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Empery Digital sells 1,400 bitcoins to fund AI pivot and pay debt
3 sourcesFirst reported 11 days agoUpdated 10 days ago
Untold
No left-leaning outlet covered this story. You are only seeing one side of the political spectrum.
Untold
No right-leaning outlet covered this story. You are only seeing one side of the political spectrum.
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No left-leaning outlets covered this story. Coverage comes exclusively from centrist or right-leaning sources. Left-leaning media may consider the story insignificant, or the story challenges progressive narratives. Seek out left-leaning commentary to complete the picture.
What all sources covered
- Empery Digital sold 1,400 bitcoins to fund its transition toward artificial intelligence and address debts.
- The company obtained a 25% stake in an AI data center campus project from the proceeds of the sale.
- This decision follows pressure from a major shareholder who urged the company to abandon its Bitcoin treasury strategy.
- The move indicates a strategic shift away from cryptocurrency towards technology investment.
- Empery Digital's shares experienced a rise after the announcement of the bitcoin sale.
3 sources
Who reported first
The BlockFirst
CoinDesk+20h
Cointelegraph+1d
All coverage
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Empery Digital offloads 1,400 bitcoins to help fund AI pivot, pay debt
The Block· 11 days ago
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Empery Digital shares rise after selling Bitcoin treasury to fund AI data center project
Cointelegraph· 10 days ago
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Bitcoin treasury company Empery Digital sold about half of its BTC stack
CoinDesk· 11 days ago