Loading video...

Video Failed to Load

There was a problem loading this video. This could be due to a temporary network issue or the video might be unavailable.

Strategy x True North Interview: A cutting-edge conversation about the future of Strategy with the CEO, Phong Le. 00:21 – Welcome 03:24 – Bitcoin-backed credit: reinventing capital markets 06:13 – Robinhood listing prefs 10:00 – Scaling prefs to a $30–300B market 15:33 – Cultural movement around Strategy 20:20 –... show more

True North

30,730 subscribers

357,641 views • 9 months ago •via X (Twitter)

News & Politics Finance

Anya Rossi• Live Now

Private livecam show

0 Comments

No comments available

Comments from the original post will appear here

Related Videos

📺 The Bitcoin For Corporations Show Episode 8 now live — hosted by Pierre Rochard Phong Le, CEO of Strategy, shares how MSTR became the world’s first Bitcoin-native public company—and why it’s more than just a software stock. From capital markets to balance sheet strategy, Phong lays out the new rules of valuation in the #Bitcoin era. 00:00 – Intro: How to Value a Bitcoin Treasury Company 01:28 – Phong Le on Strategy’s Bitcoin Thesis 04:45 – Why MSTR Isn’t Just a Tech Stock Anymore 08:12 – The Role of FASB Accounting in Bitcoin Adoption 11:39 – Capital Markets: Equity, Debt & Bitcoin 15:20 – Convertible Bonds & Leveraged Bitcoin Exposure 19:05 – What Investors Miss When Valuing MSTR 23:34 – How Institutions View Bitcoin 27:48 – Risks, Volatility, and Shareholder Expectations 32:15 – Bitcoin’s Role in Long-Term Corporate Strategy 36:20 – Advice for Other Bitcoin Treasury Companies 39:12 – Building a Bitcoin-Backed Capital Market 43:10 – Addressing Bitcoin Volatility 46:00 – Why STRF Is Gaining Market Traction 48:30 – Final Thoughts from Phong Le

📺 The Bitcoin For Corporations Show Episode 8 now live — hosted by Pierre Rochard Phong Le, CEO of Strategy, shares how MSTR became the world’s first Bitcoin-native public company—and why it’s more than just a software stock. From capital markets to balance sheet strategy, Phong lays out the new rules of valuation in the #Bitcoin era. 00:00 – Intro: How to Value a Bitcoin Treasury Company 01:28 – Phong Le on Strategy’s Bitcoin Thesis 04:45 – Why MSTR Isn’t Just a Tech Stock Anymore 08:12 – The Role of FASB Accounting in Bitcoin Adoption 11:39 – Capital Markets: Equity, Debt & Bitcoin 15:20 – Convertible Bonds & Leveraged Bitcoin Exposure 19:05 – What Investors Miss When Valuing MSTR 23:34 – How Institutions View Bitcoin 27:48 – Risks, Volatility, and Shareholder Expectations 32:15 – Bitcoin’s Role in Long-Term Corporate Strategy 36:20 – Advice for Other Bitcoin Treasury Companies 39:12 – Building a Bitcoin-Backed Capital Market 43:10 – Addressing Bitcoin Volatility 46:00 – Why STRF Is Gaining Market Traction 48:30 – Final Thoughts from Phong Le

Bitcoin For Corporations

237,146 views • 1 year ago

Check out my conversation with Eric Semler, Chairman of Semler Scientific, which adopted a #Bitcoin treasury strategy in May 2024. We discussed the decision, why more public companies haven't followed Strategy's playbook, and why Bitcoin offers a contrarian edge. Semler Scientific currently HODLs 1273 Bitcoin! Timecodes: 00:00 Starting as journalist 6:14 What is Semler Scientific? 10:43 Michael Saylor's Bitcoin influence 13:15 $SMLR's Bitcoin strategy 15:45 What is a Bitcoin yield? 17:07 Why are companies investing in Bitcoin? 21:59 Convincing people to consider Bitcoin 24:08 Strategic Bitcoin Reserve 25:20 Bitcoin price in 2025 27:17 What will push Bitcoin adoption? 28:39 Using leverage to buy more Bitcoin 30:34 Macroeconomic picture 33:31 When will Bitcoin price reach $100k? 36:07 Will Bitcoin go mainstream? 39:39 Investing in tech and media

Check out my conversation with Eric Semler, Chairman of Semler Scientific, which adopted a #Bitcoin treasury strategy in May 2024. We discussed the decision, why more public companies haven't followed Strategy's playbook, and why Bitcoin offers a contrarian edge. Semler Scientific currently HODLs 1273 Bitcoin! Timecodes: 00:00 Starting as journalist 6:14 What is Semler Scientific? 10:43 Michael Saylor's Bitcoin influence 13:15 $SMLR's Bitcoin strategy 15:45 What is a Bitcoin yield? 17:07 Why are companies investing in Bitcoin? 21:59 Convincing people to consider Bitcoin 24:08 Strategic Bitcoin Reserve 25:20 Bitcoin price in 2025 27:17 What will push Bitcoin adoption? 28:39 Using leverage to buy more Bitcoin 30:34 Macroeconomic picture 33:31 When will Bitcoin price reach $100k? 36:07 Will Bitcoin go mainstream? 39:39 Investing in tech and media

