Treasuries
Digital asset treasuries purchased 18,700 BTC in November even as Bitcoin slid 15.62% from $103,000 to $86,000, bringing total treasury holdings to 1.86 million BTC.
Upexi authorized a $50 million share buyback after its stock plunged 47% and holds roughly 2 million SOL on the balance sheet. Institutional Solana treasuries have largely maintained positions even as many crypto-backed stocks trade below their Solana-backed net asset value.
Figure will launch $YLDS, a public debt security on Solana that backs yields with US Treasuries. The product aims to bridge traditional fixed income with DeFi rails and could draw institutional interest.
By October 2025, over 200 US public companies have adopted Digital Asset Treasury (DAT) strategies, primarily focusing on Bitcoin, holding an estimated $115 billion collectively. The DAT market cap surged to $150 billion, driven by diverse investment tools and institutional interest amid regulatory clarity and macroeconomic challenges.