Document Library

Governance Document Library

Frameworks, blueprints, and case studies for institutional Bitcoin treasury governance. All public documents are available without registration.

Governance Publications

Core governance references for board-level treasury oversight.

Governance Blueprint

Treasury v2 Governance Blueprint

The definitive governance framework for institutional Bitcoin treasury operations. Board-level oversight structures, fiduciary compliance, risk management protocols, and capital structure resilience strategies.

White Paper

Surviving Bitcoin Drawdowns

Risk management frameworks for corporate treasurers navigating Bitcoin volatility — governance strategies, board communication, and position management during corrections.

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Strategy Guide

CFO Playbook — Bitcoin Treasury Strategy

A practical guide for CFOs building board-ready Bitcoin treasury proposals. Covers pitch decks, governance checklists, custody policy templates, and FASB accounting FAQs.

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Framework Published Standards

Approved for production adoption. These specifications define the Treasury v2 operating system.

Published

RARTA Framework v1.3

Risk-Aligned Return Threshold Approach. Systematic methodology for allocation decisions within board-approved parameters.

Published

SRF Framework v1.2

Stress Response Framework. Pre-committed, tiered response protocols that activate based on objective triggers during market stress.

Published

BEOL Framework v1.1

Bitcoin Economic Optimization Logic. Constraint-aware optimization for custody, tax-lot management, impairment accounting, and liquidity deployment.

Case Studies

Institutional Bitcoin treasury decisions examined through RARTA, SRF, and BEOL methodology.

RARTA
SRF

Strategy (MicroStrategy)

Aggressive accumulation, impairment accounting, and board-level conviction governance.

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RARTA
SRF

Tesla Inc.

Partial allocation and liquidation — threshold band dynamics without pre-committed protocols.

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RARTA
BEOL

Square (Block)

Conservative allocation within defined policy limits and operational optimization.

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SRF

El Salvador

Sovereign-level treasury under persistent drawdown — stress response without formal SRF.

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BEOL

U.S. Government

Institutional-scale custody and accounting considerations for sovereign holdings.

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BEOL

Norway (Sovereign Fund)

Constraint-first portfolio design applied to sovereign Bitcoin exposure.

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Insights for CFOs and Corporate Treasurers

Plain-English answers to the search queries finance leaders actually type — Bitcoin treasury strategy, corporate Bitcoin adoption, FASB ASU 2023-08 accounting, custody, board approval, and stress-response governance.

Bitcoin treasury strategy for CFOs

How finance leaders build a board-ready Bitcoin treasury strategy: allocation thresholds, fiduciary documentation, and the questions every CFO must answer before the first satoshi is custodied.

Read the CFO playbook

Corporate Bitcoin adoption framework

A structured framework for corporate Bitcoin adoption — moving from exploratory committee to operational treasury with RARTA allocation, SRF stress response, and BEOL optimization layers.

Explore the framework stack

Bitcoin treasury accounting under ASU 2023-08

Fair-value Bitcoin accounting under FASB ASU 2023-08: tax-lot tracking, quarterly remeasurement, OCI presentation choices, and the audit trail your auditors will ask for.

Review BEOL accounting guidance

Board approval for Bitcoin treasury allocation

Resolution language, fiduciary risk disclosures, and reporting cadence boards expect before approving a Bitcoin treasury allocation. Includes a sample board resolution template.

Download resolution template

Bitcoin volatility risk management for corporates

Pre-committed drawdown protocols, emergency authority matrices, and stress-level trigger cards that let corporate treasurers respond to Bitcoin volatility without ad-hoc board calls.

Open the SRF stress framework

Institutional Bitcoin custody policy

Custody architecture for institutional Bitcoin holdings — qualified custodians, multi-sig topology, key-ceremony controls, and the SOC 2 evidence finance teams need on file.

Download custody worksheet

Bitcoin treasury case studies for finance leaders

What Strategy, Tesla, Square, and sovereign holders got right — and wrong — analyzed through the same RARTA / SRF / BEOL lens your treasury committee will use.

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Bitcoin treasury FAQ for CFOs

Direct answers to the questions CFOs, controllers, and audit committees ask most: impairment, hedging, disclosure, liquidity, and counterparty risk.

Browse the CFO FAQ

Standards & Artifacts

Templates, controls, and versioned documentation.

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Peer Review

Open working drafts and structured feedback process.

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Governance Glossary

42 institutional governance terms defined precisely.

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