ATG Capital Launches Proxy Fight at Empery Digital to Narrow NAV Discount

Key Facts

1Empery Digital trades at a 40% discount to its Net Asset Value, which consists primarily of cash and Bitcoin.

2ATG Capital is seeking four board seats through an activist-led proxy fight.

ATG Capital is seeking four board seats at Empery Digital Inc through an activist-led proxy fight. Seeking Alpha reported that the company's shares are trading at a 40% discount to its Net Asset Value (NAV), which is primarily comprised of cash and Bitcoin holdings.

EMPD closed at $2.89 on September 25, 2026, as activist pressure mounts to close the valuation gap or return capital to shareholders. The push follows governance disputes and management's strategic pivot toward a data center strategy, which activists claim has eroded market value relative to the firm's underlying assets.