Abstract: This paper evaluates the feasibility of using cryptocurrencies, such as Bitcoin, as corporate treasury reserve assets. Through an analysis of price volatility, liquidity constraints, and regulatory uncertainty, the study highlights the significant risks these assets pose. Cryptocurrencies' high volatility and uncertain regulatory landscape are misaligned with the fundamental goals of treasury managementstability, liquidity, and capital preservation. While they may hold potential for speculative investments or strategic ecosystem participation, cryptocurrencies are unsuitable as primary treasury reserves. The findings reaffirm the critical role of traditional instruments, such as Treasury securities, in safeguarding financial stability and supporting corporate operations.

VII. Conclusion: This paper demonstrates that incorporating cryptocurrencies into a corporate treasury portfolio introduces significant and unacceptable levels of risk. The extreme volatility of cryptocurrencies, as evidenced by their high Value at Risk (VaR), contradicts the core principles of treasury management, which prioritize stability, liquidity, and risk mitigation. While cryptocurrencies may offer potential benefits as speculative investments or for aligning with specific business strategies, their inclusion in the treasury reserve asset pool is ill-advised. Traditional treasury instruments, such as U.S. Treasury securities, continue to offer adequate risk-adjusted returns and unparalleled liquidity, aligning perfectly with the objectives of capital preservation and operational stability. Corporate treasurers should prioritize these time-tested assets and risk management techniques while carefully evaluating the potential benefits and risks of engaging with cryptocurrencies through alternative strategies, such as blockchain investments or ecosystem participation.