Protect Your Bitcoin Treasury Against a Drawdown: The Smarter Accumulation Strategy

"Volatility isn't necessarily a threat to managing a treasury portfolio. Unmanaged volatility is." Alan Mittleman, COO, Secure Digital Markets

That line cuts to the heart of why so many Bitcoin treasuries are underprepared. They've made the acquisition decision. They've executed the buy. And then they've stopped, sitting on an asset with no native yield, no documented drawdown policy, and no answer ready when the auditors ask what the plan is.

Bitcoin Treasuries is excited to share a new professional session with Secure Digital Markets (SDM) Chief Operating Officer Alan Mittleman, focused on the derivatives, lending, and accumulation tools that institutional Bitcoin holders need before volatility hits — not after.

This webinar is built for treasury managers and finance leaders who want to move beyond simply holding Bitcoin and understand how a structured risk management program works inside a real-world treasury.

SDM is a full-service OTC digital asset dealer providing spot trading, derivatives, lending, borrowing, and staking for institutional clients and high-net-worth individuals. SDM specializes in bespoke, bilateral transactions — giving treasuries the flexibility, privacy, and white-glove guidance that exchanges simply can't offer.

Secure Digital Markets | SDM.co SDM helps institutional clients maximize their digital asset portfolios through customized OTC derivatives, structured lending products, and tailored accumulation strategies.

What this session delivers for treasury leaders

• A framework for yield on non-yielding assets. This session covers how covered calls, cash-secured puts, and structured accumulation programs generate real income against holdings — including a worked example of a zero-cost, two-year loan funded entirely by covered call premium.
  

• Drawdown protection with upside potential. When to use a protective put, when a put spread is cheaper, and how a zero-cost collar lets you participate in a rally while capping your worst-case loss — documented and defensible for any board or auditor.
  

• Smarter accumulation from day one. Why buying everything at once is rarely optimal, how TWAP and cash-secured puts can lower your cost basis, and how Bitcoin accumulator structures let qualified buyers purchase at roughly a 10% discount to spot.
  

• Liquidity without forced selling. How Bitcoin-backed loans preserve your position in both up and down markets, what a 65% LTV non-recourse structure actually means in a 30%+ drawdown, and how pairing a loan with a put spread can eliminate margin-call risk entirely.
  

• The questions your board is already preparing. What is your drawdown policy — and is it documented? Have you stress-tested against Bitcoin's historical 70–90% drawdown periods? What is the plan for Bitcoin sitting on your balance sheet?

This session shows how to build the plan before you need it, so your Bitcoin strategy doesn't outpace your risk controls.

Watch and share with your treasury team:

• Watch on YouTube

• Listen on Spotify

• Listen on Apple Podcasts

Visit SDM.co or contact Alan's team to request a no-cost Treasury Risk Review tailored to your current holdings and accumulation goals.