Empery Digital (EMPD) announced on Friday the sale of 1,400 bitcoins for $62,200 each, generating $87.1 million in profits.
In early July, the company said it would need $65 million to close its 25% ownership in a group acquiring a facility in the Midwest to convert into an artificial intelligence data center.
Empery was among the hastily formed SPAC deals during the digital asset treasury frenzy of 2025. The results for the group have not been pretty, with most seeing share prices fall by 90% or more from 2025 highs.
In what could be part of the bottoming process for bitcoin and cryptocurrencies, a growing group of these companies have become sellers of the digital assets they acquired in 2025.
Empery still has 1,514 bitcoins, but said he has no plans to accumulate more and may sell additional BTC to fund other opportunities.
“Going forward, we plan to continue allocating capital to similar hyperscale-based opportunities,” said co-CEO Ryan Lane.
