Empery Digital Shareholder Seeks to Sell 3,723 BTC for Cash
Drama in the Bitcoin treasury space! Empery Digital (EMPD), a U.S.-listed company holding 3,723 BTC as a core reserve asset (while generating income from options on the crypto), is facing a heated proxy fight.
Major shareholder Tice P. Brown (holding nearly 10% of shares) has publicly called for the resignation of co-CEO Ryan Lane and the entire board, accusing management of reckless governance and risky bitcoin derivatives trading. He's pushing hard for a full liquidation of the BTC holdings — selling all 3,723 coins and returning the cash to shareholders to close the gap between the depressed share price (~$3.96) and net asset value (~$4.72).
With shares down sharply over the past year, this could pressure other BTC treasury plays if the push succeeds. Watch for updates on this boardroom battle — it might set precedents for corporate Bitcoin strategies.
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.
Empery Digital Shareholder Seeks to Sell 3,723 BTC for Cash
Drama in the Bitcoin treasury space! Empery Digital (EMPD), a U.S.-listed company holding 3,723 BTC as a core reserve asset (while generating income from options on the crypto), is facing a heated proxy fight.
Major shareholder Tice P. Brown (holding nearly 10% of shares) has publicly called for the resignation of co-CEO Ryan Lane and the entire board, accusing management of reckless governance and risky bitcoin derivatives trading. He's pushing hard for a full liquidation of the BTC holdings — selling all 3,723 coins and returning the cash to shareholders to close the gap between the depressed share price (~$3.96) and net asset value (~$4.72).
With shares down sharply over the past year, this could pressure other BTC treasury plays if the push succeeds. Watch for updates on this boardroom battle — it might set precedents for corporate Bitcoin strategies.
#CelebratingNewYearOnGateSquare