Natalie Brunell ⚡️

819,695 views • 1 year ago

My Bitcoin Treasury & $MSTR Playbook discussion with Joe Burnett, MSBA. 0:00 - Intro 0:31 - Harvard to Strategy: CJ’s bitcoin treasury role 2:24 - The most important KPI for bitcoin treasury companies 5:14 - Why outperforming bitcoin is the ultimate benchmark 6:59 - Short-term price dislocations vs long-term performance 9:24 - Saylor’s forever time horizon 11:00 - Why volatility and volume matter for capital markets strategy 13:08 - The ideal bitcoin strategy for emerging treasury companies 16:04 - Why preferred equity is replacing convertible notes 19:03 - How Strategy designs its preferred equity products 21:02 - Should other companies copy Strategy’s preferred equity playbook? 23:17 - How leverage supports accretive dilution 26:58 - Who’s buying Strategy’s preferred equity products? 30:28 - The “iPhone moment” for bitcoin-backed securities 33:22 - How Strategy manages price stability for preferred equity 35:57 - Could stablecoin issuers adopt bitcoin-backed preferred equity? 38:03 - Credit amplification vs “speculative attack” 40:41 - Harvard’s $100M bitcoin buy 44:19 - Bitcoin’s terminal growth rate and the S&P 500 47:07 - Why bitcoin treasury companies trade at a NAV premium 49:18 - Strategy’s new mNAV issuance guidance 53:39 - The digital transformation of investor relations 56:17 - Why bitcoin is now Wall Street’s biggest fee generator 58:51 - Closing thoughts and where to find CJ

My Bitcoin Treasury & $MSTR Playbook discussion with Joe Burnett, MSBA. 0:00 - Intro 0:31 - Harvard to Strategy: CJ’s bitcoin treasury role 2:24 - The most important KPI for bitcoin treasury companies 5:14 - Why outperforming bitcoin is the ultimate benchmark 6:59 - Short-term price dislocations vs long-term performance 9:24 - Saylor’s forever time horizon 11:00 - Why volatility and volume matter for capital markets strategy 13:08 - The ideal bitcoin strategy for emerging treasury companies 16:04 - Why preferred equity is replacing convertible notes 19:03 - How Strategy designs its preferred equity products 21:02 - Should other companies copy Strategy’s preferred equity playbook? 23:17 - How leverage supports accretive dilution 26:58 - Who’s buying Strategy’s preferred equity products? 30:28 - The “iPhone moment” for bitcoin-backed securities 33:22 - How Strategy manages price stability for preferred equity 35:57 - Could stablecoin issuers adopt bitcoin-backed preferred equity? 38:03 - Credit amplification vs “speculative attack” 40:41 - Harvard’s $100M bitcoin buy 44:19 - Bitcoin’s terminal growth rate and the S&P 500 47:07 - Why bitcoin treasury companies trade at a NAV premium 49:18 - Strategy’s new mNAV issuance guidance 53:39 - The digital transformation of investor relations 56:17 - Why bitcoin is now Wall Street’s biggest fee generator 58:51 - Closing thoughts and where to find CJ

Chaitanya Jain

190,673 views • 1 year ago

How Bitcoin Can Be Killed For $8 Billion – Duke’s Campbell Harvey 00:00 Intro: 02:34 Why No Recession? 03:10 The Yield Curve Still Works 07:38 Bitcoin & Satoshi’s Vision 10:40 Future of Tokenized Assets 12:15 Bitcoin as a Store of Value 15:00 Why Bitcoin Is Volatile 18:18 Bitcoin vs Gold 20:10 Bitcoin Drawdowns & Recoveries 22:24 Crypto Speculation Is Declining 24:18 $8B Bitcoin Attack 28:25 Ethereum vs Bitcoin Security 32:25 Profiting From a Bitcoin Attack 34:00 Why Alts Stopped Winning 36:52 Tokenized Assets vs Crypto 41:18 Bitcoin Isn’t Digital Gold 42:48 Future of Money 45:20 Future of the Fed 47:50 AI Agents Need Crypto 50:30 Final Thoughts

