Empery’s Bitcoin treasury faces revolt after 49% stock crash

ambcrypto2026-02-25 tarihinde yayınlandı2026-02-25 tarihinde güncellendi

Özet

Empery Digital Inc., a major corporate holder of Bitcoin, is facing a significant internal revolt from its shareholders following a 49% crash in its stock price. A key shareholder, Tice Brown, who owns 9.8% of the company, has publicly demanded the immediate sale of the firm's entire Bitcoin treasury, the return of the proceeds to investors, and the resignation of the CEO and Board of Directors. Brown accused management of self-enrichment and criticized a recent share buyback offer as a move to protect their own positions rather than investor capital. The company holds 4,081 BTC, valued at approximately $265.7 million, but is facing a 44% loss on its investment with an average purchase price of $117,000. The value of its Bitcoin holdings has declined by $244 million since October, mirroring the steep drop in its stock price. The shareholder's demand to liquidate the Bitcoin position poses a risk of further depressing BTC's price, which would, in turn, cause additional losses for the company and its shareholders.

Cryptocurrencies have gained significant popularity, particularly among Digital Asset Trading (DAT) companies. Reflecting this trend, more than 193 firms now hold Bitcoin [BTC] on their balance sheets.

One example is Empery Digital Inc., which began aggressively accumulating and holding BTC in 2025 as major companies embraced crypto.

However, with BTC now struggling, the company has faced a massive internal revolt, especially from shareholders, who are worried about market uncertainty.

Shareholder revolt challenges Bitcoin strategy

In a major setback for Empery Digital Inc., a key shareholder staged a public revolt, challenging the company’s BTC‐focused strategy.

Tice Brown demanded that the firm sell all its BTC holdings, return the proceeds to investors, and that both the CEO and Board of Directors resign. In his letter, Brown, who owns 9.8% of the company, accused management of enriching themselves at the expense of shareholders.

Brown decried that the firm’s leadership privately approached him, offering him a deal to buy back his shares at 100% of the firm’s mNAV.

However, he refused the proposal, arguing that such moves aimed to preserve management’s position rather than investors’ capital.

At the same time, the shareholder criticized the company’s buyback program, accusing it of exploiting shareholders. In response to the letter, the firm accused Mr. Brown of furthering self-interest and misrepresentation of facts.

The company argued that the attempted repurchase of his shares was in the company’s and its shareholders’ best interests.

Assessing Empery’s Bitcoin position?

Undoubtedly, the shareholders’ call for a selloff of Bitcoin holdings is significant, as Empery holds a substantial BTC position.

Data from Bitcoin Treasuries showed that Empery Digital Inc. holds 4081 BTC, worth $265.7 million, making it the 23rd-largest corporate holder of Bitcoin.

With an average cost basis of $117k, Empery’s holdings are currently down 44%. Equally, the company has not made any purchases since September 2025.

With BTC in a strong downtrend, the company’s asset value dropped from $509 million in October to $265 million, a $244 million decline.

Likewise, the company’s stock value has plummeted 49% over the past six months. When BTC traded above $120k, EMPD traded above $15.

Since then, the share price has plunged to a low of $3.2, indicating the direct correlation between BTC price and the company’s stock value.

Therefore, if Empery dumps off its holdings as requested by a major shareholder, it will weaken already strained BTC. Under such circumstances, BTC continues to decline, and EMPD will drop further, threatening shareholders’ positions.

Final Summary

Empery Inc Shareholder called for the resignation firms CEO and board of directors.
Amid Bitcoin’s prolonged downtrend, Empery stock has plunged 44%, with its holdings down $244 million.

İlgili Sorular

QWhat triggered the shareholder revolt at Empery Digital Inc.?

AThe shareholder revolt was triggered by the company's significant financial losses due to Bitcoin's price decline, with a key shareholder, Tice Brown, demanding the sale of all BTC holdings, return of proceeds to investors, and the resignation of the CEO and Board of Directors.

QHow much Bitcoin does Empery Digital Inc. hold, and what is its current value?

AEmpery Digital Inc. holds 4,081 BTC, which is currently worth $265.7 million, making it the 23rd-largest corporate holder of Bitcoin.

QWhat is the decline in Empery's stock value over the past six months?

AEmpery's stock value has plummeted by 49% over the past six months, dropping from above $15 to a low of $3.2 per share.

QWhat did shareholder Tice Brown accuse the company's management of?

ATice Brown accused the management of enriching themselves at the expense of shareholders and criticized the buyback program as exploitative, arguing that their actions aimed to preserve management's position rather than protect investors' capital.

QWhat was the company's response to Tice Brown's demands?

AThe company accused Mr. Brown of furthering his self-interest and misrepresenting facts, arguing that the attempted share repurchase was in the best interests of the company and its shareholders.

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