Empery Digital officially responds to major shareholder's liquidation proposal: will not liquidate bitcoin assets

PANews, March 3 — According to Businesswire, in response to the major shareholder's request to sell all bitcoin holdings and return cash to shareholders, Nasdaq-listed bitcoin treasury company Empery Digital has officially issued a statement. The statement pointed out that although the company's stock price has consistently been below NAV, the management has always implemented a stock repurchase plan with shareholders' interests as the starting point. Meanwhile, major shareholder Tice P. Brown previously made false and malicious personal attacks against the management, and it was clarified that ATG Capital has not communicated with any company directors or executives. Empery Digital further stated that the board and management team have fully evaluated Tice P. Brown's request to liquidate all bitcoin assets and determined that such action does not serve the best interests of all shareholders and deprives them of the opportunity to benefit from future price increases. Therefore, at this stage, the company will not immediately liquidate all bitcoin assets.