The move reflects a clear shift in direction, with the struggling firm moving away from its bitcoin treasury strategy and toward AI data center investments.

Empery Digital announced Friday that it sold 1,400 bitcoin at roughly $62,200 each, raising about $87.1 million.

Earlier in July, the company said it needed $65 million to secure a 25% stake in a group acquiring a Midwest facility that will be converted into an AI data center.

Empery was part of a wave of SPAC-backed companies formed during the 2025 digital asset treasury boom. The sector has since struggled, with most firms seeing their share prices drop by 90% or more from peak levels.

In what could signal a broader bottoming process in crypto markets, a growing number of these companies are now selling the digital assets they accumulated during that period.

Empery still holds 1,514 bitcoin but indicated it does not plan to expand its position and may sell more BTC to fund other opportunities.

Co-CEO Ryan Lane said the company plans to continue deploying capital into similar large-scale, hyperscaler-driven projects going forward.