Shares in Empery Digital rose on Friday after the company said it funded a new AI data center project in part through Bitcoin sales, reducing its holdings by nearly 50%.

Empery Digital is selling 1,400 Bitcoin to fund a $65M AI data center project, abandoning its Bitcoin treasury strategy less than a year after adopting it.

Empery Digital used part of the proceeds for a 25% stake in an AI data center campus project.