Institutional Treasury Allocations Led by MicroStrategy
Code: NT-112
Tags: #bitcoin #treasury #institutional
Language: en
Situation Report
MicroStrategy disclosed multi-hundred-million-dollar BTC purchases, framing Bitcoin as a treasury reserve asset. Square and MassMutual soon followed with smaller allocations, signaling that boardrooms were actively debating inflation hedges.
Architecture Notes
Firms leaned on Coinbase Custody, Fidelity, and self-custody setups with multi-sig policies. Hedging strategies involved CME futures to manage quarter-end volatility, while some issued convertible notes to finance purchases.
Operational Impact
Investor relations teams fielded questions about impairment accounting and disclosure cadence. Corporate treasurers had to draft playbooks for private key storage, lending programs, and audit evidence.
Forward Watch
We tracked GAAP guidance on digital assets, potential ETF approvals, and whether more corporates would mirror MicroStrategy’s leverage-fueled accumulation.