Bitcoin treasury company Empery Digital shareholders call for CEO to resign and liquidate all Bitcoin

Odaily Planet Daily reports that Tice P. Brown, a shareholder with a 9% stake in Empery Digital Inc., has sent a letter to the company’s board of directors, calling for CEO Ryan Lane to resign immediately, for the board members to be replaced, and for all Bitcoin to be sold off immediately.

Tice P. Brown stated that Empery Digital Inc.'s management privately approached him with an offer to buy back all his shares at a price equivalent to 100% of the market net asset value (mNAV), which is a significant premium over the current market valuation, on the condition that he sign a standstill agreement. The management made this offer via a buyback broker’s phone call on February 18 and confirmed it in writing on February 23. Brown has rejected the offer.

Tice P. Brown said, “When minority shareholders are clearly eager to recover their funds, this proposal is especially offensive. For months, shareholders have been selling their shares to the company’s buyback program at a huge discount well below the immediate liquidation value. Management has repeatedly made it clear that they will take every action to put themselves between shareholders and our capital, continuing to extract salaries and expenses from us.

I once again call on CEO Ryan Lane to resign immediately, for the entire board of Empery Digital Inc. to be replaced immediately, and for all Bitcoin to be sold off immediately, with the proceeds returned to shareholders.”

As of the latest data up to February 2026, Empery Digital holds 4,081 BTC, ranking roughly in the top 25 among publicly listed Bitcoin treasury companies.