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The Polylog Crypto Intelligence Brief

Morning Edition · Sunday, July 12, 2026Published at 1:29 AM EDT · New York

Bitcoin Treasury Firm Empery Digital Sells About Half Its Bitcoin to Fund AI Data Centers

The pivot from accumulation to compute infrastructure adds to evidence that leveraged Bitcoin treasury vehicles face financing strain, with Bitcoin trading near 60,000 dollars.

Bitcoin Treasury Firm Empery Digital Sells About Half Its Bitcoin to Fund AI Data Centers

Empery Digital, a Bitcoin treasury company, has sold roughly half of its Bitcoin holdings and is redirecting the proceeds toward artificial-intelligence data centers, CoinDesk reported. The reversal, from a firm whose stated purpose was acc…

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Leveraged Bitcoin Treasury Vehicles Show Financing Strain

Over ~3-9 months, Bitcoin treasury companies face mounting financing stress as their funding instruments trade below par on dividend-coverage doubts, testing the sustainability of the debt/preferred-funded accumulation model.