Weekly Crypto Treasury Snapshot 

This series provides a concise overview of digital asset treasury companies (#DAT), highlighting key moves across BTC, ETH, and SOL, and covering major news shaping the market.

This newsletter is powered by my Crypto Treasury Tracker — an intelligence platform for benchmarking DATs.

Digital Asset Treasury Market Overview

Crypto Treasury Tracker

Digital asset treasury companies (DATs) saw continued growth last week, with total holdings rising to $242.1B, a +2.1% weekly gain and +70.9% year to date (YTD).

• Market dominance: 89.1% BTC, 9.9% ETH, 0.8% SOL

• Weekly inflows: +3,200 BTC, +351,200 ETH, +11,500 SOL

• % of circulating supply: 9.17% BTC, 4.13% ETH, 1.26% SOL

While BTC inflows cooled slightly, a significant surge in ETH purchases and major announcements from traditional finance underscore a maturing market focus on infrastructure and broader integration.

Biggest Movers

🟠 Bitcoin

• Strategy Inc. +1,210 BTC → 639,670

• Oracle Corp. (new entrant) +950 BTC → 950

• Nexo +550 BTC → 18,550

⚫ Ethereum

• Grayscale Ethereum Trust +351,200 ETH → 3.55M

🟣 Solana

• Framework Ventures +11,500 SOL → 1.5M

News & Announcements

Several key announcements signal a deepening integration of digital assets into institutional and corporate strategies:

• BlackRock files an SEC amendment to allow its Global Allocation Fund ($17.8B AUM) to gain exposure to Bitcoin, a landmark move for traditional finance.

• Grayscale Investments reopens its Ethereum Trust to accredited investors after a six-month hiatus, driving the week’s largest ETH treasury inflow.

• Arbitrum DAO approves a governance proposal to diversify $50M of its treasury into tokenized real-world assets (RWAs), focusing on U.S. Treasury yields.

• Square Enix (TYO: 9684), the Japanese gaming giant, officially confirms its initial 5,000 ETH treasury allocation, aiming to explore on-chain gaming integrations.

• Coinbase Institutional launches a dedicated treasury staking service, allowing corporate clients to earn yield on their ETH and SOL holdings directly from segregated custody.

Outlook

This week marks a clear shift from pure accumulation to strategic integration. While Strategy Inc. continues its steady Bitcoin acquisitions, the headline news comes from traditional finance and crypto-native infrastructure. BlackRock’s filing, though pending approval, represents the most significant institutional validation of Bitcoin as a macro asset this year.

Simultaneously, the reopening of Grayscale’s Ethereum Trust and Coinbase’s new institutional staking product show that the infrastructure for corporate treasuries to not just hold, but use, their assets is rapidly maturing. The market is evolving past a simple “buy and hold” mentality toward a more sophisticated phase of yield generation, diversification (Arbitrum’s RWA move), and strategic corporate use cases (Square Enix). These foundational shifts suggest a more resilient and integrated future for digital asset treasuries.

→ Explore live data on the Crypto Treasury Tracker and their blogposts.