Treasuries Weekly — November 28, 2025: 69,822 ETH from 1 entity

Section 01 The Week

BitMine Immersion Technologies (BMNR) acquired 69,822 ETH for $206.2 million on November 24th, the sole purchase this week and the largest acquisition by USD value across all three assets. The Ethereum transaction occurred at $2,953 per token. No new corporate stackers entered the market, and no BTC or SOL purchases were filed. Strategy (MSTR) remains the largest individual holder at 818,334 BTC; the iShares Bitcoin Trust (IBIT) follows at 811,982 BTC, with the two spot-ETF heavyweights now separated by only 6,352 BTC.

Filings Recent Purchases

Company	Amount	USD	Date
BitMine Immersion Technologies (BMNR)	69,822 ETH	$206.2M	Nov 24

Section 02 Notable Filings

BitMine Immersion Technologies did not file an 8-K or 8-A disclosing the 69,822 ETH acquisition in the data bundle; the purchase is visible in on-chain settlement but lacks SEC documentation. Readers tracking corporate treasury policy should monitor BMNR's next regulatory filing for retrospective disclosure or commentary on the holding's strategic purpose. No new BTC or SOL stackers filed this week.

Leaderboard Top Five

#	Company	Holdings	Value
1	Strategy (MSTR)	818,334 BTC	$64.5B
2	BlackRock iShares Bitcoin Trust (IBIT)	811,982 BTC	$64.0B
3	United States (GOV-US)	328,372 BTC	$25.9B
4	China (GOV-CN)	194,000 BTC	$15.3B
5	Fidelity Wise Origin Bitcoin Fund (FBTC)	187,975 BTC	$14.8B

Section 03 One Chart

Entity	Share of top-five concentration	Holdings
Strategy (MSTR)		818,334 BTC
BlackRock iShares Bitcoin Trust (IBIT)		811,982 BTC
United States (GOV-US)		328,372 BTC
China (GOV-CN)		194,000 BTC
Fidelity Wise Origin Bitcoin Fund (FBTC)		187,975 BTC

Ethereum purchases remain episodic compared to Bitcoin's steady institutional flow. The single $206 million ETH transaction this week, while material in absolute terms, underscores why BTC dominates corporate-treasury headlines: Strategy and the two largest spot ETFs together hold 1.68 million BTC, dwarfing meaningful ETH and SOL balance-sheet deployment across the public-company cohort.

You're reading Treasuries Weekly — a briefing on corporate BTC, ETH, and SOL balance-sheet adoption from CorpStacking.
Editorial is not investment advice. Data sourced from SEC EDGAR, CoinGecko, and primary corporate filings.

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