For single-family offices
A first Bitcoin position raises portfolio, operating and family governance questions at the same time. The work is to make each question explicit before the allocation is approved.
Discuss the current situation
The first position
A single-family office can begin with the role Bitcoin might play in the balance sheet, then work through liquidity, concentration, time horizon and the family’s ability to oversee the position. The result may be an allocation, a watchlist or a documented decision to wait.
Governance before purchase
The family’s questions include who can approve a position, who can move it, what gets reported, when it is reviewed and which facts would change the decision. Written governance gives the next generation a way to understand the allocation without having to reconstruct the original conversation.
Custody and succession
Ownership, custody, authority, backup procedures and successor access belong in one operating model. The aim is a structure that remains reviewable when a principal, trustee, adviser or service provider changes.
What an engagement looks like
The first conversation identifies the portfolio decision, the current custody or vehicle structure and the people who need to participate. Scope can then focus on allocation architecture, custody, family governance, documentation or ongoing oversight.
Audience-specific work
Questions for single-family offices
Sizing should follow the role the position is intended to play, the family balance sheet, liquidity needs, existing concentration and the family’s capacity to govern the allocation. A first position can be evaluated without assuming that an allocation is required.
The family should define the mandate, decision rights, review triggers, reporting expectations and the conditions that would change the position. It should also decide who is responsible when the original decision-makers are no longer available.
Custody is part of succession planning. The family should document ownership, access, authorization, separation of duties, backup procedures and the handoff process so the position remains understandable and operable across a generation change.
An engagement begins with the current portfolio, the decision in front of the family and the people who need to be involved. The work can then be scoped around allocation architecture, custody, governance, documentation or ongoing oversight.
Yes. A documented decision not to allocate can be the appropriate conclusion. The useful process is to make the reasoning, risks, unanswered questions and future review conditions clear enough for the family and its successors.
Upcoming session
A live one-hour session for family offices and advisers on sizing, structuring and governing a Bitcoin allocation, with live Q&A. Live only, not recorded.
A 30-minute conversation to understand the current situation and whether there is a genuine fit. No pitch.
Schedule a Conversation