Mountain Protocol has signed a definitive agreement to be acquired by Anchorage Digital, aiming to enhance stablecoin offerings amid increasing institutional demand. As part of the acquisition, Mountain USD (USDM) will undergo a wind-down process, with minting disabled by May 12, 2025, while ensuring a smooth transition for USDM holders. Both companies plan to leverage their strengths to support the growing global adoption of stablecoins.

Bitcoin held by public companies has exceeded 1 million BTC, driven by rising interest in the cryptocurrency's price growth. Companies like Mara Holdings, Metaplanet, and GameStop are among those accumulating BTC, with expectations that more firms will adopt digital asset treasury strategies in the future.