Empery Digital shareholder demands sale of 4,000-plus Bitcoin treasury, resignations

CoinTelegraph

by Sam Bourgi

February 24, 2026

AI-Generated Deep Dive Summary

A major shareholder in Empery Digital has escalated demands for significant changes within the company, calling for the sale of its Bitcoin holdings, the return of capital to investors, and the resignation of the CEO and board of directors. Tice P. Brown, who owns approximately 9.8% of the company’s shares, accused management of prioritizing their own positions over shareholder interests. In a letter to the board, Brown highlighted an offer made by Empery Digital leadership on February 18 to repurchase his shares at a premium to market net asset value (mNAV). He declined, asserting that the proposal was designed to maintain management control rather than address investor concerns. Brown’s accusations come amid growing tensions between shareholders and company leadership. The shareholder emphasized that Empery Digital’s Bitcoin-centric strategy is no longer viable and urged a shift in focus toward returning value to investors. His call for the sale of digital assets, including Bitcoin, reflects a broader sentiment among stakeholders seeking transparency and accountability in corporate governance, particularly in the crypto space. This situation underscores the ongoing challenges faced by cryptocurrency companies in balancing strategic vision with shareholder expectations. Empery Digital’s case highlights the importance of effective leadership and clear communication in navigating the volatile and rapidly evolving blockchain industry. Shareholder activism is increasingly becoming a key factor driving changes in corporate strategy, as seen in Brown’s efforts to influence company decisions. For readers interested in crypto and blockchain, this story provides insight into the internal dynamics shaping digital asset companies. The debate over Bitcoin holdings and leadership restructuring highlights the risks and

Verticals

cryptoblockchain

Originally published on CoinTelegraph on 2/24/2026