Bitcoin Treasury Firm Empery Digital Dumps Nearly Half of BTC Holdings for $87 Million
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Empery Digital is selling nearly half of its Bitcoin holdings, unloading 1,400 coins since May for approximately $87 million. The Nasdaq-listed firm is using the funds to fuel an AI data center deal, cover legal bills, and other expenses. This significant sale is likely to impact the firm's treasury and its ability to hold onto its remaining Bitcoin.
Nasdaq-listed Empery Digital said it sold 1,400 Bitcoin since May to help fuel an AI data center deal, legal bills, and other expenses.