Bitcoin Treasury Pressure Mounts as Stablecoins Gain Strength

Public companies holding Bitcoin on their balance sheets are facing increased scrutiny from activist investors following months of digital asset price declines. Notably, a nearly 10% shareholder of Empery Digital is demanding the sale of its 4,081 BTC holdings and leadership resignations, arguing the strategy has failed to maximize shareholder value. In contrast, the stablecoin market shows resilience; Circle reported a stronger-than-expected fourth quarter with USDC supply growing 72% to $75.3 billion, leading to a significant stock rally. Meanwhile, legacy payments giant PayPal is reportedly attracting preliminary takeover interest after a steep stock decline, despite its expansion into digital assets, including its own stablecoin.

(Source：Cointelegraph)