BTC Rebellion at Empery Digital: Major Shareholder Demands Sale
BTC/USDT
$21,201,579,335.94
$68,086.00 / $64,290.71
Change: $3,795.29 (5.90%)
-0.0009%
Shorts pay
Contents
Shock Demand at Empery Digital: Abandon BTC Strategy!
Major shareholder Tice P. Brown, who owns 9.8% of Empery Digital, demanded in a letter sent to the company management on Monday that it abandon its Bitcoin (BTC)-focused strategy, sell its digital assets and return the proceeds to shareholders, and that CEO Ryan Lane and the entire board of directors resign. Brown accused management of protecting their positions at the expense of shareholders and stated that he rejected the share repurchase offer presented to him in February.
Source: The Moon Show
Tice P. Brown's Accusations and the Company's Response
The company responded by claiming that Brown distorted the facts and stated that they are seeking an agreement on the share repurchase. This tension appears to have been triggered by the recent drop in BTC price (currently $64,304.10, -0.53%). Despite RSI at 31.07 being in oversold territory, the downtrend continues.
Empery Digital's BTC Pivot and Holding Details
Empery Digital, formerly known as Volcon, an electric off-road vehicle manufacturer, pivoted to focus on BTC in mid-2025, accumulating 4,081 BTC and entering the top 25 public BTC holders worldwide. The BTCs, most of which were acquired last summer, are affected by market volatility as highlighted in the BTC detailed analysis.
Empery acquired the bulk of its BTC holdings last summer. Source: BitcoinTreasuries.NET
BTC Technical Analysis: Critical Support and Resistance Levels
BTC's Supertrend is bearish, price above EMA 20 at $69,550. The table below shows the critical levels:
| Level | Price | Score | Distance | Sources |
|---|---|---|---|---|
| S1 (Support) | $62,888.60 | 73/100 ⭐ | -2.20% | POC, S1, Pivot |
| S2 | $60,350.87 | 66/100 ⭐ | -6.15% | S3, Fibo 0.000 |
| R1 (Resistance) | $64,323.39 | 76/100 ⭐ | +0.03% | Fibo 0.114, R1 |
| R2 | $78,962.25 | 64/100 ⭐ | +22.80% | Fibo 0.500 |
Expert opinion: A bounce at S1 is possible with the RSI oversold signal, but liquidation risk is high in BTC futures.
Similar Risks in Institutional BTC Strategies: Saylor and Net Holding
MicroStrategy's Saylor relies on common shares while buying BTC with preferred shares; similar pressures are increasing. Turkish Net Holding (NTHOL.IS) ranks 74th with 352 BTC. Goldman Sachs CEO warns of BTC crash and predicts cascading liquidations – a warning bell for Empery.
How Will Empery Digital's BTC Decision Affect the Market?
A sale of 4,081 BTC (~$262M) could create pressure in the market, especially in a downtrend. Cash return is attractive for shareholders, but a BTC rally could be missed. Watch: Company announcements and BTC detailed analysis updates.