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BITCOIN AMPLIFICATION DRIVES TOTAL RETURNS A company paying 14% for preferred capital can outperform a company paying 6% - when greater amplification captures a sufficiently large positive Bitcoin spread. I think the actual math behind how much amplification drives total returns will shock you. In this video I explain...

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Adam Livingston

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14,317 görüntüleme • 4 gün önce •via X (Twitter)

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Adam Livingston4 gün önce

Please like this video on YouTube and subscribe to my channel to support my MISSION of spreading the ORANGE GOSPEL to the masses!

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William Wallets4 gün önce

@Werkman Banger per usual

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Adam Livingston4 gün önce

@Werkman Thank you my dear friend!

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Not_Sure4 gün önce

Solid work spreading the orange gospel — always good to see more Bitcoin conviction content out there. I’ve been getting a lot out of what you and @Rowan_A1b post too.

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Đỗ Khoa | Solomon Do4 gün önce

Totally agree on amplification driving returns. You and @mozlyxy are my go to finance accounts.

Benzer Videolar

Bitcoin vs. Amplified Bitcoin I ran 500,000 paired Monte Carlo simulations over four years. Bitcoin starts at $86,000, with a 40% geometric CAGR assumption and 40% annualized volatility. The amplified model takes 1.5× each simulated daily Bitcoin return, producing roughly 60% volatility. Same Bitcoin shocks. Same $86,000 starting investment. Different sensitivity. Median ending value: Bitcoin: $330,057 - 3.84× Amplified Bitcoin: $508,584 - 5.91× At the 95th percentile: Bitcoin: $1.235 million Amplified Bitcoin: $3.676 million At the 99th percentile: Bitcoin: $2.132 million Amplified Bitcoin: $8.327 million The probability of finishing at 10× or more rises from 11.6% to 33.1%. Amplified Bitcoin finishes ahead in 85.9% of the paired simulations. But the wider upside distribution comes with a materially rougher ride. Median maximum drawdown increases from 42.2% to 57.7%. The probability of finishing below the starting investment rises from 4.7% to 7.0%. A company targeting sustained amplified exposure needs to actively manage its capital structure and Bitcoin exposure. Issuing preferred equity once does not permanently lock in 1.5× stock-price sensitivity, and balance-sheet amplification is not the same as market beta. These are the mathematical results of a maintained-sensitivity projection, not a forecast for any company. Financing costs, preferred dividends, dilution, valuation changes, and company-specific risks are excluded. Volatility is vitality:
0:30

Bitcoin vs. Amplified Bitcoin I ran 500,000 paired Monte Carlo simulations over four years. Bitcoin starts at $86,000, with a 40% geometric CAGR assumption and 40% annualized volatility. The amplified model takes 1.5× each simulated daily Bitcoin return, producing roughly 60% volatility. Same Bitcoin shocks. Same $86,000 starting investment. Different sensitivity. Median ending value: Bitcoin: $330,057 - 3.84× Amplified Bitcoin: $508,584 - 5.91× At the 95th percentile: Bitcoin: $1.235 million Amplified Bitcoin: $3.676 million At the 99th percentile: Bitcoin: $2.132 million Amplified Bitcoin: $8.327 million The probability of finishing at 10× or more rises from 11.6% to 33.1%. Amplified Bitcoin finishes ahead in 85.9% of the paired simulations. But the wider upside distribution comes with a materially rougher ride. Median maximum drawdown increases from 42.2% to 57.7%. The probability of finishing below the starting investment rises from 4.7% to 7.0%. A company targeting sustained amplified exposure needs to actively manage its capital structure and Bitcoin exposure. Issuing preferred equity once does not permanently lock in 1.5× stock-price sensitivity, and balance-sheet amplification is not the same as market beta. These are the mathematical results of a maintained-sensitivity projection, not a forecast for any company. Financing costs, preferred dividends, dilution, valuation changes, and company-specific risks are excluded. Volatility is vitality:

Adam Livingston

27,726 görüntüleme • 13 gün önce

Welcome back to The Bitcoin Treasuries Podcast. Today's guest is Michael Mescher, CEO of Gammon Capital. Michael and I discuss derivatives, institutional capital, balance sheet protection, and the future of Bitcoin treasury management. Here's my conversation with Michael Mescher. 0:00 - Intro 0:40 – Michael’s path from derivatives to Bitcoin treasury strategy 3:18 – What a 50% collateral haircut really means for a Bitcoin treasury company 11:15 – The coming $10 billion "Put Wall" and why 2027 matters 13:21 – Why Bitcoin treasury companies are paying too much for capital 15:02 – Using derivatives as balance sheet protection - not speculation 16:55 – Building a Bitcoin treasury playbook for bear and sideways markets 19:05 – What Michael Saylor gets right about financial engineering 22:15 – What separates the strongest Bitcoin treasury companies from the rest 24:42 – Why the market still hasn't built a better Bitcoin credit facility 26:54 – How Bitcoin treasury companies can unlock institutional capital 29:04 – Managing asset-liability mismatches on a Bitcoin balance sheet 32:38 – Capital efficient hedging strategies for downside protection 34:46 – How to sell a hedging strategy to a long-only Bitcoin executive 37:17 – What a strategic engagement with Gammon Capital looks like 38:18 - Where to find Michael Mescher and Gammon Capital
38:38

