Bitcoin Treasury Company Empery Digital Says It Will Not Immediately Liquidate All Bitcoin Assets at This Stage

Odaily News According to a report by Businesswire, in response to a proposal from a major shareholder to sell all Bitcoin and return cash to shareholders, Nasdaq-listed Bitcoin treasury company Empery Digital issued a statement in response. The statement indicated that the board of directors and management have evaluated the relevant proposal and believe that liquidating all Bitcoin assets is not in the best interests of all shareholders. Therefore, the company will not implement this plan at this stage.

The statement also mentioned that although the company's stock price is below its net asset value, it has already implemented a stock buyback plan. Regarding the allegations made by shareholder Tice P. Brown, the company stated that his remarks are untrue and claimed that ATG Capital has not communicated with the company's directors or executives. (Businesswire)