Bitcoin Treasury Company Empery Digital shareholders publicly demand the CEO's resignation and the liquidation of all BTC

BTC-4,81%

Foresight News reports that Tice P. Brown, a major individual shareholder of Empery Digital, a Bitcoin treasury company listed on NASDAQ, has issued an open letter. He disclosed that he has officially rejected the management’s private proposal for a share buyback (in which he personally holds 9.8% of the company’s shares). He accused the company of taking this action to secure 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 right away, with the proceeds returned to shareholders. Currently, Empery Digital holds approximately 4,081 Bitcoin, valued at about $258 million.

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Analysis: De-globalization and AI reshaping the macro environment, with crypto assets being sold off as high-beta growth assets

The current market is undergoing a structural reshaping driven by de-globalization and artificial intelligence, resulting in slow trading adjustments. Bitcoin and Ethereum prices are struggling to rebound, indicating a lack of market confidence. Capital is flowing into value sectors, technology stocks are underperforming, and crypto assets are being sold off, facing a critical transition ahead.

GateNewsBot3m ago

Nakamoto spends $107 million to acquire BTC Inc. and UTXO, accelerating the integration of Bitcoin media and asset management landscape

February 24 News, Bitcoin asset management firm Nakamoto announced the completion of its acquisition of BTC Inc. and UTXO Management through a fully stock-based transaction valued at approximately $107.3 million. This move is seen as a significant step in reshaping the Bitcoin media ecosystem and asset management landscape. According to the company's disclosure, after the completion of the transaction, relevant shareholders will hold 363,589,816 shares on a fully diluted basis, further strengthening its capital structure and business synergy. The acquisition includes BTC Inc., which operates Bitcoin Magazine and the Bitcoin Conference, as well as UTXO Management, which focuses on Bitcoin asset management. Founder David Bailey stated that the deal aligns with their long-term strategy of building a diversified business matrix around Bitcoin, aiming to create a closed-loop ecosystem encompassing media, asset management, and consulting services to enhance stable revenue streams and industry influence.

GateNewsBot9m ago

Capital withdrawal accelerates! US Bitcoin and Ethereum ETFs see over $250 million in net outflows in a single day, with institutional sentiment clearly weakening.

February 24 News, there is a clear redemption wave in US spot Bitcoin and spot Ethereum ETFs. Data shows that on that day, the net outflow from the spot Bitcoin ETF was approximately $204 million, while the spot Ethereum ETF also saw an outflow of $49.48 million, with a total daily capital outflow of $253 million. This large-scale capital withdrawal occurred after Bitcoin's price briefly fell below the critical $65,000 level, combined with macroeconomic uncertainties caused by expectations of US tariff policies, leading to a significant decline in risk appetite in the crypto market.

GateNewsBot15m ago

Metaplanet CEO Warns of AI Impact on Employment: Machine Economy May Shift Toward Bitcoin as Core Store of Value

February 24 News, Metaplanet CEO Simon Gerovich recently stated that as AI-driven productivity rapidly advances, the global economy is gradually moving toward an era of "machine-to-machine trading," and Bitcoin could become a primary store of value within this system. This view stems from his response to a forward-looking study by Citrini Research, which outlines the potential for artificial intelligence to replace white-collar jobs on a large scale between 2026 and 2027. Simon Gerovich pointed out that AI agents making financial decisions will not rely on traditional bank accounts, credit card networks, or government-issued currencies, but will instead prioritize more efficient, frictionless digital asset systems. Under the logic of machine-optimized transaction costs, on-chain payments, stablecoin settlements, and Bitcoin as a store of value are more aligned with the needs of an automated economy. Compared to the traditional payment network fee structure of 2% to 3%, low-cost blockchain settlements are more attractive.

GateNewsBot23m ago

Bitcoin drops below the $65,000 threshold: Trump's tariffs disrupt the market, will BTC test $60,000?

On February 24, news reports indicate that amid increasing uncertainty over the United States pushing forward a new round of global trade tariff policies, Bitcoin prices have fallen below the key psychological threshold of $65,000, and market risk appetite has significantly cooled down. Data shows that Bitcoin retreated from a high of approximately $66,465 on Monday to an intraday low of $62,952, a stage decline of nearly 5%, and a cumulative retracement of about 35% from the year's high, with market sentiment turning cautious. This downward movement is closely related to the policy expectation that the Trump administration may impose an additional 10% tariff on multiple countries (potentially raised to 15% via executive order). Historical experience shows that escalating trade tensions often intensify volatility in the crypto market. The market still remembers that after the U.S. imposed high tariffs on China in 2025, the total market value of cryptocurrencies shrank significantly within two months, and Bitcoin's sensitivity to macro shocks once again became a focus.

GateNewsBot28m ago
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)