PANews reported on March 10 that, according to Cryptopolitan, Nasdaq-listed Bitcoin treasury company Empire Digital sold 102 bitcoins last week at $71,636 each, generating approximately $7.3 million in proceeds, which will be used for cash reserves and stock buybacks.

This move comes as activist shareholders ATG Capital and Tice P. Brown submit their board nominations, expressing dissatisfaction with the current management. Empery had previously repurchased over 20 million shares using funds from a Bitcoin sale and stated its intention to reduce its Bitcoin holdings as needed to fund future buybacks.