Reserve
Building a balance-sheet position with defined objectives, pace, horizon and rules of use.
Kapa21 Consulting
Financial infrastructure on Bitcoin, for companies.
We design and support treasury, funding, custody, collateral and reporting policy. The work starts by understanding the operation and identifying where liquidity is constraining decisions.
Scope 01
A reserve with policyScope 02
Collateral without sellingScope 03
Liquidity with strategyThis page describes an advisory service. It is not a public offering, investment advice, a promise of returns, or a declaration of regulatory compliance. Kapa21 does not manage third-party funds or execute transactions from this site.
Scope
A reserve that connects balance sheet, collateral and liquidity.
For companies that need a structured solution matched to their cash and investment needs. Each piece serves a purpose within the strategy.
Collateral
Assessing when the reserve can back liquidity alternatives without selling the position, and under what conditions that makes sense.
Liquidity
Working capital, suppliers, inventory or temporary cash mismatches, with exposure limits and real capacity to repay.
From designing the policy to running it day to day.
Six stages of a continuous engagement: most of the work happens after the purchase.
Design
The treasury policy: objectives, exposure, horizon, and entry and exit criteria.
Execute
Turning the policy into concrete transactions, with a record and an audit trail for every movement.
Safeguard
Protecting the position with clear rules on who decides, who executes and what gets recorded.
Collateralise
Assessing and structuring the use of the reserve as backing for liquidity, with limits and capacity to repay.
Report
Executive documentation so the decision can be reviewed by accounting and by corporate governance.
Advise
Adjusting the policy when the operation, the market or internal constraints change.
Liquidity with control
The reserve can back liquidity without ceasing to be a reserve.
Exposure limits, margin, rollover, amortisation and real capacity to repay are defined before assessing whether the structure makes sense at all.
Ways in
The same logic, fitted to the business.
Every company arrives for a different reason. Two entry points, the same criteria behind them.
A / Operating treasury
Operating treasury
For the company that wants to bring Bitcoin into its financial structure and build a reserve connected to its cash decisions.
Reserve and cash
B / Flexible funding
Flexible funding
For the company whose constraint is liquidity, and which needs to assess whether a reserve can widen its room to manoeuvre.
Collateral and margin