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Dec 5 – Dec 11, 2025 · 2 new stackers
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Treasury activity this week
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15,635 BTC |
$1.4B
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6,854,000 SOL |
$1.6B
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| Combined this week |
$3.0B
· 6 entities
118× last week
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| Last week: $25.5M · 3 entities |
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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
Forward Industries (FWDI) entered the treasury market this week with 6,822,000 SOL ($1.6B), the largest single purchase across all assets, marking the first time a major corporate stacker committed to Solana over Bitcoin or Ethereum. Strategy (MSTR) added 10,624 BTC ($963.0M) on December 8th, while ProCap Financial (BRR) emerged as a new BTC accumulator with 5,000 BTC ($521.2M) across two tranches. Total weekly activity reached $3.0B across six companies. Satsuma Technology (SATS.LSE) reduced holdings by 579 BTC ($53.2M) this week—a modest trim in an otherwise accumulation-heavy period.
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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
Forward Industries announced its Solana treasury strategy on December 11th, commencing with 6,854,000 SOL across two tranches (the larger lot priced at $232.08 per SOL). ProCap Financial filed its 8-K detailing dual BTC purchases totaling 4,951 BTC at an average of $104,333.56. Strategy's 10,624 BTC acquisition on December 8th at $90,615.12 per token underscores the continued cadence of large corporate buys during periods of elevated volatility. Satsuma Technology's filing cited proposed board changes alongside the BTC disposition, signaling a strategic reassessment rather than distress selling.
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First-time filings
New Stackers
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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
5 entities
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$1.4B
47.5%
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SOL
1 entity
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$1.6B
52.5%
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SOL treasury adoption now mirrors early Ethereum adoption curves: Forward Industries' $1.6B Solana position exceeds BTC weekly total by $170M despite deploying only a single new stacker. The cohort's two new entrants—Forward on SOL, ProCap on BTC—arrived at a 50-50 split by company count but 65-35 by USD volume in Solana's favor. If SOL continues attracting treasury capital at this rate, the three-asset framing shifts from BTC-dominant to genuinely multi-chain.
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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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© 2026 J & M Sorce Holdings, LLC, d/b/a CorpStacking.
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