According to Globenewswire, on February 24th, Nasdaq-listed Bitcoin treasury company Empery Digital’s major individual shareholder Tice P. Brown issued a public letter, revealing that he has formally rejected the management’s private proposal for a share buyback (holding 9.8% of the company’s shares). He accused the company of doing this to ensure 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 immediately, with the proceeds returned to shareholders. Data shows that Empery Digital currently holds approximately 4,081 Bitcoin, worth about $258 million.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Bitcoin Treasury Company Empery Digital shareholders publicly demand the CEO's resignation and the liquidation of all BTC
According to Globenewswire, on February 24th, Nasdaq-listed Bitcoin treasury company Empery Digital’s major individual shareholder Tice P. Brown issued a public letter, revealing that he has formally rejected the management’s private proposal for a share buyback (holding 9.8% of the company’s shares). He accused the company of doing this to ensure 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 immediately, with the proceeds returned to shareholders. Data shows that Empery Digital currently holds approximately 4,081 Bitcoin, worth about $258 million.