Welcome back to The Bitcoin Treasuries Podcast. Today's guest is Michael Mescher, CEO of Gammon Capital. Michael and I discuss derivatives, institutional capital, balance sheet protection, and the future of Bitcoin treasury management. Here's my conversation with Michael Mescher. 0:00 - Intro 0:40 – Michael’s path from derivatives to Bitcoin treasury strategy 3:18 – What a 50% collateral haircut really means for a Bitcoin treasury company 11:15 – The coming $10 billion "Put Wall" and why 2027 matters 13:21 – Why Bitcoin treasury companies are paying too much for capital 15:02 – Using derivatives as balance sheet protection - not speculation 16:55 – Building a Bitcoin treasury playbook for bear and sideways markets 19:05 – What Michael Saylor gets right about financial engineering 22:15 – What separates the strongest Bitcoin treasury companies from the rest 24:42 – Why the market still hasn't built a better Bitcoin credit facility 26:54 – How Bitcoin treasury companies can unlock institutional capital 29:04 – Managing asset-liability mismatches on a Bitcoin balance sheet 32:38 – Capital efficient hedging strategies for downside protection 34:46 – How to sell a hedging strategy to a long-only Bitcoin executive 37:17 – What a strategic engagement with Gammon Capital looks like 38:18 - Where to find Michael Mescher and Gammon Capital

Tim Kotzman

26,345 görüntüleme • 2 ay önce

Great post by Matt here explaining why Bitcoin amplification can matter dramatically more than cost of capital. A lot of people like to obsess over the dividend rates, but what actually hits the common stock? It is cost × scale × amplification. Here’s an actual sensitivity test with two mathematical examples. I ran the exact same Bitcoin treasury model twice. They have the same BTC purchases, same preferred issuance, same capital structure, and same BTC path. The only thing I changed was the dividend rate on new preferred capital: 13% vs. 15%. If Bitcoin ends at $150K: 13% prefs → 26,662 sats/share 15% prefs → 26,466 sats/share Difference: 0.74% If Bitcoin ends at $250K: 13% prefs → 32,225 sats/share 15% prefs → 32,062 sats/share Difference: 0.50% Obviously, cheaper capital is better when everything else is equal. But that's the point. A 200 bps difference in preferred cost moved the modeled common-equity outcome by less than 1%. Matt's math is right. Now take the thought experiment one step further. Assume two companies each begin with $100M of common equity, Bitcoin rises 50%, and both can invest their preferred proceeds into Bitcoin. Company A can raise $50M of preferred capital at 13%. $150M of Bitcoin appreciates to $225M. Subtract $50M of preferred principal and $6.5M of dividends. Ending common equity: $168.5M Common equity return: +68.5% Company B has to pay 15%, but its investor base and liquidity allow it to raise twice as much: $100M. $200M of Bitcoin appreciates to $300M. Subtract $100M of preferred principal and $15M of dividends. Ending common equity: $185M Common equity return: +85.0% So the company paying the higher cost of capital produces the higher common-equity return: 13% financing → +68.5% 15% financing → +85.0% That is a 16.5 percentage point advantage despite paying 200 bps more for capital. Assuming an unchanged valuation multiple and no common-share dilution (could be accretive economically), those are also approximately the stock returns. This is why obsessing over the lowest possible preferred coupon can miss the bigger variable. Cost of capital matters, but how much accretive capital can you raise and deploy is a lot more important. Amplification overwhelmingly drives shareholder returns:
0:20

Great post by Matt here explaining why Bitcoin amplification can matter dramatically more than cost of capital. A lot of people like to obsess over the dividend rates, but what actually hits the common stock? It is cost × scale × amplification. Here’s an actual sensitivity test with two mathematical examples. I ran the exact same Bitcoin treasury model twice. They have the same BTC purchases, same preferred issuance, same capital structure, and same BTC path. The only thing I changed was the dividend rate on new preferred capital: 13% vs. 15%. If Bitcoin ends at $150K: 13% prefs → 26,662 sats/share 15% prefs → 26,466 sats/share Difference: 0.74% If Bitcoin ends at $250K: 13% prefs → 32,225 sats/share 15% prefs → 32,062 sats/share Difference: 0.50% Obviously, cheaper capital is better when everything else is equal. But that's the point. A 200 bps difference in preferred cost moved the modeled common-equity outcome by less than 1%. Matt's math is right. Now take the thought experiment one step further. Assume two companies each begin with $100M of common equity, Bitcoin rises 50%, and both can invest their preferred proceeds into Bitcoin. Company A can raise $50M of preferred capital at 13%. $150M of Bitcoin appreciates to $225M. Subtract $50M of preferred principal and $6.5M of dividends. Ending common equity: $168.5M Common equity return: +68.5% Company B has to pay 15%, but its investor base and liquidity allow it to raise twice as much: $100M. $200M of Bitcoin appreciates to $300M. Subtract $100M of preferred principal and $15M of dividends. Ending common equity: $185M Common equity return: +85.0% So the company paying the higher cost of capital produces the higher common-equity return: 13% financing → +68.5% 15% financing → +85.0% That is a 16.5 percentage point advantage despite paying 200 bps more for capital. Assuming an unchanged valuation multiple and no common-share dilution (could be accretive economically), those are also approximately the stock returns. This is why obsessing over the lowest possible preferred coupon can miss the bigger variable. Cost of capital matters, but how much accretive capital can you raise and deploy is a lot more important. Amplification overwhelmingly drives shareholder returns:

Adam Livingston

20,110 görüntüleme • 5 gün önce

Long but VERY IMPORTANT POST on the importance of Bitcoin amplification while Bitcoin is cheap. Bitcoin treasury X has spent months litigating preferred dividends. "9% is smart. 13% is expensive. 15% is reckless." If you're underwriting a long-term bull thesis, you're arguing about the wrong variable. So I built a model. Three hypothetical companies. Same $10 stock. Same Bitcoin per share. Bitcoin compounds 25% a year for ten years, $75k to ~$698k. mNAV is pinned at 1.0x the entire time. No premium, no reflexivity, no ATM magic. The only difference is how much amplification they buy (preferred notional ÷ Bitcoin holdings) and what they pay for it: A: 9% dividend, sliding to 0% by year ten. 10% amplification. B: 13% dividend. 35% amplification. C: 15% dividend. 60% amplification. The preferred is senior, perpetual, and a fixed-dollar claim. Proceeds buy Bitcoin. Each company keeps issuing at a steady monthly pace, and every dividend gets paid by issuing common at NAV. Every coupon dollar costs shareholders real Bitcoin. Year ten: A: $123 B: $146 C: $166 Just owning Bitcoin: $93 The ranking is perfectly backwards to cost of capital. The cheapest money finished dead last. So let's be generous. Give Company A a 0% dividend rate from day one. Yup. Free money, forever. $134. Still last. C could pay 17% and still tie free money. Over the decade C pays $5.3 billion in dividends. A pays $84 million. C nearly quadruples its share count funding those coupons and still grows Bitcoin per share 78%. A grows it 32%. The first-order math explains it: Extra return ≈ (preferred per $1 of equity) × (Bitcoin return − dividend) A has the better spread: 25 minus 9 is 16 points. C's is 10. But C carries $1.50 of preferred per dollar of equity. A carries 11 cents. The dividend is a subtraction. Amplification is a multiplier. You can't subtract your way past someone who's multiplying. It also tells you exactly when the coupon matters: in proportion to the amplification it's attached to. A cheap coupon on a sliver of amplification is just a very efficient way to own less Bitcoin. Now the attribution. Treat your Bitcoin path as the given, since that is literally the thesis you're underwriting, and run Shapley over the two players left: amplification and mNAV. Remember... mNAV sat at 1.0x for ten years, so its Shapley value is exactly zero. Bitcoin paid every company the same +$83. Amplification, net of every dividend: A +$30, B +$53, C +$73. All of the outperformance is amplification, and mNAV hasn't even entered the equation. Put any premium you like on top. It multiplies an amplified NAV. Timing is the part people miss. A fixed-dollar claim locked in while Bitcoin is cheap gets melted by the run. Company C issues preferred every single month and still drifts from 60% amplification to 21% by year ten. The bull market de-levers you for free. Run C's exact playbook but wait for Bitcoin to double before starting: $150 instead of $166. Same coupon, same ratio, worse entry. The real question if you are a Bitcoin bull is "how fast do you think Bitcoin compounds?" If your answer is under 20%, the coupon is the least of your problems. If you think Bitcoin is cheap, amplify while it's cheap. Penny pinching the coupon is optimizing the toll on a road you're barely driving on. Hypothetical model, not investment advice. Explainer video below:
1:50

