Empery Digital sells 1,400 BTC for $87.1M to finance AI data-center deal and repay debt

Empery Digital has sold 1,400 bitcoins since May 7, raising about $87.1 million, according to a disclosure cited by CoinDesk. The company said the sales materially reduced its BTC holdings, with proceeds earmarked for debt repayment, advancing a previously announced AI data-center-related transaction, and covering legal and operating costs. The company reported an average selling price of roughly $62,200 per bitcoin. The $87.1 million figure reflects gross proceeds and has not been adjusted for related expenses. Empery said $10 million was used on July 7 to retire outstanding debt. Remaining proceeds are slated for a property acquisition announced June 30, contingent on executing the relevant purchase agreement, and for expenses tied to shareholder litigation referenced in the company's most recent quarterly report, along with general corporate purposes. The property transaction carries a disclosed value of $65 million and represents a 25% equity interest in a private entity acquiring a facility in the U.S. Midwest that is intended to be converted into an AI data center. As of July 10, Empery said it still held 1,514 BTC, valued at about $96.5 million under the methodology described in the disclosure, and held roughly $73.9 million in cash. The filing also shows $45 million remains outstanding under the company's current debt instruments. The company did not indicate whether the sales will change its longer-term bitcoin treasury approach. It also did not provide a breakdown of legal costs related to the shareholder litigation noted in its quarterly report for the period ended March 31, or a timeline for closing the property acquisition or resolving the lawsuit.