The third largest shareholder of Bitcoin treasury company EmperyDigital demands the sale of 3,723 BTC and the return of cash

The U.S. publicly listed Bitcoin treasury company EmperyDigital, which holds 3,723 BTC, is currently embroiled in a shareholder dispute. The third-largest shareholder, Tice P. Brown, who holds 10.3% of the shares, has publicly demanded the resignation of co-CEO Ryan Lane and the board of directors, advocating for the sale of all the company's Bitcoin assets and the return of the proceeds to shareholders.

Tice P. Brown accuses the management of poor governance, claiming that the company allows employees to engage in large-scale intraday trading of Bitcoin derivatives. The company denies this and states that selling all Bitcoin assets would harm the long-term strategic value of the company.