Corporate Treasury
A company that adopts Bitcoin as a primary or significant balance-sheet asset.
Definition
A Bitcoin Treasury Company is a company that has adopted Bitcoin as the primary reserve asset of its treasury, sometimes complementing or replacing cash and traditional bonds. The model was pioneered by MicroStrategy (now Strategy) in August 2020 and has been replicated by dozens of companies worldwide. Pure-play treasuries (such as Strategy or Metaplanet) build their entire value proposition around accumulating BTC. Other companies (Tesla, Block) hold BTC as a diversified component of their balance sheet.
In Context
As of 2025, more than 50 publicly listed companies hold Bitcoin on their balance sheets.
Mentioned in
- NewsStrategy hits five weeks without buying Bitcoin and lifts its dollar reserve to $3.75 billion
- NewsCorporate treasuries pass 1.28 million BTC and post their biggest buying quarter
- BlogCan a Bitcoin treasury company be forced to sell? Strategy's 2026 pivot
- NewsBitcoin Standard Treasury (BSTR), Adam Back's treasury, enters the global top ranks before it even trades
- BlogSTRC vs SATA: which Bitcoin preferred pays more — and which held up better? (July 2026)
- BlogBitcoin preferred stocks: what they are, how they work and who issues them (2026 guide)
- BlogWho custodies institutional Bitcoin? Coinbase, Fidelity, BitGo, Anchorage and Gemini, compared (2026)
- BlogHow to start a Bitcoin treasury at your company (2026): a step-by-step guide
- NewsTreasuries buy the dip: record corporate accumulation with Bitcoin at half its all-time high
- BlogHow to buy Bitcoin for a company: a treasury execution guide (2026)
Explore more on SatsIntel
From the concept to the real dataTreasuries directory
Companies applying this concept on their balance sheets. Holdings, mNAV and live ranking.
Ver sección →mNAV calculator
Check whether a treasury trades at a premium or discount to the Bitcoin on its balance sheet.
Ver sección →Treasury stress test
What happens to each company's balance sheet and debt under a -50% or -80% drawdown.
Ver sección →More glossary terms
60 definitions from the corporate Bitcoin ecosystem: protocol, metrics, regulation.
Ver sección →Read this term in Spanish: versión en español →
Corporate Bitcoin, explained every week
Definitions, data and analysis on treasuries, ETFs and preferreds in your inbox. No spam.