Wu said that in response to the major shareholder's demand to sell all Bitcoin and return cash to shareholders, Nasdaq-listed Bitcoin treasury company Empery Digital (EMPD) issued a statement stating that although the company's stock price has been consistently below NAV, management continues to pursue a stock buyback plan based on shareholder interests. The company also stated that major shareholder Tice P. Brown has made false and personal attack-style public accusations against management, and that the board of directors and management team have conducted a comprehensive assessment of Tice P. Brown's proposed "liquidation of all Bitcoin assets" plan, concluding that the plan does not align with the best interests of all shareholders. Therefore, the company will not immediately liquidate all Bitcoin assets at this stage.
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Betterforever
· 11h ago
Wu said that in response to the major shareholder's demand to sell all Bitcoin and return cash to shareholders, Nasdaq-listed Bitcoin treasury company Empery Digital (EMPD) issued a statement. The company stated that although its stock price has been consistently below NAV, management continues to pursue a stock buyback plan based on shareholder interests. The company also noted that major shareholder Tice P. Brown has made false and personal attack-style public accusations against management, and that the board of directors and management team have conducted a comprehensive assessment of Tice P. Brown's proposal to "liquidate all Bitcoin assets," concluding that the plan does not serve the best interests of all shareholders. Therefore, the company will not immediately liquidate all Bitcoin assets at this stage.
Wu said that in response to the major shareholder's demand to sell all Bitcoin and return cash to shareholders, Nasdaq-listed Bitcoin treasury company Empery Digital (EMPD) issued a statement stating that although the company's stock price has been consistently below NAV, management continues to pursue a stock buyback plan based on shareholder interests. The company also stated that major shareholder Tice P. Brown has made false and personal attack-style public accusations against management, and that the board of directors and management team have conducted a comprehensive assessment of Tice P. Brown's proposed "liquidation of all Bitcoin assets" plan, concluding that the plan does not align with the best interests of all shareholders. Therefore, the company will not immediately liquidate all Bitcoin assets at this stage.