Long but VERY IMPORTANT POST on the importance of Bitcoin amplification while Bitcoin is cheap. Bitcoin treasury X has spent months litigating preferred dividends. "9% is smart. 13% is expensive. 15% is reckless." If you're underwriting a long-term bull thesis, you're arguing about the wrong variable. So I built a model. Three hypothetical companies. Same $10 stock. Same Bitcoin per share. Bitcoin compounds 25% a year for ten years, $75k to ~$698k. mNAV is pinned at 1.0x the entire time. No premium, no reflexivity, no ATM magic. The only difference is how much amplification they buy (preferred notional ÷ Bitcoin holdings) and what they pay for it: A: 9% dividend, sliding to 0% by year ten. 10% amplification. B: 13% dividend. 35% amplification. C: 15% dividend. 60% amplification. The preferred is senior, perpetual, and a fixed-dollar claim. Proceeds buy Bitcoin. Each company keeps issuing at a steady monthly pace, and every dividend gets paid by issuing common at NAV. Every coupon dollar costs shareholders real Bitcoin. Year ten: A: $123 B: $146 C: $166 Just owning Bitcoin: $93 The ranking is perfectly backwards to cost of capital. The cheapest money finished dead last. So let's be generous. Give Company A a 0% dividend rate from day one. Yup. Free money, forever. $134. Still last. C could pay 17% and still tie free money. Over the decade C pays $5.3 billion in dividends. A pays $84 million. C nearly quadruples its share count funding those coupons and still grows Bitcoin per share 78%. A grows it 32%. The first-order math explains it: Extra return ≈ (preferred per $1 of equity) × (Bitcoin return − dividend) A has the better spread: 25 minus 9 is 16 points. C's is 10. But C carries $1.50 of preferred per dollar of equity. A carries 11 cents. The dividend is a subtraction. Amplification is a multiplier. You can't subtract your way past someone who's multiplying. It also tells you exactly when the coupon matters: in proportion to the amplification it's attached to. A cheap coupon on a sliver of amplification is just a very efficient way to own less Bitcoin. Now the attribution. Treat your Bitcoin path as the given, since that is literally the thesis you're underwriting, and run Shapley over the two players left: amplification and mNAV. Remember... mNAV sat at 1.0x for ten years, so its Shapley value is exactly zero. Bitcoin paid every company the same +$83. Amplification, net of every dividend: A +$30, B +$53, C +$73. All of the outperformance is amplification, and mNAV hasn't even entered the equation. Put any premium you like on top. It multiplies an amplified NAV. Timing is the part people miss. A fixed-dollar claim locked in while Bitcoin is cheap gets melted by the run. Company C issues preferred every single month and still drifts from 60% amplification to 21% by year ten. The bull market de-levers you for free. Run C's exact playbook but wait for Bitcoin to double before starting: $150 instead of $166. Same coupon, same ratio, worse entry. The real question if you are a Bitcoin bull is "how fast do you think Bitcoin compounds?" If your answer is under 20%, the coupon is the least of your problems. If you think Bitcoin is cheap, amplify while it's cheap. Penny pinching the coupon is optimizing the toll on a road you're barely driving on. Hypothetical model, not investment advice. Explainer video below:

Adam Livingston

17,845 görüntüleme • 1 gün önce

WHY I AM BUYING STRIVE (ASST) In this video, I walk through my full investment thesis on Strive (ASST), a Bitcoin treasury company with one of the cleanest and most interesting capital structures in the market today. This is not a hype video. This is a long-duration, balance-sheet-driven compounding thesis. I break down: Why ASST’s lack of debt matters more than people realize How SATA (perpetual preferred equity) creates Bitcoin amplification without liquidation risk Why maintaining ~31% amplification dramatically changes long-term outcomes What happens to the common stock under 20%, 25%, and 30% Bitcoin CAGR scenarios How Bitcoin per share compounds quietly over time due to the structure itself What dilution, PIPE overhang, and ATMs actually mean in practice Under conservative assumptions, even the lowest modeled Bitcoin growth scenario produces extreme asymmetry over long time horizons. Higher CAGR scenarios push the equity into territory most investors psychologically struggle to model. No multiple expansion assumed. No debt leverage assumed. No heroic assumptions required. This video is about understanding how time, compounding, and capital structure interact, and why that combination can produce non-linear outcomes if Bitcoin continues to succeed. This is not financial advice. This is how I’m thinking about risk, asymmetry, and survival over the next 10 to 20 years:
22:52

WHY I AM BUYING STRIVE (ASST) In this video, I walk through my full investment thesis on Strive (ASST), a Bitcoin treasury company with one of the cleanest and most interesting capital structures in the market today. This is not a hype video. This is a long-duration, balance-sheet-driven compounding thesis. I break down: Why ASST’s lack of debt matters more than people realize How SATA (perpetual preferred equity) creates Bitcoin amplification without liquidation risk Why maintaining ~31% amplification dramatically changes long-term outcomes What happens to the common stock under 20%, 25%, and 30% Bitcoin CAGR scenarios How Bitcoin per share compounds quietly over time due to the structure itself What dilution, PIPE overhang, and ATMs actually mean in practice Under conservative assumptions, even the lowest modeled Bitcoin growth scenario produces extreme asymmetry over long time horizons. Higher CAGR scenarios push the equity into territory most investors psychologically struggle to model. No multiple expansion assumed. No debt leverage assumed. No heroic assumptions required. This video is about understanding how time, compounding, and capital structure interact, and why that combination can produce non-linear outcomes if Bitcoin continues to succeed. This is not financial advice. This is how I’m thinking about risk, asymmetry, and survival over the next 10 to 20 years:

