Treasuries Weekly — December 5, 2025: 151 BTC · 96,798 ETH · 124 SOL from 4 entities

Section 01 The Week

BitMine Immersion Technologies (BMNR) acquired 96,798 ETH for $289.7 million on November 30th, dominating weekly flows and marking the largest single treasury purchase across all three assets. Strategy (MSTR) added 130 BTC for $11.7 million via 8-K filing the same day, while CleanSpark (CLSK) picked up 21 BTC for $1.9 million on December 3rd. SOL Strategies Inc (HODL.CN) took a smaller position of 124 SOL for $16,553. Four distinct companies filed this week; no new corporate stackers entered the cohort.

Filings Recent Purchases

Company	Amount	USD	Date
CleanSpark (CLSK)	21 BTC	$1.9M	Dec 3
BitMine Immersion Technologies (BMNR)	96,798 ETH	$289.7M	Nov 30
SOL Strategies Inc (HODL.CN)	124 SOL	$16.6K	Nov 30
Strategy (MSTR)	130 BTC	$11.7M	Nov 30

Section 02 Notable Filings

Strategy's 8-K (SEC accession available via edgar/data/1050446) discloses the 130 BTC purchase at $89,960 per unit. BitMine's 96,798 ETH acquisition at $2,992.33 per unit represents an unusual concentration of ethereum buying among public entities and stands as this week's largest transaction by dollar value. The ethereum position alone exceeds the entire BTC and SOL weekly intake combined, suggesting a deliberate treasury reallocation or corporate capital deployment distinct from the bitcoin-dominated cohort trend.

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's 96,798 ETH purchase compressed 95 percent of this week's $303.3 million in total flows into a single filer. Meanwhile, bitcoin acquisitions (151 BTC across two companies) and SOL (124 SOL) combined represent only 5 percent of weekly treasury spending. This imbalance reflects ethereum's recent adoption among corporate treasuries outside the traditional bitcoin-first narrative and suggests the cohort is diversifying asset composition beyond bitcoin spot-ETF momentum.

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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