How Bitcoin Can Be Killed For $8 Billion – Duke’s Campbell Harvey 00:00 Intro: 02:34 Why No Recession? 03:10 The Yield Curve Still Works 07:38 Bitcoin & Satoshi’s Vision 10:40 Future of Tokenized Assets 12:15 Bitcoin as a Store of Value 15:00 Why Bitcoin Is Volatile 18:18 Bitcoin vs Gold 20:10 Bitcoin Drawdowns & Recoveries 22:24 Crypto Speculation Is Declining 24:18 $8B Bitcoin Attack 28:25 Ethereum vs Bitcoin Security 32:25 Profiting From a Bitcoin Attack 34:00 Why Alts Stopped Winning 36:52 Tokenized Assets vs Crypto 41:18 Bitcoin Isn’t Digital Gold 42:48 Future of Money 45:20 Future of the Fed 47:50 AI Agents Need Crypto 50:30 Final Thoughts

The Wolf Of All Streets

207,917 views • 1 month ago

What happens when an Asian food brand turns into a Bitcoin powerhouse? Founder & CEO Norma @ DDC joins Magsplaining to talk treasuries, Asia’s capital edge, M&As, & Bitcoin rewards Episode Highlights 00:00 – From cooking content to Bitcoin stacking 01:31 – $DDC’s bold Bitcoin strategy 07:37 – How Asia’s markets give DDC a capital advantage 09:28 – Bitcoin-backed consumer rewards 13:08 – Heat recovery stories 15:24 – How Bitcoin supercharges M&A strategy 21:30 – Staying convicted through market cycles 26:07 – Safaris & the search for a dung beetle 28:17 – Milestones for ddcbtc Episode links 👇🏼

MAGS 🔑⛏️🚒

19,762 views • 9 months ago

LIVE NOW - Michael Salor’s Master Plan: "Fix the Money, Fix the World." Bitcoin to $21M. Strategy as a digital credit machine. An “8% bank account” for a billion people. Michael Michael Saylor joins Bankless for the first time to unpack: - Bitcoin becomes digital capital - Strategy’s Bitcoin credit machine - Quantum without panic - A new view on Ethereum - The “fix the money” thesis Enjoy the episode! -------------- TIMESTAMPS 0:00 Intro 1:00 Michael Saylor’s $21M Bitcoin thesis 4:33 What has to go right for Bitcoin to get there 11:00 Has Bitcoin adoption stalled out? 13:20 Why STRC became Strategy’s breakout product 18:05 The pitch behind a Bitcoin-backed money market 21:13 How STRC is engineered to stay stable 27:31 Where the 11.5% yield comes from 36:35 Is Strategy taking too much risk? 46:50 Does Strategy ever stop buying Bitcoin? 58:48 Quantum, panic, and the Bitcoin response 1:16:18 Michael Saylor on Ethereum today 1:25:46 “Fix the money, fix the world” 1:38:39 The crypto reactor and Strategy’s endgame

LIVE NOW - Michael Salor’s Master Plan: "Fix the Money, Fix the World." Bitcoin to $21M. Strategy as a digital credit machine. An “8% bank account” for a billion people. Michael Michael Saylor joins Bankless for the first time to unpack: - Bitcoin becomes digital capital - Strategy’s Bitcoin credit machine - Quantum without panic - A new view on Ethereum - The “fix the money” thesis Enjoy the episode! -------------- TIMESTAMPS 0:00 Intro 1:00 Michael Saylor’s $21M Bitcoin thesis 4:33 What has to go right for Bitcoin to get there 11:00 Has Bitcoin adoption stalled out? 13:20 Why STRC became Strategy’s breakout product 18:05 The pitch behind a Bitcoin-backed money market 21:13 How STRC is engineered to stay stable 27:31 Where the 11.5% yield comes from 36:35 Is Strategy taking too much risk? 46:50 Does Strategy ever stop buying Bitcoin? 58:48 Quantum, panic, and the Bitcoin response 1:16:18 Michael Saylor on Ethereum today 1:25:46 “Fix the money, fix the world” 1:38:39 The crypto reactor and Strategy’s endgame

Bankless

518,352 views • 4 months ago

Michael Saylor & Phong Le just addressed the biggest questions investors are asking: - Will Strategy sell Bitcoin soon? - Why move to semi-monthly dividends with $STRC (is daily next?) - What’s the endgame with $MSTR & Digital Credit Full raw Q&A with Michael Saylor & Phong Le — unfiltered. Share your thoughts on their responses below. Timestamps: 00:00 Introduction 03:22 Will Strategy Sell Bitcoin? 06:05 STRC ROC Tax Question 07:06 Saylor on Strive & $SATA 13:02 Future of STRC Dividends 16:41 Will Strategy Slow Buying Btc? 19:00 The $100 Peg 21:57 STRC, DeFi & Fragility 27:17 Why Is Bitcoin Stuck? 30:00 Monthly $STRK, $STRD, $STRF Dividends 31:38 Retiring Preferred Stock 35:06 Fixed 10% Yield 35:52 Scaling STRC 39:44 Winning Over Skeptics 42:58 Understanding MNAV Calculations 45:03 “Rip the Wings Off Shorts” 52:11 Ultimate STRC Product 59:52 Strategy at $10M Bitcoin 1:00:55 BTC Yield Metric 1:01:45 Custody & Proof of Reserves 1:03:58 Strategy as Investor Gateway 1:06:06 Teaching the Next Generation 1:08:12 Bitcoin’s Place in History

