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In this episode, Adrian Morris returns to discuss one of the biggest questions facing MSTR (Strategy) and every Bitcoin treasury company: Can a pure Bitcoin strategy survive long term?
Adrian shares several contrarian views on Bitcoin treasury companies, Strategy's capital structure, STRC and SATA preferred shares, and why he believes the market is pricing these companies differently than most investors realize.
We also dive into whether Strategy is missing its biggest opportunity by focusing solely on Bitcoin instead of expanding its AI and business intelligence (BI) operations.
In this interview:
- Why Adrian believes Bitcoin treasury companies must evolve
- Can Strategy's Bitcoin-only model work long term?
- Why STRC and SATA behave like Bitcoin derivatives
- The future of Bitcoin treasury companies
- Will Strategy ever join the S&P 500?
- Why credit ratings may not matter as much as investors think
- Could NVIDIA, Apple, or other tech giants ever buy Bitcoin?
- Why AI isn't rotating into Bitcoin (yet)
- Metaplanet vs Strategy: Which model has the better future?
- The next major catalyst for Bitcoin adoption
Whether you're invested in MSTR, Bitcoin, Metaplanet, STRC, SATA, or the broader Bitcoin treasury company ecosystem, this conversation offers a unique perspective on where the market could be heading.
Follow our guest:
- Adrian Morris on X: https://x.com/_Adrian
- True North on X: https://x.com/TNorth
- True North on Youtube: https://www.youtube.com/@BTCTrueNorth
00:00 Adrian Morris Returns: Why Everyone Is Wrong About Bitcoin Treasury Stocks
03:30 Why AI Money Isn't Rotating Into Bitcoin Anytime Soon
05:20 What's the NEXT Catalyst for Bitcoin? (Not What You Think)
07:52 What Happens If NVIDIA Starts Buying Bitcoin?
11:55 Should Apple Replace Stock Buybacks With Bitcoin?
13:52 Strategy's Emergency 5-Point Plan Explained
18:09 Credit Ratings Are Missing the Real Problem
23:07 Will STRC & SATA Ever Become Stable?
28:33 Will Leverage Return? "Degens Are Gonna Degen"
29:46 The Hidden Volatility Nobody Sees in STRC
33:20 Strategy's Secret Growth Opportunity: AI & M&A
38:02 Could Strategy Become a Double Threat? (Bitcoin + AI)
42:13 Why Strategy Must Evolve Beyond Bitcoin
46:27 Is Strategy Still a Pure Bitcoin Company?
51:09 The Future of Bitcoin Treasury Companies (5-10 Year Outlook)
54:29 Why Metaplanet Might Be Ahead of Everyone Else
57:28 Is Strategy TOO Transparent?
01:00:56 Final Bitcoin Outlook: Ignore the Noise
Big thanks to Little Bubble for allowing us to use his song: "One Chair": https://open.spotify.com/track/0XW7JgR2Nlg7WXGOeVT64h?si=a344b82984f74f81DISCLAIMER: This is not is financial advice. This podcast is for educational and entertainment purposes only.
Thank you for listening!
Follow us on:
- X: https://x.com/OneChairPod
-Youtube: https://www.youtube.com/@OneChairPod
Referral links:
- Roxom: https://roxom.com/auth/signup?referral=a7m4wx
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Strategy has built a $3 billion cash reserve to strengthen its preferred securities.
But does becoming safer come at the cost of what made MSTR unique in the first place?
In this episode of the One Chair Podcast, we sit down with Jody Flournoy, co-founder of 21 Rates and co-host of Daily Stack, to discuss Strategy's evolving capital structure, the trade-off between safety and Bitcoin amplification, why the market reacted negatively, and whether Bitcoin treasury companies still offer a compelling advantage over simply owning Bitcoin.
We also explore Bitcoin treasury companies, custody risk, proof of reserves, AI investing, and how Jody thinks about portfolio construction in the age of Bitcoin and artificial intelligence.
In this episode:
• Why Strategy built a $3 billion cash reserve
• Does more safety reduce Bitcoin per share growth?