Adam Livingston

42,867 görüntüleme • 9 ay önce

🔥STRIVE (ASST) TO $700-$1,400 PER SHARE - EASILY!🔥 STRIVE is a company with a CLEAR PATH of going from $1 BILLION to $100 BILLION. If they can maintain a solid Bitcoin amplification rate with SATA issuance, and issue ASST at a MODEST PREMIUM... the results are absolutely INSANE. This is perhaps the greatest GROWTH POTENTIAL STOCK in the ENTIRE MARKET. If you are bullish on Bitcoin... you might like AMPLIFIED BITCOIN. YOU ARE NOT BULLISH ENOUGH:
23:28

🔥STRIVE (ASST) TO $700-$1,400 PER SHARE - EASILY!🔥 STRIVE is a company with a CLEAR PATH of going from $1 BILLION to $100 BILLION. If they can maintain a solid Bitcoin amplification rate with SATA issuance, and issue ASST at a MODEST PREMIUM... the results are absolutely INSANE. This is perhaps the greatest GROWTH POTENTIAL STOCK in the ENTIRE MARKET. If you are bullish on Bitcoin... you might like AMPLIFIED BITCOIN. YOU ARE NOT BULLISH ENOUGH:

Adam Livingston

27,773 görüntüleme • 5 ay önce

🔥BITCOIN, CAPITAL, RISK: DIGITAL CREDIT MASTERCLASS🔥 Bitcoin is beginning to transform from a treasury asset into the foundation of an entirely new credit market. In this digital credit masterclass, we examine how perpetual preferred capital can convert Bitcoin’s long-term appreciation into recurring income for investors. Using 100,000 Monte Carlo simulations, we model a Bitcoin balance sheet with 40% compound annual growth, 40% volatility, recurring preferred dividends, and multiple liquidity-reserve designs. We compare Strategy’s STRC with traditional preferred securities from JPMorgan and examine how Apple and Berkshire Hathaway manage liquidity alongside productive assets. The results reveal how common-equity amplification, loss absorption, sequence risk, and forced asset sales can produce radically different outcomes from the same Bitcoin return. We also identify what investors must prove before claiming that digital credit is mispriced rather than merely offering a high yield. This is the ultimate breakdown of Bitcoin, risk, capital structure, and the financial engineering that could reshape global credit markets:
27:29

🔥BITCOIN, CAPITAL, RISK: DIGITAL CREDIT MASTERCLASS🔥 Bitcoin is beginning to transform from a treasury asset into the foundation of an entirely new credit market. In this digital credit masterclass, we examine how perpetual preferred capital can convert Bitcoin’s long-term appreciation into recurring income for investors. Using 100,000 Monte Carlo simulations, we model a Bitcoin balance sheet with 40% compound annual growth, 40% volatility, recurring preferred dividends, and multiple liquidity-reserve designs. We compare Strategy’s STRC with traditional preferred securities from JPMorgan and examine how Apple and Berkshire Hathaway manage liquidity alongside productive assets. The results reveal how common-equity amplification, loss absorption, sequence risk, and forced asset sales can produce radically different outcomes from the same Bitcoin return. We also identify what investors must prove before claiming that digital credit is mispriced rather than merely offering a high yield. This is the ultimate breakdown of Bitcoin, risk, capital structure, and the financial engineering that could reshape global credit markets:

Adam Livingston

15,057 görüntüleme • 13 gün önce

🔥BITCOIN, STRC, SAYLOR, AND HOW WE WIN🔥 BITCOIN IS THE GOAL. BITCOIN MUST WIN. But global capital does not move through purity tests... it moves through incentives. In this video, I break down Bitcoin, STRC, Saylor, income-seeking capital, and why pragmatic adoption may be how Bitcoin absorbs the legacy financial system over time. If capital is already seeking yield, I would rather see it flow toward Bitcoin than sovereign debt. The printer will print. Capital will seek escape. BITCOIN WINS THROUGH REALITY:
27:07

🔥BITCOIN, STRC, SAYLOR, AND HOW WE WIN🔥 BITCOIN IS THE GOAL. BITCOIN MUST WIN. But global capital does not move through purity tests... it moves through incentives. In this video, I break down Bitcoin, STRC, Saylor, income-seeking capital, and why pragmatic adoption may be how Bitcoin absorbs the legacy financial system over time. If capital is already seeking yield, I would rather see it flow toward Bitcoin than sovereign debt. The printer will print. Capital will seek escape. BITCOIN WINS THROUGH REALITY:

Adam Livingston

11,472 görüntüleme • 3 ay önce

THE ULTIMATE MSTR VIDEO: SAYLOR DRIVES BITCOIN TO $1 MILLION AND STRATEGY BECOMES THE MOST VALUABLE COMPANY IN THE WORLD ZERO FLUFF. If you want a #1 one-stop-shop explainer video for Strategy and Saylor's endgame... why to hold MSTR + STRC, and why this company will be the most valuable company in the world... ...THIS IS IT:
26:37