Michael Saylor & Phong Le just addressed the biggest questions investors are asking: - Will Strategy sell Bitcoin soon? - Why move to semi-monthly dividends with $STRC (is daily next?) - What’s the endgame with $MSTR & Digital Credit Full raw Q&A with Michael Saylor & Phong Le — unfiltered. Share your thoughts on their responses below. Timestamps: 00:00 Introduction 03:22 Will Strategy Sell Bitcoin? 06:05 STRC ROC Tax Question 07:06 Saylor on Strive & $SATA 13:02 Future of STRC Dividends 16:41 Will Strategy Slow Buying Btc? 19:00 The $100 Peg 21:57 STRC, DeFi & Fragility 27:17 Why Is Bitcoin Stuck? 30:00 Monthly $STRK, $STRD, $STRF Dividends 31:38 Retiring Preferred Stock 35:06 Fixed 10% Yield 35:52 Scaling STRC 39:44 Winning Over Skeptics 42:58 Understanding MNAV Calculations 45:03 “Rip the Wings Off Shorts” 52:11 Ultimate STRC Product 59:52 Strategy at $10M Bitcoin 1:00:55 BTC Yield Metric 1:01:45 Custody & Proof of Reserves 1:03:58 Strategy as Investor Gateway 1:06:06 Teaching the Next Generation 1:08:12 Bitcoin’s Place in History

Natalie Brunell ⚡️

254,838 views • 2 months ago

Welcome back to The Bitcoin Treasuries Podcast. Presented by Onramp. Today's guest is Phong Le, President and Chief Executive Officer of Strategy, the world's first and largest Bitcoin Treasury Company. We recorded this episode in Phong's office at Strategy Headquarters in Tysons, VA. A huge thank you to the Strategy team for their assistance in coordinating this project. Here's my conversation with Phong Le. 0:00 - Intro 0:32 - Phong’s background and experience at Strategy 2:40 - Serving on Strategy’s Board of Directors and how the Executive Team and Board work together 5:30 - Strategy’s international operations and headcount 6:57 - Strategy’s present day Business Intelligence operations 14:30 - Are Strategy employees Intrapreneurs? 20:44 - What did Phong learn from the last Crypto Winter? 28:35 - If Phong could choose the narrative for Bitcoin, what would it be? 44:34 - Does Phong push back on Treasurers that don’t adopt a Bitcoin Treasury Strategy? 47:39 - Talking KPIs and 53:43 - Should there be more Strategy replicas? 57:06 - Is STRK as successful as initially thought? 1:05:42 - Was the ATM of shares in the Fall too fast? 1:09:04 - Could it make sense for Strategy to buy its own shares back? 1:10:15 - How many people work on the Bitcoin Strategy team? 1:12:30 - How does Strategy measure success for its new Bitcoin advocacy role? 1:15:12 - Will Strategy become the largest and most profitable company in the world?

Welcome back to The Bitcoin Treasuries Podcast. Presented by Onramp. Today's guest is Phong Le, President and Chief Executive Officer of Strategy, the world's first and largest Bitcoin Treasury Company. We recorded this episode in Phong's office at Strategy Headquarters in Tysons, VA. A huge thank you to the Strategy team for their assistance in coordinating this project. Here's my conversation with Phong Le. 0:00 - Intro 0:32 - Phong’s background and experience at Strategy 2:40 - Serving on Strategy’s Board of Directors and how the Executive Team and Board work together 5:30 - Strategy’s international operations and headcount 6:57 - Strategy’s present day Business Intelligence operations 14:30 - Are Strategy employees Intrapreneurs? 20:44 - What did Phong learn from the last Crypto Winter? 28:35 - If Phong could choose the narrative for Bitcoin, what would it be? 44:34 - Does Phong push back on Treasurers that don’t adopt a Bitcoin Treasury Strategy? 47:39 - Talking KPIs and 53:43 - Should there be more Strategy replicas? 57:06 - Is STRK as successful as initially thought? 1:05:42 - Was the ATM of shares in the Fall too fast? 1:09:04 - Could it make sense for Strategy to buy its own shares back? 1:10:15 - How many people work on the Bitcoin Strategy team? 1:12:30 - How does Strategy measure success for its new Bitcoin advocacy role? 1:15:12 - Will Strategy become the largest and most profitable company in the world?

