Wu said that Tice P. Brown, a 9.8% shareholder of Empery Digital Inc (NASDAQ: EMPD), has sent a letter to the board of directors demanding that CEO Ryan Lane resign immediately, that the entire board be replaced immediately, and that all Bitcoin be sold and the proceeds returned to shareholders. Brown alleges that: this week, the company management privately proposed via phone and written communication to repurchase all of its shares at 100% mNAV and signed a standstill agreement, which he refused; this move uses shareholder funds, violates the principle of "buybacks below net asset value," and aims to ensure Ryan Lane's permanent tenure; minority shareholders have long sold shares at significant discounts, while management continuously obstructs shareholders from accessing capital, and meanwhile draws salaries and fees.