THE ULTIMATE MSTR VIDEO: SAYLOR DRIVES BITCOIN TO $1 MILLION AND STRATEGY BECOMES THE MOST VALUABLE COMPANY IN THE WORLD ZERO FLUFF. If you want a #1 one-stop-shop explainer video for Strategy and Saylor's endgame... why to hold MSTR + STRC, and why this company will be the most valuable company in the world... ...THIS IS IT:

Adam Livingston

23,123 görüntüleme • 6 ay önce

🔥BITCOIN HITS $80K - FULL MSTR + ASST UPDATE!🔥 Bitcoin just broke through $80,000 - but the price move may be only half the story. Strive just acquired another 1,110 BTC for $81.5 million, growing its Bitcoin treasury by roughly 5.5% in a single week. Meanwhile, Strategy has built approximately $6.69 billion of dollar liquidity around its enormous 840,447 BTC reserve while repurchasing $136 million of STRC. In this video I break down the new Strive and Strategy capital stacks, CEBE changes, what every $1,000 move in Bitcoin now does to Strategy's balance sheet, the historical Bitcoin cycle setup, and why the combination of rising BTC prices and increasingly sophisticated corporate Bitcoin treasury machines could become an extraordinary capital flywheel:
23:25

🔥BITCOIN HITS $80K - FULL MSTR + ASST UPDATE!🔥 Bitcoin just broke through $80,000 - but the price move may be only half the story. Strive just acquired another 1,110 BTC for $81.5 million, growing its Bitcoin treasury by roughly 5.5% in a single week. Meanwhile, Strategy has built approximately $6.69 billion of dollar liquidity around its enormous 840,447 BTC reserve while repurchasing $136 million of STRC. In this video I break down the new Strive and Strategy capital stacks, CEBE changes, what every $1,000 move in Bitcoin now does to Strategy's balance sheet, the historical Bitcoin cycle setup, and why the combination of rising BTC prices and increasingly sophisticated corporate Bitcoin treasury machines could become an extraordinary capital flywheel:

Adam Livingston

17,939 görüntüleme • 1 ay önce

🔥METAPLANET PASSES 40K BITCOIN - MEGA BULLISH UPDATE🔥 Metaplanet just crossed 40,000 Bitcoin, and this video breaks down why that is such a massive deal. We go deep into Metaplanet’s latest Bitcoin buys, its increasingly aggressive capital raising strategy, BTC per share growth, Project NOVA, preferred share structure, and why this company is evolving into one of the most explosive Bitcoin treasury stories on Earth. In this video: - Metaplanet’s latest Bitcoin purchases - How they got to 40,000+ BTC - Why BTC per share matters more than raw dilution narratives -How warrants, preferreds, and capital markets fuel the strategy -What Project NOVA could mean for Japan’s Bitcoin future - Why this story could spiral into something enormous:
19:07

🔥METAPLANET PASSES 40K BITCOIN - MEGA BULLISH UPDATE🔥 Metaplanet just crossed 40,000 Bitcoin, and this video breaks down why that is such a massive deal. We go deep into Metaplanet’s latest Bitcoin buys, its increasingly aggressive capital raising strategy, BTC per share growth, Project NOVA, preferred share structure, and why this company is evolving into one of the most explosive Bitcoin treasury stories on Earth. In this video: - Metaplanet’s latest Bitcoin purchases - How they got to 40,000+ BTC - Why BTC per share matters more than raw dilution narratives -How warrants, preferreds, and capital markets fuel the strategy -What Project NOVA could mean for Japan’s Bitcoin future - Why this story could spiral into something enormous:

Adam Livingston

13,454 görüntüleme • 6 ay önce

A discussion between Bob Dewey, Phong Le, and me on why Bitcoin Treasury Companies exist, what the first real stress test for Digital Credit taught us, and the opportunity ahead for Bitcoin-backed financial innovation. TIMESTAMPS 0:04 - Why Bitcoin Treasury Companies Exist 7:22 - Financial Engineering Vs. Financial Innovation 14:24 - What Makes Bitcoin Treasury Companies Durable 18:42 - Does Bitcoin Need Treasury Companies? 22:20 - Addressing Bitcoin Treasury Company Criticism 26:46 - Growing Demand For Bitcoin-Backed Products 30:11 - What Has Surprised The CEOs Most 36:06 - The Evolution Of Digital Credit Products 45:10 - Lessons From The First Market Stress Test 53:10 - Bitcoin Market Depth And Liquidity 55:21 - Why Selling Bitcoin Is Not A Contradiction 1:03:37 - The Future Of Bitcoin Treasury Companies $MSTR $ASST $STRC $SATA $BTC
1:07:50

