This historical guide examines the questions a company should ask before using its cash to buy crypto-assets. Its original 2025 context included growing corporate interest in bitcoin and other tokens. Market prices, provider offers and regulatory classifications mentioned in older versions must not be treated as current data.
Start with the business purpose
Possible motivations include holding a different type of asset, making payments to suppliers, supporting a blockchain-related activity or testing an operational use case. These are different objectives and require different limits and evidence.
Define the purpose before selecting a platform. Calculate the cash needed for wages, suppliers, taxes, debt and contingencies. Potential returns do not make funds available if the company needs to sell during a sharp market fall.
Discuss the proposed flows with the bank
Explain the business activity, intended providers and source of funds. A bank may request documentation or apply restrictions under its own terms. Informing the bank does not guarantee that a payment will be accepted or that the banking relationship will continue.
The original article mentioned providers such as Delubac and Olkypay. This is a historical reference, not confirmation that a particular account remains available or suitable. Compare actual terms, activity eligibility, costs and required evidence.
Organise the accounting work in advance
The accountant needs to know which platforms and wallets will be used, who owns them and how complete records will be provided. Tools such as ComptaCrypto and Cryptio can help organise transaction data, but exported entries require review and integration into the company's books.
The original discussion referred to ANC Regulation 2020-05. The regulatory framework has since developed, including the ANC's 2026 crypto-asset regulations. For a current engagement, identify the rules applicable to the actual accounting period rather than reusing an old entry diagram.
The engagement may include invoice matching, inventory work, valuation and identification of missing history. Its scope and limits should be agreed, especially for staking, lending, liquidity pools or cross-chain transactions.
Select a provider using current evidence
The article originally distinguished French PSAN providers from overseas exchanges. That historical distinction does not establish whether a service is currently authorised under MiCA. Check the exact entity, domain and service permissions in the AMF's official lists.
- Does the provider accept the company's jurisdiction and business activity?
- Which assets, networks and transaction types are supported?
- What are the execution, withdrawal and custody costs?
- Can access rights, approvals and exports meet the company's needs?
- What happens during an incident, account closure or disputed transaction?
Assess risks beyond the purchase price
Volatility, liquidity, custody and operational errors can all affect the investment. A platform failure may create complex cross-border recovery proceedings; recovery cannot be assumed, but neither should it be described as categorically impossible.
Company-controlled wallets reduce certain dependencies while creating responsibility for keys, backups and continuity. They are not automatically more or less secure in every situation. The arrangement must match the organisation's actual capabilities.
A loss does not by itself establish a criminal offence. The legitimacy of the decision, directors' duties and the circumstances matter. There is no universal safe investment percentage for every business.
Move from an idea to a documented process
Keep a management decision, a transaction and custody policy, the provider's contract and a record of authorised users. Reconcile platform balances with wallet records and bank movements. Review exposure when the company's cash needs or the provider's circumstances change.
For current guidance, continue with business crypto accounting and crypto holding structures.