Empery Digital Sells Bitcoin Treasury to Fund AI Data Center, Shares Rise
Empery Digital Sells Bitcoin Treasury to Fund AI Data Center, Shares Rise
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Empery Digital's shares experienced an uptick following its decision to liquidate its Bitcoin treasury holdings. The funds generated from these sales are earmarked for investment in an AI data center project. This strategic shift aligns with demands previously made by a significant Empery shareholder who advocated for divesting from Bitcoin and changes in company leadership.
The sales come months after a major Empery shareholder demanded the firm ditch its Bitcoin treasury strategy and force the resignation of its CEO and board.