A discussion between Bob Dewey, Phong Le, and me on why Bitcoin Treasury Companies exist, what the first real stress test for Digital Credit taught us, and the opportunity ahead for Bitcoin-backed financial innovation. TIMESTAMPS 0:04 - Why Bitcoin Treasury Companies Exist 7:22 - Financial Engineering Vs. Financial Innovation 14:24 - What Makes Bitcoin Treasury Companies Durable 18:42 - Does Bitcoin Need Treasury Companies? 22:20 - Addressing Bitcoin Treasury Company Criticism 26:46 - Growing Demand For Bitcoin-Backed Products 30:11 - What Has Surprised The CEOs Most 36:06 - The Evolution Of Digital Credit Products 45:10 - Lessons From The First Market Stress Test 53:10 - Bitcoin Market Depth And Liquidity 55:21 - Why Selling Bitcoin Is Not A Contradiction 1:03:37 - The Future Of Bitcoin Treasury Companies $MSTR $ASST $STRC $SATA $BTC

Matt Cole

104,010 görüntüleme • 2 ay önce

🔥MSTR WILL BE WORTH TRILLIONS - SHAREHOLDERS ARE THE NEW WEALTHY ELITE🔥 In this video, I break down why Strategy, ticker MSTR, will become one the most important public company on Earth. Most people look at MSTR and scream about mNAV, dilution, debt, preferreds, and premiums like they just discovered a calculator in a gas station bathroom. But the real question is simple: How much Bitcoin economically belongs to common shareholders after senior claims? When you factor in STRC, preferred capital, senior claims, common issuance, and Bitcoin appreciation, the upside starts looking genuinely absurd. In this video, I break down: Why Bitcoin looks historically cheap versus its 4-year moving average How Strategy’s current Bitcoin stack could be worth $1 trillion by 2030 How STRC can function as a Bitcoin accumulation engine Why Strategy has multiple paths to a trillion-dollar valuation ...and why MSTR shareholders will become the new wealthy elite:
24:09

🔥MSTR WILL BE WORTH TRILLIONS - SHAREHOLDERS ARE THE NEW WEALTHY ELITE🔥 In this video, I break down why Strategy, ticker MSTR, will become one the most important public company on Earth. Most people look at MSTR and scream about mNAV, dilution, debt, preferreds, and premiums like they just discovered a calculator in a gas station bathroom. But the real question is simple: How much Bitcoin economically belongs to common shareholders after senior claims? When you factor in STRC, preferred capital, senior claims, common issuance, and Bitcoin appreciation, the upside starts looking genuinely absurd. In this video, I break down: Why Bitcoin looks historically cheap versus its 4-year moving average How Strategy’s current Bitcoin stack could be worth $1 trillion by 2030 How STRC can function as a Bitcoin accumulation engine Why Strategy has multiple paths to a trillion-dollar valuation ...and why MSTR shareholders will become the new wealthy elite:

Adam Livingston

23,786 görüntüleme • 4 ay önce

“There was never any talk of the risk.” Peter Schiff is just lying at this point. The risk of $STRC was always obvious: it is preferred equity issued by a Bitcoin Treasury Company. Saylor said it clearly: if Bitcoin goes down long term or forever, that is the risk. And what are we seeing now? Bitcoin under pressure. Liquidity rotated into AI and IPOs. Maximum fear. STRC down. That is not some hidden scandal. That is risk premium repricing. Strategy does not magically control STRC’s market price. They can adjust the dividend rate, but the market prices the risk of Bitcoin and Strategy’s ability to keep paying dividends. And when Bitcoin starts going up again, what do you think happens? The same risk premium reprices in the other direction. If you buy preferred equity in a Bitcoin company, you are making one core assumption: Bitcoin goes up over the long term. That was never hidden.
0:42

“There was never any talk of the risk.” Peter Schiff is just lying at this point. The risk of $STRC was always obvious: it is preferred equity issued by a Bitcoin Treasury Company. Saylor said it clearly: if Bitcoin goes down long term or forever, that is the risk. And what are we seeing now? Bitcoin under pressure. Liquidity rotated into AI and IPOs. Maximum fear. STRC down. That is not some hidden scandal. That is risk premium repricing. Strategy does not magically control STRC’s market price. They can adjust the dividend rate, but the market prices the risk of Bitcoin and Strategy’s ability to keep paying dividends. And when Bitcoin starts going up again, what do you think happens? The same risk premium reprices in the other direction. If you buy preferred equity in a Bitcoin company, you are making one core assumption: Bitcoin goes up over the long term. That was never hidden.

