Shareholders of Empire Digital, a Nasdaq-listed Bitcoin treasury company, are calling for the resignation of CEO Ryan Lane and the board of directors, alongside the liquidation of the company's Bitcoin holdings. Tice P. Brown, a significant shareholder, publicly rejected a private share buyback offer from management, accusing the company of prioritizing Lane's job security over shareholder interests. Brown's demands include the immediate sale of Empire Digital's 4,081 Bitcoins, valued at approximately $258 million, with proceeds to be distributed to shareholders.
Empire Digital Shareholders Demand CEO Resignation and Bitcoin Liquidation
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