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

CoinFeed reported on March 3 that, according to Businesswire, Nasdaq-listed Bitcoin treasury company Empire Digital has issued a formal statement in response to a major shareholder's demand to sell all of its Bitcoin and return cash to shareholders. The statement clarified that despite the company's stock price consistently being below NAV, management has always prioritized shareholder interests and implemented a share buyback program. It also stated that major shareholder Tice P. Brown had previously made false and malicious personal attacks against management, and clarified that ATG Capital had not communicated with any of the company's directors or executives.