Bitcoin Treasury Company Empery Digital Shareholder Calls for CEO's Resignation and Sale of All Bitcoin Holdings

Odaily News Empery Digital Inc. shareholder Tice P. Brown, who holds a 9% stake, has sent a letter to the company's board of directors, calling for the immediate resignation of CEO Ryan Lane, a change in board members, and the immediate sale of all Bitcoin holdings.

Tice P. Brown stated that Empery Digital Inc.'s management privately and proactively offered to repurchase all of his shares at a price equivalent to 100% of mNAV (market net asset value), representing a significant premium over the current market valuation, on the condition that he personally sign a standstill agreement. Management made this offer via a call with the repurchase broker on February 18th and confirmed it in writing on February 23rd. Brown has rejected the offer.

Tice P. Brown said: "This proposal is particularly offensive when minority shareholders are clearly desperate to recover their funds. For months, shareholders have been selling shares to the company's repurchase program at a steep discount, far below the immediate liquidation value. Management has made it abundantly clear, time and again, that they will take any action to position themselves between shareholders and our capital, continuing to extract compensation and expenses from us.

I reiterate my call for CEO Ryan Lane to resign immediately, for the entire Empery Digital Inc. board to be replaced immediately, and for all Bitcoin to be sold immediately, with the proceeds returned to shareholders without delay."

According to the latest data as of February 2026, Empery Digital holds 4,081 BTC, typically ranking around the top 25 among publicly listed Bitcoin treasury companies in terms of holdings.