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💸 PANEL: Does Cash Flow Still Matter? What matters more for #Bitcoin treasury companies — cash flow or balance sheet growth? Hear insights from Andrew Webley (The Smarter Web Company), Danny Yeung (Prenetics), and Abel Seow (BitGo) in this panel moderated by Stephan Livera. 📍BFC Symposium | Presented by Kraken

34,996 görüntüleme • 9 ay önce •via X (Twitter)

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The Smarter Web Company is currently the fastest growing Bitcoin Treasury Company in the world. The Smarter Web Company is also currently the best performing UK equity. Welcome back to The Bitcoin Treasuries Podcast. Powered by Onramp. Today's guest is Andrew Webley, CEO of The Smarter Web Company. We discuss the company's institutional investors, the tickers, mNAV months to cover, the firm's Bitcoin buying process, and more. Here's my conversation with Andrew Webley. 0:00 - Intro 0:11 - Smarter Web Company’s Big Bitcoin Move 2:57 - Institutional Investors in Smarter Web Company 6:21 - What are the tickers Smarter Web Company is trading under? 7:50 - What is the mNAV months to cover metric? 11:32 - What has surprised Andrew about the community around Smarter Web Company? 15:03 - Smarter Web Company’s Bitcoin buying process 19:45 - What questions does Andrew get from investors? 22:37 - How Andrew thinks through the media side of the business 26:18 - How Andrew thinks about investor relations 30:03 - Where does Andrew see the most amount of inbound and activity coming from? 32:29 - What is the ratio of Smarter Web’s investor base in the US vs UK? 36:28 - Andrew’s takeaways from Metaplanet still being the only Bitcoin Treasury company in Japan 42:08 - Where does Andrew see the Smarter Web Company going both operationally and with its treasury going forward? 45:09 - Will Bitcoin Treasury companies be the main driver of Bitcoin from $100K upwards? 49:17 - Closing thoughts and where to find Andrew online

Tim Kotzman

166,075 görüntüleme • 1 yıl önce

Panel at Bitcoin Amsterdam last Friday with Jurjen Meijer, Henry Elder, and Amanda Fabiano was INTERESTING... Someone finally asked the question everyone's been avoiding: What happens to treasury companies when they can't raise money anymore? Right now the model is simple: buy Bitcoin with cheap capital and hold. That works when markets are open. When you can issue debt at 0%. When investors will fund anything with "Bitcoin treasury" in the deck. But we've all lived through crypto winters. Funding dries up. Debt markets freeze. Companies die. And these are interesting times once again... Here's what separates companies that survive from ones that disappear: • Real cash flow, not just balance sheet appreciation • Operating businesses that work in bear markets • Yield generation from the Bitcoin you already hold • Infrastructure that doesn't depend on constant fundraising This is where Europe's time horizon matters. American institutions think in quarters. European institutions think in centuries. Sweden launched the first Bitcoin ETP in 2015. Set VAT precedent for all of Europe. Built tax structures for long-term holding. We're not optimizing for next quarter's earnings call. The moderator asked about consolidation, too. Five years out, how many treasury companies actually survive? Maybe 2-3 globally. Another 1-2 per region. Everyone else gets absorbed or dies when the cycle turns. True treasury management will be cash flow and putting those Bitcoin holdings to work. That's what separates the Nordics from companies still pretending "buy and hold" is a strategy. Check out the full panel discussion here:

David J.

11,972 görüntüleme • 7 ay önce