According to the source, MicroStrategy’s August 11, 2020 Form 8-K made BTC a formal corporate treasury reserve template, directly linking balance-sheet policy to crypto market liquidity and flows. Source: MicroStrategy Form 8-K, Aug 11, 2020. A confirmed ETH precedent exists: Hong Kong–listed Meitu disclosed ETH and BTC purchases for its treasury in March and April 2021, validating non-BTC corporate crypto reserves. Source: Meitu HKEX announcements, Mar 7, 2021; Apr 8, 2021. Accounting tailwinds are material: FASB’s 2023 update requires fair value accounting for crypto beginning in fiscal years starting after Dec 15, 2024, lowering P&L distortion for corporates considering BTC or ETH. Source: FASB ASU 2023-08. U.S. spot ETH ETFs launched in July 2024, improving access, custody options, and price discovery that corporates and institutions can reference for treasury governance. Source: SEC approval orders (May 2024) and exchange listing notices (July 2024). As of October 2024, there is no verifiable wave of SOL treasuries among public companies; traders should treat SOL-treasury headlines as unconfirmed catalysts until disclosed via EDGAR or HKEX. Source: SEC EDGAR and HKEX issuer filings as of Oct 2024.

According to @rovercrc, BlackRock just bought $114.4M worth of Bitcoin, posted on X on August 16, 2025 (source: @rovercrc on X). The provided source does not include corroborating documentation such as an SEC filing, an ETF creation basket report, or on-chain transaction evidence, so traders should seek confirmation before acting (source: @rovercrc on X). For verification, check iShares Bitcoin Trust (IBIT) daily creations/redemptions and fund flow updates on BlackRock’s official iShares website and any related press releases from BlackRock (source: BlackRock iShares IBIT website; source: BlackRock Press Room). Traders can also review recent filings on SEC EDGAR and compare with reported IBIT net flows to validate any large purchase attributed to BlackRock (source: SEC EDGAR; source: BlackRock iShares IBIT website). While awaiting confirmation, monitor BTC spot price, perpetual funding rates, and open interest for knee-jerk volatility commonly seen around large-buy headlines to manage execution slippage and risk (source: Binance Futures funding rate documentation; source: CME Group Bitcoin futures market data resources).

According to @nic__carter, a Q1 13F filing he shared shows an interesting portfolio for an unnamed investor via a link and image on X dated Aug 10, 2025, which traders should verify directly before acting. source: @nic__carter on X, Aug 10, 2025. Traders should pull the referenced Q1 13F on the U.S. SEC EDGAR system to confirm the exact holdings, position sizes, and any crypto-linked equities, noting that 13F reports disclose end-of-quarter long U.S. equity positions and are due within 45 days after quarter-end. source: U.S. SEC Form 13F rules and EDGAR. If the filing includes crypto-beta exposure, potential impacts would center on liquidity and sentiment in Coinbase (COIN), MicroStrategy (MSTR), or Bitcoin miner equities, but these implications must be validated against the actual positions in the filed 13F. source: U.S. SEC Form 13F methodology; @nic__carter on X, Aug 10, 2025.