EmperyDigital, a Bitcoin Treasury Company, Faces Third-Largest Shareholder Demanding Sale of 3,723 BTC and Cash Return

Odaily News: EmperyDigital, a U.S.-listed Bitcoin treasury company holding 3,723 BTC, is embroiled in a shareholder dispute. Tice P. Brown, the third-largest shareholder with a 10.3% stake, has publicly demanded the resignation of co-CEO Ryan Lane and the board of directors. Brown also advocates for the sale of all the company's Bitcoin assets and the return of the cash proceeds to shareholders.

Tice P. Brown has accused management of governance failures, alleging that the company allowed employees to engage in large-scale intraday trading of Bitcoin derivatives. The company has denied these allegations, stating that selling all Bitcoin assets would harm its long-term strategic value. (CoinDesk)