Treasury Strategy
Whether and why a company should hold Bitcoin on its balance sheet.
Foundational questions
- Should a company hold Bitcoin?In preparation
BTC Tools · Treasury
Corporate Bitcoin treasury strategy and analysis
For CFOs, treasurers, boards and analysts of Bitcoin treasury companies. This hub covers the full decision chain: setting an allocation policy, understanding how mNAV premiums and BTC Yield are created, financing purchases with equity or debt, surviving deep drawdowns without forced selling, and the governance practices boards should expect. The comparison tool puts MSTR, Metaplanet and other leading holders side by side so the metrics can be checked against real companies.
Key tools
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Allocation
Sizing a corporate position to policy limits, liquidity and covenants.
Foundational questions
- How much Bitcoin should a company own?In preparation
Calculators & stress tests
Advanced analysis
- How much drawdown can a Bitcoin treasury survive?In preparation
Related research
Valuation
mNAV, premiums and BTC Yield: how the market prices treasury companies.
Foundational questions
- What is mNAV?In preparation
- What is BTC Yield?
Calculators & stress tests
Advanced analysis
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Capital Structure
Equity, convertibles and preferreds, and the dilution and refinancing risk they carry.
Foundational questions
Calculators & stress tests
Comparisons
Advanced analysis
Related research
Risk
Drawdowns, forced selling, premium collapse and quantum exposure.
Foundational questions
- What are the risks of a Bitcoin treasury?In preparation
- How much drawdown can a Bitcoin treasury survive?In preparation
Calculators & stress tests
Advanced analysis
Related research
Governance
Custody, disclosure and conflict controls that separate durable treasuries from fragile ones.
Foundational questions
- What does good Bitcoin treasury governance look like?In preparation
Calculators & stress tests
Comparisons
Advanced analysis
Related research
Treasury Companies
Strategy, Metaplanet and other public holders, side by side.
Foundational questions
- What is mNAV?In preparation
Calculators & stress tests
Comparisons
Related research
Board Oversight
What directors should approve, monitor and stress-test.
Foundational questions
- How should a board oversee a Bitcoin treasury?In preparation
Calculators & stress tests
Advanced analysis
Related research
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