Empery Digital’s bitcoin holdings have declined 68% from 4,018 BTC to 1,279 BTC, while the stock price of this BTC treasury company has crashed 72% over the past year, dropping from $10 to $2.84. The bitcoin purchased at an average cost of $117,552 each is now worth approximately $65,000. A Delaware vice chancellor has ordered the removal of anonymity protection for stockholders in the lawsuit opposing Empery Digital to activist fund ATG Capital, which is seeking to replace the company’s board of directors. The company has sold the majority of its BTC holdings at staggering losses and has incurred $7.8 million in legal fees defending the proxy contest.
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