Alex 👽

21,276 görüntüleme • 3 ay önce

🔥HOW STRATEGY, METAPLANET, AND STRIVE WILL BRING US $1,000,000 BITCOIN🔥 A new financial engine is live and it’s about to pull Bitcoin into the seven-figure range. This is not a hype cycle. It’s a capital flow inevitability. In this presentation, I break down the reflexive flywheel powering Strategy, Metaplanet, and Strive,three public companies using Bitcoin-backed preferred equity to convert fixed-income capital into relentless BTC demand. Topics Covered: How the STRC/ATM flywheel amplifies every $1 of equity into $1.33 of Bitcoin Why global allocators will flee 0–4% bonds for 11% yield backed by BTC How just 0.5% of the $153T bond market creates a $765B inflow Why post-2028 halving leaves only 82k BTC/year… vs 376k BTC/year in corporate absorption Why $1 million per BTC is the mathematical clearing price. The bond market is 150× larger than Bitcoin. The flywheel already operates across continents. PRICE IS THE FINAL VARIABLE:
22:04

🔥HOW STRATEGY, METAPLANET, AND STRIVE WILL BRING US $1,000,000 BITCOIN🔥 A new financial engine is live and it’s about to pull Bitcoin into the seven-figure range. This is not a hype cycle. It’s a capital flow inevitability. In this presentation, I break down the reflexive flywheel powering Strategy, Metaplanet, and Strive,three public companies using Bitcoin-backed preferred equity to convert fixed-income capital into relentless BTC demand. Topics Covered: How the STRC/ATM flywheel amplifies every $1 of equity into $1.33 of Bitcoin Why global allocators will flee 0–4% bonds for 11% yield backed by BTC How just 0.5% of the $153T bond market creates a $765B inflow Why post-2028 halving leaves only 82k BTC/year… vs 376k BTC/year in corporate absorption Why $1 million per BTC is the mathematical clearing price. The bond market is 150× larger than Bitcoin. The flywheel already operates across continents. PRICE IS THE FINAL VARIABLE:

Adam Livingston

19,163 görüntüleme • 8 ay önce

I joined Katie Greifeld and Romaine Bostick on Bloomberg today to discuss Strategy’s evolution into a Digital Capital platform, our $3B cash reserve, $STRC, balance sheet resilience, and our long-term commitment to Bitcoin. 01:17 - Strategy’s evolution from Bitcoin Treasury Company to full Digital Capital platform 01:25 - Over 840,000 BTC, $10.5B of $STRC, and Strategy’s responsibilities 01:45 - Why Strategy built a $3B cash reserve after listening to preferred shareholders 02:30 - The path for $STRC: build USD reserves, return $STRC to par, issue more $STRC, and buy $BTC 04:22 - $MSTR’s goal: outperform Bitcoin over time while managing volatility through bull and bear markets 05:41 - Balance sheet resilience and why debt risk is low 06:50 - Strategy’s long-term Bitcoin commitment: “We’re not going anywhere” 07:04 - Bitcoin is bigger than Strategy: 4% ownership, $30–40B of daily volume, and bitcoin sales that did not move the market 08:46 - Software, AI, Bitcoin, and the maturity of a 25-year public company operating inside digital finance
9:08

I joined Katie Greifeld and Romaine Bostick on Bloomberg today to discuss Strategy’s evolution into a Digital Capital platform, our $3B cash reserve, $STRC, balance sheet resilience, and our long-term commitment to Bitcoin. 01:17 - Strategy’s evolution from Bitcoin Treasury Company to full Digital Capital platform 01:25 - Over 840,000 BTC, $10.5B of $STRC, and Strategy’s responsibilities 01:45 - Why Strategy built a $3B cash reserve after listening to preferred shareholders 02:30 - The path for $STRC: build USD reserves, return $STRC to par, issue more $STRC, and buy $BTC 04:22 - $MSTR’s goal: outperform Bitcoin over time while managing volatility through bull and bear markets 05:41 - Balance sheet resilience and why debt risk is low 06:50 - Strategy’s long-term Bitcoin commitment: “We’re not going anywhere” 07:04 - Bitcoin is bigger than Strategy: 4% ownership, $30–40B of daily volume, and bitcoin sales that did not move the market 08:46 - Software, AI, Bitcoin, and the maturity of a 25-year public company operating inside digital finance

Phong Le

489,402 görüntüleme • 2 ay önce

🔥WHY I AM EVEN MORE BULLISH ON STRIVE (ASST) - TOTAL, UTTER, COMPLETE BITCOIN BUYING DOMINATION🔥 I could not possibly be more bullish on ASST. Here I break down the recent performance of SATA + ASST, and why I believe ASST will go to $100 sooner rather than later. I think this is a $1.2 billion company that will become worth $120 billion in relatively short order. THIS ISN'T YOUR GRANDMA'S BITCOIN TREASURY COMPANY, KIDS. I AM GIGA-BULLISH:
25:13

🔥WHY I AM EVEN MORE BULLISH ON STRIVE (ASST) - TOTAL, UTTER, COMPLETE BITCOIN BUYING DOMINATION🔥 I could not possibly be more bullish on ASST. Here I break down the recent performance of SATA + ASST, and why I believe ASST will go to $100 sooner rather than later. I think this is a $1.2 billion company that will become worth $120 billion in relatively short order. THIS ISN'T YOUR GRANDMA'S BITCOIN TREASURY COMPANY, KIDS. I AM GIGA-BULLISH:

Adam Livingston

23,257 görüntüleme • 4 ay önce