Empery Digital officially responds to major shareholder's liquidation proposal: will not liquidate Bitcoin assets
According to Businesswire, in response to the major shareholder's request to sell all Bitcoin and return cash to shareholders, Nasdaq-listed Bitcoin treasury company Empery Digital officially issued a statement. It pointed out that although the company's stock price has consistently been below NAV, the management has always implemented a stock buyback plan with the interests of shareholders as the starting point. Meanwhile, major shareholder Tice P. Brown previously made false and malicious personal attacks on the management, and it clarified that ATG Capital has not communicated with any company directors or executives.
Empery Digital further stated that the board and management team have conducted a comprehensive assessment of Tice P. Brown's request to liquidate all Bitcoin assets, determining that such action is not in the best interests of all shareholders and deprives them of the opportunity to gain more from future price increases. Therefore, there will be no immediate liquidation of all Bitcoin assets at this stage.
According to previous news from ChainCatcher, shareholders of Bitcoin treasury company Empery Digital publicly demanded the CEO's resignation and the liquidation of all BTC.
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