• Is MSTR still better than simply owning Bitcoin?
• The market's reaction to Strategy's latest move
• Custody risk and proof of reserves
• Bitcoin treasury companies vs self-custody
• Strategy, Strive, Metaplanet and the future of digital credit
• Why Jody remains bullish despite recent changes
• AI, Bitcoin and where capital may flow next
• Building an investment framework with AI
Follow Jody Flournoy:
X: https://x.com/JodyFlournoy
Daily Stack: https://x.com/DailyStackHQ
21 Rates: https://21rates.com
Timestamps:
00:00 Jody's Bitcoin Story: Buying BTC in 2017 & Never Selling
06:07 How Bitcoin Treasury Companies Changed Everything
08:59 Is Strategy (MSTR) Good or Bad for Bitcoin?
12:53 Could Strategy Ever Dump 850,000 Bitcoin?
15:06 The Biggest Risk for Bitcoin Treasuries: Custody & Governance
19:45 Proof of Reserves vs Traditional Custody: What Investors Need to Know
22:10 Could Governments Confiscate Bitcoin Treasury Holdings?
27:40 Why MSTR Stock Fell While Bitcoin Stayed Flat
32:46 Should You Buy Bitcoin or Bitcoin Treasury Stocks?
36:50 The AI Trade: Where Smart Money Is Moving Now
42:53 Will Money Rotate From AI Back Into Bitcoin?
47:29 Which Bitcoin Treasury CEO Impressed Jody the Most?
52:08 Using AI to Build a Better Bitcoin Investment Strategy
56:02 Why Every Bitcoiner Needs a Small "Trading Bag"
57:04 Why Self-Custody Helps You Avoid Emotional Trading
57:34 Where to Follow Jody Flournoy & The Daily Stack
Big thanks to Little Bubble for allowing us to use his song, “One Chair”: https://open.spotify.com/track/0XW7JgR2Nlg7WXGOeVT64h?si=hWtodY-kQPuZvJZwCAEVUw
DISCLAIMER: This is not financial advice. This podcast is for educational and entertainment purposes only.
Thank you for listening!
Follow us on X: https://x.com/OneChairPod
YouTube: https://www.youtube.com/@OneChairPod
Referral links:
Roxom: https://roxom.com/auth/signup?referral=a7m4wx
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Saknas det avsnitt?
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Capital B is preparing to bring the Strategy playbook to Europe, with plans to expand its Bitcoin balance sheet and build a new generation of Bitcoin-backed credit products.
In this episode, Alexandre Laizet joins us to explain Capital B’s long-term strategy, its new capital-raising capacity, and why perpetual credit could become the most efficient way for Bitcoin treasury companies to accumulate Bitcoin at scale. We discuss how Capital B plans to increase Bitcoin per share, why it has avoided fiat leverage so far, and what Europe can learn from Strategy and Strive.
Alexandre also breaks down the recent stress test for STRC and SATA, why seniority and cash reserves matter, and whether Bitcoin credit can be successfully replicated in European capital markets. He shares his outlook on institutional adoption, the hidden positioning taking place ahead of the next bull market, and why Bitcoin could eventually reach $600,000 and beyond.
Whether you’re following Capital B, Strategy (MSTR), Bitcoin treasury companies, STRC, SATA, or the emerging market for Bitcoin-backed credit, this conversation provides a detailed look at where the industry may be heading next.
