PANews March 3 reported that, according to Businesswire, in response to the major shareholder’s demand to sell all Bitcoin and return cash to shareholders, the Nasdaq-listed Bitcoin treasury company Empery Digital issued an official statement. The statement noted that although the company’s stock price has consistently been below NAV, management has always implemented stock buyback programs with shareholders’ interests in mind. It also stated that major shareholder Tice P. Brown previously made false and malicious personal attacks against management, and clarified that ATG Capital has not communicated with any company directors or executives. Empery Digital further stated that the board of directors and management team have conducted a comprehensive assessment of Tice P. Brown’s request to liquidate all Bitcoin assets, concluding that such action is not in the best interests of all shareholders and would deprive them of the opportunity to benefit from future price increases. Therefore, they will not immediately liquidate all Bitcoin assets at this stage.
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