Empery Digital, a Nasdaq-listed Bitcoin treasury company, has officially rejected a proposal from a major shareholder to liquidate its Bitcoin assets. The company emphasized its commitment to shareholder interests, highlighting a share buyback program despite its stock trading below net asset value. Empery Digital also addressed previous false claims by shareholder Tice P. Brown and noted the lack of communication from ATG Capital with its directors or executives.
The board and management conducted a thorough evaluation of the liquidation proposal, concluding that selling all Bitcoin holdings would not benefit shareholders and would eliminate potential gains from future price increases. As a result, Empery Digital will retain its Bitcoin assets, prioritizing long-term shareholder value.
Empery Digital Rejects Shareholder's Proposal to Liquidate Bitcoin Holdings
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