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Dec 19 – Dec 25, 2025
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Treasury activity this week
 |
32 BTC |
$2.9M
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 |
-24,291 ETH |
-$74.5M
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| Combined this week |
-$71.6M
· 2 entities
flipped to net selling
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| Last week: $4.8B · 4 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 50 · Neutral |
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SOL |
$74+13.3% 7d |
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F&G 53 · Neutral |
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The big picture
The Week
Forum Markets (FRMM) reduced ETH holdings by 24,291 ETH ($74.5M), the week's dominant move, while Vanadi Coffee (VANA) acquired 32 BTC ($2.9M) in a modest offsetting purchase. Net treasury activity across tracked companies swung -$71.6M in USD value — a sharp reversal driven by a single ETH exit during Extreme Fear sentiment. The week's two-company cohort marks a dramatic narrowing of filing velocity.
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Filings
Recent Purchases
See filings as they land →
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Worth reading
Notable Filings
BitMine Immersion Technologies (BMNR) disclosed a total ETH position of 4,066,062 ETH, up 98,852 ETH ($297.3M) since its last disclosure — a multi-period accumulation that dwarfs the week's discrete trades. Vanadi Coffee filed its BTC purchase via a Spanish regulatory notice (OtraInfRelev). Forum Markets' ETH disposal carried no SEC filing; the company's rationale remains unstated. The absence of new corporate stackers this week continues a trend of consolidation among active filers.
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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
1 entity
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$2.9M
3.7%
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ETH
1 entity
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-$74.5M
96.3%
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FRMM's $74.5M ETH reduction stands as the largest directional move this week by USD value, yet it marks an outlier rather than a cohort shift — Vanadi's BTC buy and BMNR's disclosed cumulative ETH growth both push toward continued multi-asset treasury positioning. Weekly filing count (two companies) remains depressed relative to autumn volume, suggesting holiday-season quiet rather than demand withdrawal.
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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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