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Empery Digital Shareholder Seeks to Sell 3,723 BTC for Cash
Drama in the Bitcoin treasury sector! Empery Digital (EMPD), a U.S.-listed company holding 3,723 BTC as its primary reserve asset (while generating income from crypto options), is facing a fierce proxy fight.
Major shareholder Tice P. Brown (holding nearly 10% of the shares) has publicly called for the resignation of co-CEO Ryan Lane and the entire board of directors, accusing management of reckless governance and risky Bitcoin derivatives trading. He is strongly pushing for a complete liquidation of BTC holdings — selling the 3,723 coins and returning the money to shareholders to bridge the gap between the depressed share price (~$3.96) and the net asset value (~$4.72).
With a significant drop in shares over the past year, this could put pressure on other BTC treasury strategies if the push succeeds. Stay tuned for updates on this boardroom battle — it could set precedents for corporate strategies in Bitcoin.#PreciousMetalsAndOilPricesSurge #GateSquare$50KRedPacketGiveaway