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Ten questions

Is your company ready to hold bitcoin?

Answer ten questions and get a list of topics to look at next. Not an assessment, not advice.

Education only

Ten short questions about what a company usually has in place before bitcoin is discussed seriously. Your answers point to the pages that cover the points still open. This is a reading list, not an assessment, and it does not say whether a company should hold bitcoin.

1. Does the company have a written treasury policy, approved by the board, that would cover a bitcoin holding?
2. Has the company decided how many months of operating costs it keeps as a protected cash reserve?
3. Has the board set a maximum allocation, worked out from cash that is not needed for the reserve or known obligations?
4. Has the company compared the custody models: self-managed multisig, collaborative multisig, a regulated custodian and an exchange-traded product?
5. Would every transfer need at least two people, with the person who prepares it not the only one who approves it?
6. If keys were held, does the company know how it would set them up and test recovery before funds are moved?
7. Is there a plan for a keyholder who leaves, is ill or dies?
8. Has the company's accountant confirmed which accounting framework and tax rules would apply?
9. Does the company know how to check a provider's regulatory status and what protection applies if it fails?
10. Has the board discussed the topic and recorded its decisions in the minutes?

All the topics the quiz can suggest

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Sources

Primary sources only. Each link was checked on 29 October 2026. Rules change, so confirm the current version with your adviser.

  1. Bitcoin BIPsBIP 11: M of N standard transactions (multisig)
  2. FASBASU 2023-08, Intangibles: Goodwill and Other, Crypto Assets (Subtopic 350-60)
  3. HMRCCRYPTO41000: Corporation Tax, contents
  4. FSCSCryptoassets: are they covered, and what is the risk?
  5. FDICFact sheet: what the public needs to know about FDIC deposit insurance and crypto companies
Free by email

One email. The whole library.

Policy checklist, board paper, recovery drill record, document pack and the rest, in one send. Then one short Thursday lesson for small companies in the UK and the US.

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Education, not advice.

This is general information and education only. It is not financial, investment, tax, accounting, legal or regulatory advice, and it is not a recommendation to buy, sell or hold bitcoin or any other asset. It does not take account of your circumstances or those of your company. You must obtain your own official professional advice to confirm this information is correct before acting on it.

Rules change. This information is correct to our understanding at the last-reviewed date, but it may be incomplete or out of date, and official sources take precedence. Bitcoin is volatile. A company that buys it could lose some or all of the money it puts in.

Using this site does not create an adviser or client relationship. IoT Financial is not authorised or regulated by the Financial Conduct Authority (FCA) and is not registered with the US Securities and Exchange Commission (SEC) as an investment adviser. Read the full disclaimer.