James Kennedy sits down with Kevin Leuthardt, Swiss tax-lawyer-turned–fractional CFO and founder of 3K, to demystify “crypto on the balance sheet.” They separate hype from reality with two practical buckets: Bitcoin as (emerging) store of value and stablecoins as fast, low-cost rails for payments. Kevin explains the new ETF moment for Bitcoin, how to think about custody, accounting classification, covenants, and valuation, and where stablecoin payments can beat wires for speed and fees - plus what can go wrong and how to de-risk it.