Imperi Digital sells 1,400 BTC for $87.1M to repay debt

Nasdaq-listed Bitcoin holder Imperi Digital (EMPD) has sold 1,400 BTC to repay debt and for other purposes, Wu Blockchain reported. According to a U.S. Securities and Exchange Commission (SEC) filing, Imperi Digital sold the 1,400 BTC at an average price of $62,200 since May, securing approximately $87.1 million. The company plans to use the funds for debt repayment, a previously announced real estate purchase, and to cover legal fees. Meanwhile, Imperi Digital recently shifted its business strategy toward the artificial intelligence (AI) infrastructure sector. The company announced that due to its increased exposure to AI and energy infrastructure, it will no longer disclose its net asset value (NAV) based on its Bitcoin holdings.