Treasuries Weekly — February 13, 2026: net -4,186 BTC · net -1,881,000 SOL across 8 entities

The big picture The Week

Strategy (MSTR) bought 1,142 BTC ($90.0M), the week's dominant purchase, while two other BTC holders exited larger positions: Ming Shing Group sold 833 BTC ($58.4M) and Cango liquidated 4,161 BTC (price not disclosed). Forward Industries exited its entire 1,881,000 SOL position, marking the week's only Solana activity. Net BTC filings across seven companies totaled -4,186 BTC ($9.2M) — a net reduction despite Strategy's substantial buy, a dynamic driven entirely by the three large exits. No new corporate stackers entered this week.

Filings Recent Purchases

Company	Amount	USD	Date
Cango (CANG) Sale	↓ 4,161 BTC	~$273.0M	Feb 10
Forward Industries (FWDI) Sale	↓ 1,881,000 SOL	~$138.3M	Feb 12
Strategy (MSTR)	1,142 BTC	$90.0M	Feb 9
Ming Shing Group Holdings Limited (MSW) (MSW) Sale	↓ 833 BTC	~$58.4M	Feb 9
Empery Digital (EMPD) Sale	↓ 358 BTC	$24.0M	Feb 9
The Smarter Web Company PLC (SWC.L)	15 BTC	$1.1M	Feb 11
H100 Group (H100)	4.34 BTC	$506.8K	Feb 6
Capital B (ALCPB.PA)	5 BTC	~$328.1K	Feb 9

~ 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 →

Worth reading Notable Filings

Strategy disclosed a purchase of 1,142 BTC at an average $78,815 per coin on February 9th. BitMine Immersion Technologies (BMNR) disclosed a cumulative 4,325,738 ETH position, up 40,613 ETH since its last disclosure ($85.4M in cumulative gains). Sequans Communications (SQNS) disclosed 2,139 BTC, representing 125 BTC added since last disclosure ($8.6M). Genius Group (GNS) disclosed 84 BTC, up 96 BTC cumulatively ($7.0M). Empery Digital (EMPD) filed with the SEC disclosing a 358 BTC sale ($24.0M) on February 9th.

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.

Company	Total now disclosed
BitMine Immersion Technologies (BMNR) +40,613 ETH ($85.4M) since last disclosure	4,325,738 ETH
Sequans Communications S.A. (SQNS) +125 BTC ($8.6M) since last disclosure	2,139 BTC
Genius Group (GNS) +96 BTC ($7.0M) since last disclosure	84 BTC

Leaderboard Top Five

The largest tracked holders overall — companies, funds, and governments — ranked by total position, not by this week's activity.

#	Company	Holdings	Value
1	Strategy (MSTR)	846,843 BTC	$55.6B
2	BlackRock iShares Bitcoin Trust (IBIT)	766,163 BTC	$50.3B
3	United States (GOV-US)	328,372 BTC	$21.5B
4	Fidelity Wise Origin Bitcoin Fund (FBTC)	179,735 BTC	$11.8B
5	Grayscale Bitcoin Trust (GBTC)	140,665 BTC	$9.2B

Full leaderboard →

The breakdown This Week by Asset

Asset	This week's activity	Net USD · share
BTC 7 entities		$9.2M 100.0%
SOL 1 entity		Value pending 0.0%

This week's aggregate went negative (net -4,186 BTC inflow) not because strategic buyers paused, but because three holders — Ming Shing, Cango, and Forward Industries — sold or exited combined positions worth roughly $82.4M in disclosed USD. The BTC cohort's seven distinct filers this week split 3–4 between accumulation and reduction, suggesting treasuries remain bifurcated in conviction at elevated price levels and extreme fear sentiment.

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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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