Empery Digital sells 1,400 Bitcoin to fund data center stake and repay debt
The former Volcon raised about $87.1 million at an average $62,200 per BTC as it shifts toward AI infrastructure, while activists highlight the gap between its market value and net asset base.
Empery Digital said it sold 1,400 BTC since early May at an average price of $62,200, raising about $87.1 million as the Nasdaq-listed company shifts capital toward AI infrastructure. The proceeds are being used to support a previously announced property acquisition tied to a Midwest data center investment, repay debt and cover legal costs linked to shareholder litigation. Empery repaid $10 million of debt on July 7 and still owed $45 million under its debt facility as of July 10. After the sale, it held 1,514 BTC and about $73.9 million in cash. The company had already been selling Bitcoin earlier in the year, including 722 BTC sold for $50 million from Jan. 1 through March 25, 2026, and had disclosed that more sales could affect its financial condition. The latest filing adds to evidence that Empery is moving away from the Bitcoin treasury strategy it outlined in 2025 and toward AI-linked real estate and power infrastructure, even as its shares continue to trade well below the value of its Bitcoin and cash holdings net of debt.
- Bitcoin treasury strategy: A corporate approach that uses Bitcoin as a significant reserve asset on the balance sheet.
- Debt facility: A financing arrangement that lets a company borrow up to an agreed amount under set terms.
- Triple net lease: A lease structure in which the tenant typically pays property taxes, insurance and maintenance costs in addition to rent.