<div id="readability-page-1" class="page">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.<h2>Shareholder revolt challenges Bitcoin strategy</h2>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.<h2>Assessing Empery’s Bitcoin position?</h2>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.<div id="attachment_573804"><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/02/empery.jpeg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="1395" height="697" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/02/empery.jpeg"/>Source: Bitcoin Treasuries</div>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.<div id="attachment_573800"><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/02/empd.jpeg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="1418" height="618" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/02/empd.jpeg"/>Source: Bitcoin Treasuries</div>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.<hr/><h2>Final Summary</h2><ul><li>Empery Inc Shareholder called for the resignation firms CEO and board of directors.</li><li>Amid Bitcoin’s prolonged downtrend, Empery stock has plunged 44%, with its holdings down $244 million.</li></ul></div>

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Empery Digital Inc. faces a shareholder revolt after a 49% stock crash linked to its Bitcoin holdings. Key shareholder Tice Brown, owning 9.8% of the company, demands the firm sell all BTC, return proceeds to investors, and calls for the resignation of the CEO and Board. Empery holds 4,081 BTC valued at $265.7 million, down 44% from its average cost basis. The company's stock has dropped significantly, reflecting the decline in Bitcoin's value, raising concerns about the impact of a potential selloff on both BTC and shareholder positions.

- Cryptocurrencies, particularly Bitcoin, have become increasingly popular, with 193 firms, including Empery Digital Inc., holding significant amounts on their balance sheets.  
- A major shareholder, Tice Brown, is demanding the sale of all BTC holdings and the resignations of the CEO and Board, citing management’s self-interest as a concern.  
- Empery’s Bitcoin position has weakened significantly due to the ongoing downtrend, with the company's asset value dropping from $509 million to $265 million and its stock price falling 49% in six months.

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