Empery Digital比特币持仓锐减68%，代理权之争升级
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.
特拉华州衡平法院的一名副大法官已取消了对BTC国库公司Empery Digital股东名单的匿名保护，该公司股价在过去一年中暴跌72%。
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.
此举加速了原告ATG Capital已经加快的诉讼，ATG Capital在Empery Digital股价和BTC价格暴跌之际诉诸法律行动。
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.
一年前，其股价为10美元，公司持有4,018枚BTC，平均成本为每枚117,552美元。周五，其股价为2.84美元，每枚BTC现在价值约65,000美元。
12-month chart of Empery Digital (Nasdaq:EMPD). Source: TradingView
Empery Digital（纳斯达克：EMPD）12个月图表。来源：TradingView
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.
截至8月6日，该公司报告仅持有1,279枚BTC，下降68%，此前该公司在下跌过程中多次出售，并最终实现了数千万美元的亏损。
Today, this so-called BTC treasury company is worth less than the BTC it holds.
如今，这家所谓的BTC国库公司的价值低于其持有的BTC。
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.
上周，一名副大法官决定谁可以看到Empery Digital股东的名字，维权基金ATG正利用这些股东来施压，以更换公司董事会席位。
It redacted a list of stockholder names it had assembled for its initiative, calling it a “protected business strategy.” Vice Chancellor Lori W. Will disagreed, saying, “The names of stockholders are not, in and of themselves, a business strategy.”
它删除了为其倡议而收集的股东名单，称其为“受保护的业务战略”。副大法官Lori W. Will不同意，她说：“股东的名字本身并不是一种业务战略。”
The order forces ATG to reveal its list to Empery’s counsel, although the names will remain obscured from public view for now. The vice chancellor allowed ATG to maintain the list’s designation as “highly confidential,” which confines its disclosure to parties within the litigation.
该命令迫使ATG向Empery的律师透露其名单，尽管这些名字目前仍将对公众保密。副大法官允许ATG将该名单指定为“高度机密”，将其披露限制在诉讼各方之间。
Sequans dumps bitcoin treasury after less than a year
Sequans在不到一年后放弃比特币国库
Read more: Saylor continues to post cringe AI slop amid Strategy’s BTC sell-off
阅读更多：Saylor在Strategy抛售BTC之际继续发布令人尴尬的AI垃圾内容
Delaware judge unconvinced by ATG
特拉华州法官未被ATG说服
ATG is upset for many reasons, including the company’s dismal stock price. The activist alleges Empery Digital’s board unfairly used bylaws to shut down a proxy voting contest.
ATG感到不满的原因有很多，包括公司惨淡的股价。该维权基金声称Empery Digital董事会不公平地利用章程来阻止代理投票竞争。
Empery Digital counter-claims that ATG nomination paperwork to its board was genuinely defective.
Empery Digital反诉称，ATG向董事会提交的提名文件确实存在缺陷。
Although the formal portions of the trial have concluded, there are still “final closing briefs before the court renders its verdict.”
尽管审判的正式部分已经结束，但在法院作出判决之前，仍有“最终结案陈词”。
The saga started a year ago, when electric off-road vehicle maker Volcon closed a private placement of more than $500 million on July 21, 2025, installing Empery Asset Management principal Ryan Lane as chairman and co-CEO.
这场风波始于一年前，当时电动越野车制造商Volcon于2025年7月21日完成了超过5亿美元的私募配售，任命Empery Asset Management负责人Ryan Lane为董事长兼联席CEO。
It renamed itself Empery Digital less than two weeks later.
不到两周后，它更名为Empery Digital。
By August 11, it held 4,018.36 BTC at an average cost of $117,552 apiece.
截至8月11日，该公司持有4,018.36枚比特币，平均成本为每枚117,552美元。
The company only has 1,279 BTC remaining after selling the majority of its holdings for staggering losses. Worse, outstanding corporate loan agreements restrict 954 of those 1,279 BTC.
在亏损惨重地出售了大部分持仓后，该公司仅剩1,279枚比特币。更糟糕的是，未偿还的公司贷款协议限制了这1,279枚比特币中的954枚。
$EMPD just sold most of their bitcoin, took down their BTC treasury dashboard, said they do not plan to buy any more bitcoin, announced they may sell off the rest, and have announced their pivot to AI. https://t.co/4lSE9y2Uq8 pic.twitter.com/5hQsK5fqUU
$EMPD刚刚出售了其大部分比特币，撤下了其BTC金库仪表板，表示不计划再购买更多比特币，宣布可能出售剩余部分，并宣布转向人工智能。https://t.co/4lSE9y2Uq8 pic.twitter.com/5hQsK5fqUU
— Pledditor (@Pledditor) July 10, 2026
— Pledditor (@Pledditor) 2026年7月10日
Defending its proxy fight with ATG has already cost the company $7,828,001 in fees through June 30.
截至6月30日，为应对与ATG的代理权之争，公司已花费7,828,001美元的费用。
ATG Capital Opportunities Fund LP is an outside activist fund, not a group of insiders. Gabriel Gliksberg founded ATG Capital Management in November 2020 and has proposed nine directors for Empery Digital.
ATG Capital Opportunities Fund LP是一家外部激进基金，而非内部人士团体。Gabriel Gliksberg于2020年11月创立了ATG Capital Management，并为Empery Digital提出了九名董事候选人。
His fund holds 4.5 million Empery Digital shares. That was 14.7% of the company in March, and a larger slice now that Empery’s own buybacks have decreased the size of the float.
他的基金持有450万股Empery Digital股票。这占公司3月份股份的14.7%，而由于Empery自身的回购减少了流通股数量，现在这一比例更大。
Empery announced on March 27 that ATG’s slate of directors and a separate self-nomination from shareholder Tice P. Brown were both “invalid and misleading” under its corporate bylaws.
Empery于3月27日宣布，根据其公司章程，ATG的董事名单以及股东Tice P. Brown的单独自荐均“无效且具有误导性”。
Absent a “valid court order,” the company claimed, “any votes or ballots cast for any of ATG Capital’s purported nominees will be void and of no force or effect.”
公司声称，除非有“有效的法院命令”，否则“为ATG Capital任何所谓提名人投出的任何选票或投票都将无效且不具任何效力。”
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