Empery Digital’s BTC holdings crater 68% as proxy fight intensifies

A vice chancellor in the Delaware Court of Chancery has removed the protection of anonymity for a list of stockholders in BTC treasury company, Empery Digital, which has seen its stock price crash 72% over the past year.

The action accelerates an already expedited lawsuit by plaintiff ATG Capital, which resorted to legal action as Empery Digital’s stock and BTC prices cratered.

One year ago, its stock price was $10 and the company held 4,018 BTC at an average cost of $117,552 apiece. On Friday, its stock price was $2.84 and each of those BTC are now worth approximately $65,000.

As of August 6, it reported holdings of just 1,279 BTC, a decline of 68%, after the company sold several times on the way down and finalized tens of millions of dollars worth of losses.

Today, this so-called BTC treasury company is worth less than the BTC it holds.

Last week, a vice chancellor decided who gets to see the names of Empery Digital stockholders that activist fund ATG is using for leverage to replace board seats at the company.

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