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Nov 28 – Dec 4, 2025
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Treasury activity this week
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1,441 BTC |
$25.5M
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| Combined this week |
$25.5M
· 3 entities
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| Last week: $0.00 · 1 entity |
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| Market |
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BTC |
$65.6K+6.4% 7d |
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F&G 23 · Extreme Fear |
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ETH |
$1.8K+8.7% 7d |
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F&G 49 · Neutral |
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SOL |
$74+13.3% 7d |
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F&G 52 · Neutral |
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The big picture
The Week
Canaan (CAN) posted the week's largest purchase at 148 BTC ($13.5M), though the headline belongs to BitMine Immersion Technologies (BMNR), which disclosed a total ETH position of 3,726,499 ETH — up 96,798 ETH ($270.9M) since its last disclosure. Three companies bought 1,441 BTC ($25.5M) this week across BTC alone; no new stackers entered the cohort. Cango (CANG) contributed 617 BTC and 547 BTC in two tranches, reported as mining output rather than acquisitions.
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Filings
Recent Purchases
~ Estimated value — the filing disclosed how many coins changed hands but no dollar figure, so we value it at the market price.
See filings as they land →
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Worth reading
Notable Filings
Canaan's 148 BTC ($13.5M) buy is the week's largest discrete transaction by USD value. Cango filed two production updates (November 30 and December 2) disclosing 1,164 BTC mined across the two periods — the combined volume exceeds Canaan's purchase, but Cango's filings carry no acquisition cost, reflecting operational output. BitMine's ETH disclosure is cumulative and multi-period; the $270.9M figure marks appreciation and additional positioning since the prior disclosure, not this week's outlay.
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Period-end balances
Disclosed This Week
These companies revealed their total balance-sheet position in a filing this week. The change shown is cumulative since each company's last disclosure — a multi-quarter figure, not a purchase made this week.
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Leaderboard
Top Five
The largest tracked holders overall — companies, funds, and governments — ranked by total position, not by this week's activity.
Full leaderboard →
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The breakdown
This Week by Asset
| Asset |
This week's activity |
Net USD · share |
 BTC
3 entities
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$25.5M
100.0%
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BTC treasury activity remains confined to miners and one repeat buyer: Canaan and Cango account for 1,164 BTC (81% of the week's volume), while Strategy added 130 BTC for $12.0M. No corporate treasurer made a BTC purchase this week outside mining operations. The ETH story diverges sharply — BMNR's disclosed position of 3.7M ETH dwarfs any single-week BTC tally on USD value, signaling concentrated Ethereum adoption among a smaller set of treasuries.
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Unlock the full picture
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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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