Block Releases Open Source Tools for Bitcoin Treasury Management
Published on Wednesday, April 9, 2025
Block is releasing a suite of open source tools designed to help companies manage bitcoin treasuries with transparency and accountability.
Why Bitcoin Treasury Management Matters
As more companies add bitcoin to their balance sheets, they face unique challenges in tracking, reporting, and managing these holdings. Unlike traditional assets, bitcoin requires specialized tools and processes for:
- Transparent tracking of holdings across multiple addresses and wallets
- Accurate accounting that complies with financial reporting standards
- Secure custody practices that protect against loss or theft
- Public verification that builds stakeholder confidence
What We’re Releasing
Our new open source toolkit includes:
Bitcoin Treasury Tracker
A system for tracking bitcoin holdings across multiple addresses and custody solutions. Features include:
- Real-time balance monitoring
- Historical transaction tracking
- Multi-signature wallet support
- Integration with popular custody providers
Accounting and Reporting Tools
Utilities that help companies meet financial reporting requirements:
- GAAP-compliant accounting methods
- Automated report generation
- Audit trail maintenance
- Tax reporting assistance
Verification and Transparency Tools
Systems that enable public verification of bitcoin holdings:
- Proof of reserves protocols
- Public address disclosure frameworks
- Third-party verification support
- Stakeholder reporting templates
Built from Experience
These tools are based on Block’s own experience managing bitcoin on our balance sheet. We’ve learned what works (and what doesn’t) through practical application, and we’re sharing those lessons with the broader community.
Key insights that shaped these tools:
- Transparency builds trust - Public verification of holdings reduces skepticism and builds confidence
- Automation reduces errors - Manual tracking is error-prone; automated systems ensure accuracy
- Standards matter - Consistent accounting and reporting practices make audits easier
- Security is paramount - Treasury management must never compromise custody security
How to Get Started
The tools are available now on GitHub:
Each repository includes:
- Comprehensive documentation
- Example implementations
- Integration guides
- Best practices
Why Open Source?
We’re releasing these tools as open source for several reasons:
Community Improvement
Open source allows the community to audit, improve, and extend these tools. Better treasury management benefits everyone in the bitcoin ecosystem.
Standardization
By providing reference implementations, we hope to encourage standardization in how companies manage and report bitcoin holdings.
Transparency
Open source tools enable third-party verification and build confidence in corporate bitcoin holdings.
Education
These tools serve as educational resources for companies considering bitcoin treasury strategies.
Beyond the Code
Along with the code, we’re publishing:
- Best practices guides for bitcoin treasury management
- Case studies from our own experience
- Accounting frameworks for different regulatory jurisdictions
- Security guidelines for custody and key management
Join the Conversation
We’re hosting a series of workshops and webinars for companies interested in bitcoin treasury management. Topics will include:
- Getting started with bitcoin treasuries
- Accounting and tax considerations
- Custody and security best practices
- Stakeholder communication strategies
Visit block.xyz/bitcoin-treasury to learn more and register.
Contributing
We welcome contributions from:
- Accountants and auditors with bitcoin experience
- Developers building treasury management tools
- Companies managing bitcoin treasuries
- Custody providers offering institutional solutions
Check out our contribution guidelines to get started.
The Future of Corporate Bitcoin
As bitcoin adoption grows, companies need robust tools and frameworks for treasury management. By open sourcing our solutions, we hope to accelerate the development of industry standards and best practices.
Bitcoin’s transparency is one of its greatest strengths. These tools help companies embrace that transparency while maintaining the security and accountability their stakeholders expect.
Questions about bitcoin treasury management? Join our Discord community or email bitcoin-treasury@block.xyz