Tim Kotzman

1,193,074 views • 1 year ago

This is the interview to make you feel super bullish. Had a great time hosting Bill Miller on the show for the first time! We touched on a large range of topics, let us know what you think! Timecodes: 00:00 Why Bill is Bullish on Bitcoin 4:22 Gemini Orange Bitcoin Credit Card 5:43 Why Bitcoin Hasn't Gone Fully Mainstream…Yet 9:10 Rise of Corporate Bitcoin Treasuries 11:36 Bitcoin-Backed Securities 13:10 Bullish on Semler Scientific 14:18 Market Misunderstands Semler Scientific? 15:13 Bitcoin Rewards Cards and Points Inflation 17:54 Are Bitcoin Treasuries a Bubble 18:42 Stablecoins 20:42 Bitcoin and the US Treasury Market 21:34 Economic Outlook, Market Trends 23:05 Is a Recession Looming? 23:57 Bitcoin Price Predictions 25:13 The Future of Bitcoin Taxation 27:34 Inside Miller Value Partners’ Strategy 28:49 Can Anything Beat Bitcoin? 29:22 Becoming a Bitcoin Believer 30:03 Bitcoin Changes Your Worldview 31:22 Growing Up Around Legendary Investors 33:36 Bonding Over Bitcoin 35:19 The Pressure of a Famous Father 36:09 Trump vs. Elon Powered by Gemini with a shoutout about the Gemini credit card in the talk! 💳🧡

This is the interview to make you feel super bullish. Had a great time hosting Bill Miller on the show for the first time! We touched on a large range of topics, let us know what you think! Timecodes: 00:00 Why Bill is Bullish on Bitcoin 4:22 Gemini Orange Bitcoin Credit Card 5:43 Why Bitcoin Hasn't Gone Fully Mainstream…Yet 9:10 Rise of Corporate Bitcoin Treasuries 11:36 Bitcoin-Backed Securities 13:10 Bullish on Semler Scientific 14:18 Market Misunderstands Semler Scientific? 15:13 Bitcoin Rewards Cards and Points Inflation 17:54 Are Bitcoin Treasuries a Bubble 18:42 Stablecoins 20:42 Bitcoin and the US Treasury Market 21:34 Economic Outlook, Market Trends 23:05 Is a Recession Looming? 23:57 Bitcoin Price Predictions 25:13 The Future of Bitcoin Taxation 27:34 Inside Miller Value Partners’ Strategy 28:49 Can Anything Beat Bitcoin? 29:22 Becoming a Bitcoin Believer 30:03 Bitcoin Changes Your Worldview 31:22 Growing Up Around Legendary Investors 33:36 Bonding Over Bitcoin 35:19 The Pressure of a Famous Father 36:09 Trump vs. Elon Powered by Gemini with a shoutout about the Gemini credit card in the talk! 💳🧡

Natalie Brunell ⚡️

191,877 views • 1 year ago

"#Bitcoin is our hurdle rate." In this talk featuring Phong Le, Matt Cole, Tyler Evans, and Natalie Brunell ⚡️, the panel describes how Strategy and Strive are creating a product that has the makings of a $3 trillion dollar market category. Chapters: 00:22 - Why Bitcoin Needs Credit 00:47 - Origins of STRC Product 01:28 - Democratizing Access to Yield 02:28 - Corporate Balance Sheet Strategy 04:40 - Packaging Bitcoin for Institutions 06:32 - Retail Interest in Credit 09:24 - Stress Testing Digital Credit 12:12 - Understanding Underlying Collateral 16:20 - The Five-Year Outlook 18:43 - Scaling the Credit Ecosystem 20:16 - Closing Thoughts and Predictions

"#Bitcoin is our hurdle rate." In this talk featuring Phong Le, Matt Cole, Tyler Evans, and Natalie Brunell ⚡️, the panel describes how Strategy and Strive are creating a product that has the makings of a $3 trillion dollar market category. Chapters: 00:22 - Why Bitcoin Needs Credit 00:47 - Origins of STRC Product 01:28 - Democratizing Access to Yield 02:28 - Corporate Balance Sheet Strategy 04:40 - Packaging Bitcoin for Institutions 06:32 - Retail Interest in Credit 09:24 - Stress Testing Digital Credit 12:12 - Understanding Underlying Collateral 16:20 - The Five-Year Outlook 18:43 - Scaling the Credit Ecosystem 20:16 - Closing Thoughts and Predictions

