Major shareholder of Bitcoin treasury company Empery Digital demands sale of all Bitcoin and return of cash to shareholders

Jinse Finance reported that a US-listed Bitcoin treasury company, which holds 3,723 bitcoins, is currently embroiled in an intense shareholder dispute. The third largest shareholder, Tice P. Brown, who holds a 10.3% stake, has publicly demanded the resignation of the company's Co-CEO Ryan Lane and the board of directors, and has advocated for the sale of all Bitcoin assets with the cash to be returned to shareholders. Brown accused the management of poor governance, alleging that employees were allowed to conduct large-scale "intraday trading" of Bitcoin derivatives. The company, however, denied these allegations, stating that selling all Bitcoin would harm its long-term strategic value.