TL;DR - Bitcoin for Corporations returns to Bitcoin 2026 on April 27 at The Venetian in Las Vegas. Around 200 public companies now hold BTC on their balance sheets, collectively controlling over 1.1 million coins. BFC is where the corporate treasury playbook gets operationalized - custody, tax, board governance, capital markets. It's now owned by Nakamoto Inc. (NASDAQ: NAKA).
From Side Event to Main Stage
Bitcoin for Corporations started as a niche gathering of treasury teams curious about putting BTC on the balance sheet. That was 2024. Two years later, it's a full-day symposium baked into the Bitcoin Conference itself, running 9am to 5pm on April 27 at The Venetian in Las Vegas.
The speaker lineup tells you where this has gone.
Michael Saylor, Executive Chairman of Strategy (photo: michael.com)
Michael Saylor is there (obviously). But so are Simon Gerovich from Metaplanet, Matt Cole, Pierre Rochard, Andrew Webley, and David Bailey. These aren't crypto influencers. They're executives who've run the corporate treasury playbook and can walk other CFOs through the mechanics.
Simon Gerovich, CEO of Metaplanet (photo: metaplanet.jp)
George Mekhail, who runs the BFC program, has taken the symposium global over the past year. Hong Kong, Amsterdam, Abu Dhabi, and Las Vegas (twice). The April 27 event is included with an Enterprise or Whale pass to Bitcoin 2026, which runs April 27-29.
The Nakamoto Inc. Angle
Here's what's structurally interesting. BFC is now run by BTC Inc., which is a wholly owned subsidiary of Nakamoto Inc. (NASDAQ: NAKA). Nakamoto completed the acquisition of BTC Inc. and UTXO Management in February 2026 for roughly $81.6 million in stock.
David Bailey, CEO of Nakamoto Inc. and founder of Bitcoin Magazine (photo: metaplanet.jp)
That means the corporate Bitcoin treasury education arm is now housed inside a publicly traded company. Nakamoto operates across media (Bitcoin Magazine, 27 media brands reaching 6 million people), finance, and advisory services. It's a Bitcoin-native conglomerate that owns the conference, the magazine, and the corporate education program.
Whether you think that's a flywheel or a conflict of interest depends on your perspective. But the structural fact is clear: the entity teaching corporations how to buy Bitcoin is itself a publicly traded Bitcoin company. At least it's transparent about it.
200 Companies and Counting
The reason BFC exists as a standalone track is simple: demand. In 2024, maybe 70 public companies held Bitcoin. By late 2025, that number had nearly tripled to around 200. Today, public companies collectively hold over 1.1 million BTC worth north of $80 billion.
Strategy is still the biggest by a wide margin with 738,000+ BTC. But Metaplanet (35,100 BTC), MARA Holdings (53,250 BTC), and a growing list of mid-cap companies have adopted variations of the same approach. The FASB fair-value accounting rules that took effect in late 2024 removed one of the biggest barriers. Companies can now mark Bitcoin at market value instead of taking permanent impairment charges.
That accounting change was the unlock. BFC is where the implementation details get shared - the board presentations, the custody setups, the tax structuring, the risk frameworks. It's CFO infrastructure, not conference hype.
What BFC Actually Covers
| Track | Focus | Who Shows Up |
|---|---|---|
| Treasury Strategy | Balance sheet allocation, risk frameworks, board governance | CFOs, Treasurers |
| Implementation | Custody, tax, accounting, compliance | Controllers, Legal |
| Capital Markets | ATM issuance, convertible notes, preferred stock to fund BTC | CFOs, Bankers |
| Case Studies | What worked, what didn't, real numbers | Executives |
The case study sessions are the real draw. It's one thing to read Strategy's 10-K. It's another to hear a mid-cap CFO walk through how they got their board to approve a $50M Bitcoin allocation, what custody provider they chose, and how they handle the quarterly earnings calls.
The Bigger Picture
This isn't happening in a vacuum. Citi and Morgan Stanley are building native Bitcoin banking infrastructure. Kraken just got a Federal Reserve master account. The SEC and CFTC signed a landmark MOU for unified crypto oversight. Bitcoin ETFs are pulling in billions monthly.
When Strategy announced its latest $1.3 billion Bitcoin purchase funded through preferred stock, it validated the exact capital markets playbook that BFC teaches. Whales accumulated 270,000 BTC in the last 30 days. Bitcoin just mined its 20 millionth coin with only 1 million left. The supply is shrinking. The institutional bid is growing. And BFC is where the next wave of corporate buyers goes to learn the playbook.
The So What
Corporate Bitcoin treasury went from Michael Saylor's solo act to a repeating, global symposium with its own track at the world's biggest Bitcoin conference. Around 200 public companies now hold BTC. The FASB accounting fix removed the last structural barrier. BFC is where the playbook gets operationalized - custody, tax, board governance, capital markets. It's not fringe anymore. It's CFO infrastructure. And it's now owned by a NASDAQ-listed Bitcoin company that has every incentive to keep the pipeline flowing.
Bitcoin 2026 runs April 27-29 at The Venetian, Las Vegas. BFC is April 27. Passes available at 2026.b.tc/attend.
Sean Ristau | @SeanRistau | 21Rates / The Daily Stack