Bitcoin For Corporations

97,241 views • 3 months ago

WATCH: #Bitcoin Treasuries: We're Just Getting Started We Discuss: ⚡️ Swan’s Series C and treasury deal ⚡️ Leveraged Bitcoin equities ⚡️ Fixed income flows into Bitcoin ⚡️ Corporate Bitcoin adoption strategies Timestamps: 00:00 Swan-Sequans Treasury Partnership 2:45 Bitcoin Treasury Endgame 4:59 Leveraged Bitcoin Equities 6:30 Breaking Down the Strategy 7:30 Ads (Ledger) 8:14 Breaking Down the Strategy 12:07 Unique Arbitrage Opportunities 15:35 Differentiating Good vs Bad Actors 17:55 Fixed Income Opportunity 19:36 When do the Floodgates Open? 22:53 Ads (Ledger) 23:38 When do the Floodgates Open? 25:06 Swan’s Goals 28:33 Crypto Treasury Companies 30:44 Is this Bull Market Different? 32:44 Bitcoin Treasury Doomsday 36:00 Moving Toward Hyperbitcoinization 38:40 Final Thoughts Bitcoin Cory 🦢 Swan.com The Bitcoin Historian Links Below ↓

WATCH: #Bitcoin Treasuries: We're Just Getting Started We Discuss: ⚡️ Swan’s Series C and treasury deal ⚡️ Leveraged Bitcoin equities ⚡️ Fixed income flows into Bitcoin ⚡️ Corporate Bitcoin adoption strategies Timestamps: 00:00 Swan-Sequans Treasury Partnership 2:45 Bitcoin Treasury Endgame 4:59 Leveraged Bitcoin Equities 6:30 Breaking Down the Strategy 7:30 Ads (Ledger) 8:14 Breaking Down the Strategy 12:07 Unique Arbitrage Opportunities 15:35 Differentiating Good vs Bad Actors 17:55 Fixed Income Opportunity 19:36 When do the Floodgates Open? 22:53 Ads (Ledger) 23:38 When do the Floodgates Open? 25:06 Swan’s Goals 28:33 Crypto Treasury Companies 30:44 Is this Bull Market Different? 32:44 Bitcoin Treasury Doomsday 36:00 Moving Toward Hyperbitcoinization 38:40 Final Thoughts Bitcoin Cory 🦢 Swan.com The Bitcoin Historian Links Below ↓

Supply Shock

18,956 views • 1 year ago

From food empire to building a 10,000 Bitcoin treasury. My interview with the lovely Norma Chu ⤵️ Timecodes: 00:00 Meet Norma Chu, DDC Founder & CEO 2:28 How DayDayCook Began 5:36 Becoming a Cooking Influencer 6:25 Food as a Shared Passion 9:42 Norma Chu Discovers Bitcoin 12:46 Taking a Company Public 19:33 DDC’s Bitcoin Treasury Strategy 22:01 How Much Bitcoin Does DDC Hold? 23:58 Is China Really Anti-Bitcoin? 26:38 Too Many Bitcoin Treasury Companies? 30:00 Why DDC Is Stacking Bitcoin 31:07 Getting More Women Into Bitcoin 33:08 How to Drive Bitcoin Adoption 35:06 Broken Money System Hurts Food

From food empire to building a 10,000 Bitcoin treasury. My interview with the lovely Norma Chu ⤵️ Timecodes: 00:00 Meet Norma Chu, DDC Founder & CEO 2:28 How DayDayCook Began 5:36 Becoming a Cooking Influencer 6:25 Food as a Shared Passion 9:42 Norma Chu Discovers Bitcoin 12:46 Taking a Company Public 19:33 DDC’s Bitcoin Treasury Strategy 22:01 How Much Bitcoin Does DDC Hold? 23:58 Is China Really Anti-Bitcoin? 26:38 Too Many Bitcoin Treasury Companies? 30:00 Why DDC Is Stacking Bitcoin 31:07 Getting More Women Into Bitcoin 33:08 How to Drive Bitcoin Adoption 35:06 Broken Money System Hurts Food

Natalie Brunell ⚡️

1,030,823 views • 11 months ago

My conversation with Tony Tony Edward (Thinking Crypto Podcast) Filmed on 6/24/26 0:00 - Solving The Debasement Gap 2:45 - Introducing Jeff Walton And Strive 3:14 - Jeff Walton’s Background 5:41 - Discovering Bitcoin And Strategy 9:07 - Bitcoin As Digital Capital 10:04 - Strive’s Mission 13:20 - SATA’s Daily Dividends 14:42 - How SATA Generates Yield 17:31 - Strive’s Bitcoin Acquisition Strategy 20:37 - Is There A Cap On SATA’s Yield? 22:50 - Avoiding Debt And Convertible Bonds 25:08 - Digital Credit Explained 29:38 - How To Evaluate Bitcoin Treasury Companies 31:50 - SATA Versus STRC 33:39 - The Clarity Act And Bitcoin Reserve 39:03 - SpaceX And Corporate Bitcoin Adoption 42:52 - How AI Is Impacting Bitcoin 49:21 - Strive’s Roadmap And Tokenization

