Nasdaq-listed Empery Digital sells 1,400 BTC for $87M, pivots to AI

Empery Digital, a Nasdaq-listed firm that built its brand around a Bitcoin treasury, sold 1,400 BTC between May 7 and 8 at an average price of $62,200 per coin, generating $87.1 million in gross proceeds. The company disclosed the sale in an 8-K filing with the SEC. The funds are earmarked for investment in the artificial intelligence sector.