# Empery Digital sells 1,400 Bitcoin to fund $65M AI data center project > Source: > Published: 2026-07-10 13:25:16+00:00 # Empery Digital sells 1,400 Bitcoin to fund $65M AI data center project The former Volcon rebranded as a Bitcoin treasury company less than a year ago, and now it's pivoting again to chase AI infrastructure. Empery Digital is dumping Bitcoin to build data centers. The company announced on June 30 that it’s investing $65 million to acquire a 25% stake in a new AI data center project, a 150 MW facility in the Midwest developed alongside Hunt Properties. To fund the deal, Empery has been liquidating its Bitcoin holdings, and it’s not planning to buy any more. The company now holds approximately 2,914 BTC, down from over 4,000 BTC at its peak. For a firm that literally rebranded itself around Bitcoin less than 12 months ago, this is quite the about-face. ## From electric vehicles to Bitcoin to AI in under two years The company was previously known as Volcon, an electric vehicle maker that pivoted to a Bitcoin treasury strategy when it rebranded as Empery Digital in July 2025. That Bitcoin-first approach lasted roughly a year. The company is now discontinuing its Bitcoin treasury dashboard entirely, signaling that the crypto accumulation playbook is officially closed. Future capital allocation, according to the announcement, will focus on “hyperscaler-anchored data center deals,” with spending capped at the $65 million investment level. Earlier in 2026, Empery had already started trimming its Bitcoin position, selling 370 BTC at an average price of approximately $66,632 per coin. The partnership with Hunt Properties gives the project some institutional credibility. Hunt is a well-established real estate and infrastructure firm, and the 150 MW capacity of the planned Midwest facility is significant. ## Why companies are trading Bitcoin for GPU racks A 25% stake for $65 million implies the full project is valued at around $260 million. The AI data center boom has created exactly that kind of opportunity, with demand for compute infrastructure driven by the training and inference needs of large language models and enterprise AI deployments. Power capacity in particular has become the bottleneck, making sites with access to reliable electricity increasingly valuable. ## What this means for Bitcoin treasury companies and investors The sell pressure from a single company offloading Bitcoin is modest in the context of Bitcoin’s overall market. But when companies that explicitly branded themselves around Bitcoin accumulation start reversing course, it undermines the narrative that corporate treasuries represent a durable source of demand. The $65 million investment is capped, which suggests management isn’t planning to liquidate the remaining 2,914 BTC anytime soon. But the explicit statement that Empery will no longer seek to acquire more Bitcoin removes a buyer from the market permanently, however small. **Disclosure:** This article was edited by Editorial Team. For more information on how we create and review content, see our [Editorial Policy](https://cryptobriefing.com/editorial-policy/).