Treasuries Weekly — January 2, 2026: 12,934 BTC · 46,405 ETH · 286,721 SOL from 11 entities

Section 01 The Week

Eleven companies deployed $938.8 million across Bitcoin, Ethereum, and Solana treasuries in the week ending January 2nd. Metaplanet (TYO:3350) led with a $447.9 million BTC purchase of 4,279 BTC, followed by Galaxy Digital (GLXY) acquiring 7,323 BTC for $195.4 million. BitMine Immersion Technologies (BMNR) stacked 44,463 ETH valued at $130.5 million. The BTC cohort accounted for $763.1 million across four distinct filers; ETH and SOL showed narrower participation but meaningful scale, with 46,405 ETH and 286,721 SOL acquired across seven companies. Galaxy Digital entered the BTC holder registry this week with an 18,400 BTC position.

Filings Recent Purchases

Company	Amount	USD	Date
GameSquare Holdings (GAME)	1,290 ETH	$3.8M	Dec 31
Forward Industries (FWDI)	51,933 SOL	$6.5M	Dec 31
Sharps Technology (STSS)	80,003 SOL	$13.7M	Dec 31
BTCS Inc (BTCS)	647 ETH	$1.9M	Dec 31
Fundamental Global (FGNX)	5 ETH	$14.8K	Dec 31
Block (XYZ)	103 BTC	$10.8M	Dec 31
Upexi Inc (UPXI)	154,785 SOL	$19.3M	Dec 31
Galaxy Digital (GLXY)	7,323 BTC	$195.4M	Dec 31
Metaplanet (TYO:3350)	4,279 BTC	$447.9M	Dec 29
Strategy (MSTR)	1,229 BTC	$109.0M	Dec 29

Section 02 Notable Filings

Strategy (MSTR) acquired 1,229 BTC for $109 million, per an SEC filing dated November 17th. BitMine Immersion Technologies' 44,463 ETH position represents the largest single ETH purchase in the cohort this week. No formal 8-K or 10-K filings accompanied Metaplanet's $447.9 million BTC acquisition or Galaxy Digital's entry into the corporate stacker ranks; both were disclosed via press release. GameSquare Holdings (GAME) added 1,290 ETH, while Forward Industries (FWDI) and Sharps Technology (STSS) combined for 131,936 SOL across two separate year-end transactions.

First-time filings New Stackers

Company	Now holding
Galaxy Digital (GLXY)	18,400 BTC

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

The top ten BTC holders remain dominated by ETF vehicles and public companies. Strategy holds 818,334 BTC, while iShares and Fidelity Wise trusts together control roughly 1 million BTC. Governments—the U.S. with 328,372 BTC and China with 194,000 BTC—rank third and fourth by holdings but remain smaller than either of the two leading corporate treasuries. This structure reflects the concentration of balance-sheet adoption among a narrow set of mega-cap players and passive investment vehicles.

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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