Bitcoin Treasury Policy

Definition

A Bitcoin treasury policy is the internal framework — typically approved by the board of directors — that governs how a company incorporates and manages Bitcoin on its balance sheet. It is the document a CFO needs before executing the first purchase, because it turns a one-off decision into a governed, auditable strategy.

A complete policy usually defines: the allocation target (what percentage of the treasury goes to BTC), the acquisition cadence (for example, periodic DCA-style purchases versus opportunistic buys), the custody model (institutional provider, multi-sig, segregation), the accounting and reporting treatment (fair value under ASC 350-60, market disclosure), risk limits, and internal governance (who authorizes, under what controls). It is the Bitcoin equivalent of the investment policy every corporate treasury already applies to its cash. This is an educational concept, not an advisory template: each company should design its own with its advisors.

In Context