My conversation with Tony Tony Edward (Thinking Crypto Podcast) Filmed on 6/24/26 0:00 - Solving The Debasement Gap 2:45 - Introducing Jeff Walton And Strive 3:14 - Jeff Walton’s Background 5:41 - Discovering Bitcoin And Strategy 9:07 - Bitcoin As Digital Capital 10:04 - Strive’s Mission 13:20 - SATA’s Daily Dividends 14:42 - How SATA Generates Yield 17:31 - Strive’s Bitcoin Acquisition Strategy 20:37 - Is There A Cap On SATA’s Yield? 22:50 - Avoiding Debt And Convertible Bonds 25:08 - Digital Credit Explained 29:38 - How To Evaluate Bitcoin Treasury Companies 31:50 - SATA Versus STRC 33:39 - The Clarity Act And Bitcoin Reserve 39:03 - SpaceX And Corporate Bitcoin Adoption 42:52 - How AI Is Impacting Bitcoin 49:21 - Strive’s Roadmap And Tokenization

Jeff Walton

14,422 views • 1 month ago

📺 The Bitcoin For Corporations Show Episode 19 is now live — hosted by Pierre Rochard Strategy Q3 Earnings Call Recap in conversation with Spencer Nichols. On the "BTC refinery" model, MSTR's new B- credit rating, and the future of BTC-backed credit spreads. 00:00 – Saylor's “Monster” Idea 02:01 – Q3 Highlights: Dividend Hike, Market Reactions & Marketing Strategy 06:44 – The Digital Credit Vision 14:00 – Conservation of Volatility: Investor Education & Preferred Share Mechanics 21:10 – S&P’s First Bitcoin Treasury Rating: What a B– Really Means 30:03 – Converts vs. Preferreds: Rethinking Leverage & Sequence of Returns 36:43 – Creating a (M)on(ST)e(R) 56:47 – Closing Thoughts: Share Buybacks, Strategy Risks

📺 The Bitcoin For Corporations Show Episode 19 is now live — hosted by Pierre Rochard Strategy Q3 Earnings Call Recap in conversation with Spencer Nichols. On the "BTC refinery" model, MSTR's new B- credit rating, and the future of BTC-backed credit spreads. 00:00 – Saylor's “Monster” Idea 02:01 – Q3 Highlights: Dividend Hike, Market Reactions & Marketing Strategy 06:44 – The Digital Credit Vision 14:00 – Conservation of Volatility: Investor Education & Preferred Share Mechanics 21:10 – S&P’s First Bitcoin Treasury Rating: What a B– Really Means 30:03 – Converts vs. Preferreds: Rethinking Leverage & Sequence of Returns 36:43 – Creating a (M)on(ST)e(R) 56:47 – Closing Thoughts: Share Buybacks, Strategy Risks

Bitcoin For Corporations

38,299 views • 9 months ago

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

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

21,481 views • 1 month ago

What if everyone is measuring $MSTR wrong? In this conversation with Adrian Morris, founding member of True North (True North), we challenge some of the biggest assumptions in the Bitcoin Treasury space: • Why mNAV is really a sentiment metric • Why Bitcoin per share isn't a valuation metric • Why Strategy shouldn't defend its mNAV • The real story behind Strategy selling 32 $BTC • Why $STRC and $SATA may evolve very differently than investors expect • Why AI is attracting some of Bitcoin's capital One of the most thought-provoking $MSTR conversations we've had. If Adrian is right, investors may be looking at $MSTR completely wrong. $MSTR $ASST $MPJPY 00:00 Adrian Morris' Bitcoin Journey & Why He Bought MSTR 05:02 The Real Meaning of mNAV (Market Sentiment) 10:10 Why Bitcoin Treasury mNAVs Eventually Collapse 11:22 Should Bitcoin Treasury Companies Defend Their mNAV? 15:56 The Fatal Flaw in mNAV Buybacks 17:57 Why Strategy Should NOT Sell Bitcoin to Buy Back Shares 20:15 Why Did Strategy Sell 32 Bitcoin? 23:55 MSTR Myths, Margin Calls & X Misinformation 25:38 Why Bitcoin Per Share May Be Misleading Investors 31:09 The Endgame for Bitcoin Treasury Companies 34:42 The Future: REITs, Options & Bitcoin Financial Products 36:46 STRC, SATA & Bitcoin Preferred Shares Explained 41:22 Does STRC Guidance Even Matter? 43:12 Why SATA Outperformed STRC 45:42 Daily Dividends: Innovation or Hype? 48:30 Will STRC & SATA Eventually Cut Dividends? 54:54 Is AI Stealing Capital From Bitcoin? 01:00:51 Can Bitcoin Become AI's Security Layer? 01:03:56 Adrian's Message to Bitcoin Investors Watch the full episode 👇

