WLFI: Treasury Net Flows (Companies)

Included with Plus.

The change in the WLFI held by the companies we cover, on each figure's date.

Why use it. Net buying or selling by company treasuries: positive values are coins added, negative coins sold or spent. How to read it. Each bar is the sum of the changes between companies' consecutive figures dated that day, so a quarter's buying shows on its period end. A company's first figure is not counted as a flow, because filings rarely say when coins held before were bought; an acquired company's coins leave its line and re-enter in its acquirer's next figure.

Calculation. Change of each company's figure from its previous figure, summed over the companies in the totals. Source: the companies' own filings with the US SEC (EDGAR): their 10-K and 10-Q reports and the 8-K announcements in which they state their holdings, or a foreign company's 20-F, 40-F and 6-K, read by CryptoKeyhole every hour since January 2025, when these treasuries began. The companies include AI Financial (ALT5 Sigma); each company's figures are in the breakdown by company. WLFI a company has staked count where its filing counts them in WLFI; liquid-staking tokens count only where the filing's own figure includes them. Values use CryptoKeyhole's own hourly WLFI/USD index from public exchange candles. Each company's figure is the number of WLFI it reports holding for its own account in its SEC filings: its quarterly and annual reports (10-Q and 10-K, or a foreign company's 20-F or 40-F, from their XBRL data or, where the data lack it, the report's own sentence), and, for companies that announce their holdings by 8-K or, for foreign companies, 6-K (press releases and monthly updates), those announcements when they state the number. A figure counts from the date it refers to (a report's period end, or the date an announcement gives) until the company's next figure; the filing date is kept separately and is later, often by weeks. A quarterly figure is checked against the fair value the same filing reports, valued at our own price for that day, and is left out where they disagree. Where a company counts coins it has lent or posted as collateral in its holdings, so does its figure here; coins held for customers are not counted. Limitations: filings lag the holdings they report, so recent purchases appear only once filed, and holdings between figures are not known (8-K announcements fill some of the gaps, only when they state the number). Only companies that file their reports with the US SEC are covered (10-K and 10-Q, or 20-F, 40-F and 6-K for foreign companies): companies listed elsewhere that do not file with the SEC, private companies, funds and ETFs are not included. A company enters the totals at its first filed figure, which can be years after it first bought WLFI when its earlier reports gave only dollar amounts.