PANews reported on February 24th that, according to Globenewswire, Tice P. Brown, a major individual shareholder of Nasdaq-listed Bitcoin treasury company EmpirePANews reported on February 24th that, according to Globenewswire, Tice P. Brown, a major individual shareholder of Nasdaq-listed Bitcoin treasury company Empire
Shareholders of Bitcoin treasury company Empire Digital are demanding the resignation of its CEO and board of directors, and the sale of all its Bitcoin holdings.
PANews reported on February 24th that, according to Globenewswire, Tice P. Brown, a major individual shareholder of Nasdaq-listed Bitcoin treasury company Empire Digital, released an open letter disclosing that he has formally rejected a private share buyback offer from management (who personally holds 9.8% of the company's shares). Brown accused the company of prioritizing CEO Ryan Lane's job security over shareholder interests. He demanded Ryan Lane's immediate resignation, the replacement of all board members of Empire Digital Inc., and the immediate sale of all Bitcoins, with the proceeds immediately returned to shareholders. Data shows that Empire Digital currently holds approximately 4,081 Bitcoins, worth approximately $258 million.
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