What if everyone is measuring $MSTR wrong? In this conversation with Adrian Morris, founding member of True North (True North), we challenge some of the biggest assumptions in the Bitcoin Treasury space: • Why mNAV is really a sentiment metric • Why Bitcoin per share isn't a valuation metric • Why Strategy shouldn't defend its mNAV • The real story behind Strategy selling 32 $BTC • Why $STRC and $SATA may evolve very differently than investors expect • Why AI is attracting some of Bitcoin's capital One of the most thought-provoking $MSTR conversations we've had. If Adrian is right, investors may be looking at $MSTR completely wrong. $MSTR $ASST $MPJPY 00:00 Adrian Morris' Bitcoin Journey & Why He Bought MSTR 05:02 The Real Meaning of mNAV (Market Sentiment) 10:10 Why Bitcoin Treasury mNAVs Eventually Collapse 11:22 Should Bitcoin Treasury Companies Defend Their mNAV? 15:56 The Fatal Flaw in mNAV Buybacks 17:57 Why Strategy Should NOT Sell Bitcoin to Buy Back Shares 20:15 Why Did Strategy Sell 32 Bitcoin? 23:55 MSTR Myths, Margin Calls & X Misinformation 25:38 Why Bitcoin Per Share May Be Misleading Investors 31:09 The Endgame for Bitcoin Treasury Companies 34:42 The Future: REITs, Options & Bitcoin Financial Products 36:46 STRC, SATA & Bitcoin Preferred Shares Explained 41:22 Does STRC Guidance Even Matter? 43:12 Why SATA Outperformed STRC 45:42 Daily Dividends: Innovation or Hype? 48:30 Will STRC & SATA Eventually Cut Dividends? 54:54 Is AI Stealing Capital From Bitcoin? 01:00:51 Can Bitcoin Become AI's Security Layer? 01:03:56 Adrian's Message to Bitcoin Investors Watch the full episode 👇

One Chair

44,606 views • 2 months ago

Michael Saylor may have just revealed the future of Bitcoin treasury companies… and Strive is already building it. In this conversation with Strive's Chief Strategy Officer Avik Roy, we break down: • Why Strategy’s latest earnings call changed the game • The rise of digital credit ($STRC, $SATA & beyond) • Why some Bitcoin treasury firms failed • Why selling Bitcoin can actually be bullish • The next phase of institutional $BTC adoption One of the most insightful discussions we’ve had on Bitcoin treasury strategy. 00:00 Avik Roy’s Bitcoin Origin Story 14:26 What Avik Actually Does at Strive 17:39 Why Strive Wants to Become a PURE Bitcoin Company 20:19 Will Bitcoin Treasury Companies Start Consolidating? 27:14 Europe vs US Bitcoin Treasury Markets 29:00 Michael Saylor’s BIGGEST Earnings Call Hint 30:25 Why STRC Is Dominating the Market 33:22 The Most Shocking Part of Strategy’s Earnings Call 37:32 “Bitcoin Is Fungible… But Not for Taxes” 41:19 The Credit Rating Catalyst That Could Change Everything 44:18 Why Some Smaller Bitcoin Treasury Companies Failed 48:19 Will SATA & STRC Keep Paying Huge Yields? 52:35 Which Bitcoin Treasury Company Is Next? 56:44 “Bitcoin Treasuries Are Like Private Equity in the 1980s” 01:01:18 Macro Outlook: Bitcoin, Inflation & The Fed 01:05:08 Final Thoughts & Where to Follow Avik Roy Full episode 👇

Michael Saylor may have just revealed the future of Bitcoin treasury companies… and Strive is already building it. In this conversation with Strive's Chief Strategy Officer Avik Roy, we break down: • Why Strategy’s latest earnings call changed the game • The rise of digital credit ($STRC, $SATA & beyond) • Why some Bitcoin treasury firms failed • Why selling Bitcoin can actually be bullish • The next phase of institutional $BTC adoption One of the most insightful discussions we’ve had on Bitcoin treasury strategy. 00:00 Avik Roy’s Bitcoin Origin Story 14:26 What Avik Actually Does at Strive 17:39 Why Strive Wants to Become a PURE Bitcoin Company 20:19 Will Bitcoin Treasury Companies Start Consolidating? 27:14 Europe vs US Bitcoin Treasury Markets 29:00 Michael Saylor’s BIGGEST Earnings Call Hint 30:25 Why STRC Is Dominating the Market 33:22 The Most Shocking Part of Strategy’s Earnings Call 37:32 “Bitcoin Is Fungible… But Not for Taxes” 41:19 The Credit Rating Catalyst That Could Change Everything 44:18 Why Some Smaller Bitcoin Treasury Companies Failed 48:19 Will SATA & STRC Keep Paying Huge Yields? 52:35 Which Bitcoin Treasury Company Is Next? 56:44 “Bitcoin Treasuries Are Like Private Equity in the 1980s” 01:01:18 Macro Outlook: Bitcoin, Inflation & The Fed 01:05:08 Final Thoughts & Where to Follow Avik Roy Full episode 👇

One Chair

26,877 views • 3 months ago