Corporate Treasury

A deep look at why a public company reported a $14.5B unrealized Q1 loss yet continued buying Bitcoin, and what corporate treasuries should learn about accumulation, accounting, and risk controls. Practical guidance for CFOs, CEOs and treasury teams on staged deployment, investor communications and market impact.

Ripple is pitching Ripple Treasury and RLUSD as a new corporate finance stack — a faster on‑ramp/off‑ramp for institutions with implications for XRP liquidity and regulatory risk. This article evaluates the product case, the recent RLUSD mint linked to Gemini, and how the CLARITY Act could change enterprise adoption math.

Michael Saylor’s concentrated purchases via MicroStrategy have come to dominate corporate treasury Bitcoin flows, altering liquidity, price discovery, and how treasurers think about crypto allocations. This piece investigates the data, market effects, and what looming ETF competition like Morgan Stanley’s offering might change.

Metaplanet’s $255M raise and headline goal to amass 210,000 BTC by 2027 grabbed headlines — but the math, market effects, and execution risks tell a more complex story. This piece models purchase cadences, liquidity impact, dilution concerns, and custody/regulatory pitfalls for investors assessing large corporate BTC treasuries.

Metaplanet’s recent run-in over its BTC buying and options program has exposed weak spots in disclosure practices and board oversight for companies with large crypto treasuries. This investigation breaks down the timeline, the mechanics of the strategy, comparable failures, regulatory lessons, and a practical governance checklist for public firms holding crypto.

Strategy (formerly MicroStrategy) continued to add Bitcoin even as its corporate holdings moved underwater — a move that raises concrete balance-sheet, covenant and dilution questions for corporate treasuries. This article breaks down the disclosed buys, compares cost basis to the market, and offers a practical risk/return framework for CFOs and institutional allocators.

A comparative analysis of divergent national crypto policies using Russia’s blacklist of WhiteBIT and Japan’s corporate Bitcoin-treasury initiative led by Animoca/Rootstock. Practical guidance for general counsel and treasurers weighing jurisdictional risk, compliance and onchain treasury opportunities.

Steak ’n Shake’s $10M Bitcoin purchase highlights a growing trend of corporate BTC allocations. This article breaks down motivations, accounting and tax implications, governance design, and a practical CFO checklist before executing a treasury buy.

Metaplanet accelerated BTC accumulation in Q4 2025, adding 4,279 BTC and reporting record BTC yield for the year — a playbook that reshapes treasury math, liquidity and institutional signaling across Asia and beyond. This analysis quantifies the balance-sheet impact, compares the approach to Strategy/MicroStrategy, and outlines risk and hedging considerations for CFOs.

Institutional routes to BTC exposure are diverging: direct corporate accumulation plans like Metaplanet’s 210k BTC target sit alongside equity-based exposure via MicroStrategy, while tax-loss harvesting pushes seasonal ETF outflows that reshape on-chain and regional flows. This analysis unpacks mechanics, cross-asset arbitrage, and tactical takeaways for allocators and family offices.