Last year's bull market had treasury companies hyping things up like crazy, and this year's bear market is just as brutal. Another treasury company is cutting losses and pivoting—Nasdaq's Empery Digital sold half of their BTC holdings, averaging $62,200 per coin, a total of 1,400 BTC, cashing out $87.1 million. The money is being used to pay off debts + build an AI data center. Translation: Crypto treasury companies are starting to shift to AI. On the flip side, with more treasuries cutting losses and pivoting to AI, does that mean the 'car' is getting lighter? Let them buy back at $120K!
