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Bitcoin Treasury Company Empery Digital Shareholders' Open Letter: Requesting to Liquidate All BTC Holdings
Odaily Planet Daily reports that Tice P. Brown, a major individual shareholder of Empery Digital, a Bitcoin treasury company listed on NASDAQ, has issued an open letter. He disclosed that he has officially rejected the management’s private proposal for a share buyback (holding 9.8% of the company’s shares himself). He accused the company of doing this to secure the stability of CEO Ryan Lane’s position rather than to protect shareholders’ interests. He also demanded that Ryan Lane resign immediately and that all Bitcoin assets be sold right away, with the proceeds returned to shareholders. Currently, Empery Digital holds approximately 4,081 Bitcoin, worth about $258 million. (Globenewswire)