Over the past 2 months, Empery Digital sold 1,400 Bitcoin for an estimated value of $87.1 million, as revealed in an 8-K regulatory filing published this Friday. The company liquidated these digital assets at an average price of $62,200 per unit since May 7, marking the most aggressive reduction of its crypto reserves to date.
This strategic move represents a halt in its aggressive cryptocurrency accumulation policy to redirect its capital toward Artificial Intelligence. The funds obtained will be used to clear $10 million in outstanding debt and fund a $65 million commitment to an AI data center project in the United States, where Empery will acquire a 25% stake.
Despite this massive liquidation, the firm maintains a solid treasury with 1,514 BTC on its balance sheet (valued at nearly $100 million) alongside $74 million in cash. The market will closely follow the performance of its shares (Nasdaq: EMPD), which look to stabilize after a cumulative decline of 18% so far this year.
Source: https://goo.su/V1NOO
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