Empery Digital has officially pivoted from a Bitcoin-focused treasury strategy to AI infrastructure investment, selling 1,400 BTC for approximately $87.1 million. The company, formerly known as Volcon, confirmed it will no longer pursue Bitcoin accumulation, instead allocating $65 million to acquire a 25% stake in a 150 MW data center project in the U.S. Midwest in partnership with Hunt Properties.
Strategic Shift from Bitcoin to AI Infrastructure
Empery Digital’s move marks a departure from the corporate treasury trend that gained momentum in 2025, where companies held Bitcoin as a primary reserve asset. According to reports from Crypto Briefing and regulatory filings cited by U.Today, the company began liquidating its Bitcoin holdings in early 2026.
The firm previously rebranded from Volcon to Empery Digital in July 2025, centering its business model on Bitcoin accumulation. That strategy has now been abandoned in favor of physical infrastructure. The company’s new focus targets the high-demand "hyperscaler" market—large-scale cloud and computing operators that require significant electricity and high-density data center capacity.
Asset Liquidation and Financial Restructuring
The company’s recent sell-off of 1,400 BTC, executed at an average price of approximately $62,200 per unit, generated roughly $87.1 million. This follows an earlier divestment of 370 BTC at an average price of $66,632, as noted by Crypto Briefing.
The proceeds from these sales are being directed toward three specific corporate objectives:
- Debt Reduction: $10 million is earmarked for the immediate repayment of outstanding debt.
- Legal Obligations: Funds are being used to cover expenses related to ongoing litigation involving minority shareholders.
- Real Estate Acquisition: The firm is financing property purchases necessary to support its new data center operations.
Current reports on the company’s remaining Bitcoin balance vary, with sources estimating holdings in the thousands of BTC. Regardless of the exact remaining balance, the company has explicitly stated it does not plan to purchase additional Bitcoin in the immediate future.
Investment in 150 MW Data Center Project
The centerpiece of Empery’s new strategy is a $65 million investment in a 150 MW data center facility located in the U.S. Midwest. Developed in collaboration with Hunt Properties, the project carries an implied valuation of hundreds of millions of dollars for the development.
By shifting capital into power-intensive infrastructure, Empery is positioning itself to capture demand driven by generative AI and large language models. The company indicated that future capital allocation will be restricted to data center agreements, effectively ending its tenure as a corporate Bitcoin accumulator.
Market Implications for Corporate Treasuries
Empery Digital’s reversal highlights a growing divide in how public companies view cryptocurrency on their balance sheets. While some firms continue to treat Bitcoin as a long-term hedge, others are increasingly viewing it as a liquid reserve to be deployed when capital-intensive opportunities arise in sectors like AI or energy.
This move follows similar shifts by other entities in the space, suggesting that for some, Bitcoin is no longer a "permanent" treasury asset but a flexible tool for funding operational pivots. As infrastructure for AI—specifically land and reliable power—becomes a critical bottleneck, companies are choosing to trade digital assets for physical capacity to chase perceived growth in the computing sector.