Treasuries Weekly — February 13, 2026: 3,950 BTC from 4 entities

Section 01 The Week

Four companies purchased 3,950 BTC ($276.3M) this week, anchored by Sequans Communications' 1,617 BTC ($111.3M) acquisition on February 10th at $68,807 per coin — the largest dollar-value buy of the period. Strategy added 1,142 BTC ($90M) on February 8th; Coinbase followed with 841 BTC ($75M) on February 12th. Empery Digital (formerly Volcon) acquired 350 BTC on the 10th via 8-K filing. No new corporate stackers entered the cohort this week, and no meaningful disposals occurred. BTC moved down 1.28 percent over the seven-day span, closing at $80,563.

Filings Recent Purchases

Company	Amount	USD	Date
Sequans Communications S.A. (SQNS)	1,617 BTC	$111.3M	Feb 10
Strategy (MSTR)	1,142 BTC	$90.0M	Feb 8
Coinbase (COIN)	841 BTC	$75.0M	Feb 12
Empery Digital (Formerly: Volcon) (EMPD)	350 BTC	$0.00	Feb 10

Section 02 Notable Filings

Strategy's 8-K (filed February 5th, reporting January 5th activity) disclosed the 1,142 BTC purchase for $90M aggregate consideration. Coinbase's year-end 10-K (filed February 12th) reported the 841 BTC buy executed the same day at $75M. Empery's 8-K (filed February 10th) announced 350 BTC acquired, though pricing detail is absent from the bundle. Sequans' purchase lacks a formal SEC filing reference in the data, suggesting it may have been disclosed via press release or subsequent filing rather than a dedicated 8-K.

Leaderboard Top Five

#	Company	Holdings	Value
1	BlackRock iShares Bitcoin Trust (IBIT)	821,513 BTC	$66.2B
2	Strategy (MSTR)	818,334 BTC	$65.9B
3	United States (GOV-US)	328,372 BTC	$26.5B
4	China (GOV-CN)	194,000 BTC	$15.6B
5	Fidelity Wise Origin Bitcoin Fund (FBTC)	190,330 BTC	$15.3B

Section 03 One Chart

Entity	Share of top-five concentration	Holdings
BlackRock iShares Bitcoin Trust (IBIT)		821,513 BTC
Strategy (MSTR)		818,334 BTC
United States (GOV-US)		328,372 BTC
China (GOV-CN)		194,000 BTC
Fidelity Wise Origin Bitcoin Fund (FBTC)		190,330 BTC

The cohort's top five BTC holders remain dominated by spot-ETF vehicles and governments: BlackRock's iShares Bitcoin Trust holds 821,513 BTC, Strategy holds 818,334 BTC, and the U.S. government holds 328,372 BTC. These three entities represent roughly 40 percent of the tracked treasury base. Corporate stackers outside Strategy account for a rounding error by comparison — Coinbase's 841 BTC purchase this week adds less than 0.1 percent to the collective household.

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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