Empery Digital officially responded to its major shareholder's liquidation proposal: It will not liquidate its Bitcoin assets.

PANews reported on March 3rd, citing Businesswire, that Nasdaq-listed Bitcoin treasury company Empery Digital has issued a formal statement in response to a major shareholder's demand to sell all Bitcoin and return cash to shareholders. The statement clarified that despite the company's stock price consistently trading below NAV, management has always prioritized shareholder interests by implementing a share buyback program. Empery Digital also stated that major shareholder Tice P. Brown has previously made false and malicious personal attacks against management, and clarified that ATG Capital has not communicated with any of the company's directors or executives. Furthermore, Empery Digital stated that the board of directors and management team have conducted a comprehensive evaluation of Tice P. Brown's request to liquidate all Bitcoin assets, concluding that this move is not in the best interests of all shareholders and deprives them of the opportunity to profit from future price increases. Therefore, they will not immediately liquidate all Bitcoin assets at this stage.