Topics covered:
Capital B’s new capital-raising capacityWhy Capital B wants to replicate the Strategy playbook in EuropeThe $300 trillion global credit-market opportunityHow perpetual Bitcoin credit could increase Bitcoin per shareWhy Capital B currently has no fiat leverage on its Bitcoin treasuryWhat STRC and SATA revealed during the recent market stress testWhy seniority, investor protections, and cash reserves matterWhether Bitcoin-backed credit can work in EuropeWhy France could become a hub for European financial innovationShould Bitcoin treasury companies hold STRC as an operational reserve?How the Iran conflict affected Capital B’s Abu Dhabi operationsWhy institutional Bitcoin adoption is happening silentlyHow Bitcoin credit could create demand equivalent to two or three halvingsWhy institutions may already be positioning for the next Bitcoin bull marketAlexandre’s path from $60,000 Bitcoin to $600,000 and beyondWhy Bitcoin may be the safest way to gain exposure to the AI boomCapital B’s ambition to build Europe’s largest Bitcoin balance sheetFollow Alexandre Laizet:
X: https://x.com/AlexandreLaizet
LinkedIn: https://www.linkedin.com/in/alexandre-laizet/
Capital B: https://cptlb.com/
YouTube: https://www.youtube.com/@ALCPB
00:00 Prague Takeaways: The Growing Divide in Bitcoin
04:35 Capital B's €100B Credit Strategy Explained
12:42 How Close Is Capital B to Launching Digital Credit?
13:52 Why Bitcoin-Backed Credit Could Transform Finance
20:57 Bitcoin Convertible Notes vs Perpetual Digital Credit
26:53 Lessons from Strategy & Strive's Digital Credit Products
31:55 What STRC, STRF & SATA Taught the Market
38:15 Can Europe Replicate America's Bitcoin Credit Boom?
41:10 Why Bitcoin Treasury Companies Still Prefer Bitcoin
46:03 Capital B's Cash & Bitcoin Reserve Strategy
52:13 Bitcoin Market Outlook: Are Sellers Finally Exhausted?
57:29 Bitcoin to $300K? Alexandre's Bull Case
01:01:51 Where to Follow Alexandre & Learn More
Big thanks to Little Bubble for allowing us to use his song, “One Chair”: https://open.spotify.com/track/0XW7JgR2Nlg7WXGOeVT64h?si=hWtodY-kQPuZvJZwCAEVUw
DISCLAIMER: This is not financial advice. This podcast is for educational and entertainment purposes only.
Thank you for listening!
Follow us on X: https://x.com/OneChairPod
YouTube: https://www.youtube.com/@OneChairPod
Referral links:
Roxom: https://roxom.com/auth/signup?referral=a7m4wx
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Strategy just sold 3,588 Bitcoin, Bitcoin treasury stocks are under pressure, and a new battle is unfolding between corporate Bitcoin adoption and hedge funds.In this episode, Richard Byworth joins us to break down Strategy's latest Bitcoin sale, why the market reacted positively, and how Bitcoin treasury companies are evolving. We discuss Michael Saylor's capital markets playbook, why defending a 1.0 mNAV matters, and how companies like Strategy, Metaplanet, and XCE Connecting Excellence are reshaping corporate finance.
Richard also shares his views on digital credit, Switzerland's Bitcoin treasury landscape, nation-state Bitcoin adoption, and why he believes the next phase of Bitcoin adoption will be driven by capital markets rather than retail investors.
Whether you're following Strategy (MSTR), Metapanet, Bitcoin treasury companies, or the future of Bitcoin-backed financial products, this conversation is packed with insights you won't hear anywhere else.
Topics covered:
- Why Strategy sold 3,588 BTC and why the market liked it
- Michael Saylor's evolving Bitcoin treasury strategy
- Why defending a 1.0 mNAV matters
- How hedge funds attack Bitcoin treasury companies
- Strategy's new capital allocation framework
- Metaplanet and the next generation of Bitcoin treasury companies
- Why Switzerland is falling behind on Bitcoin treasury adoption
- Digital credit and the future of Bitcoin-backed financial products
- Nation-state Bitcoin adoption and sovereign Bitcoin reserves
- Richard Byworth's outlook on Bitcoin's next major move
Follow Richard Byworth:
- X: https://x.com/RichardByworth
- BYZ Partners: https://byzpartners.com/
00:00 Richard's Bitcoin Journey: From Gold Bug to Bitcoin Maximalist
05:44 Why Sapiens Orange-Pilled Richard (Unexpected Origin Story)
07:00 How Michael Saylor Created the Bitcoin Treasury Revolution
10:37 Understanding Convertible Bonds (Why Most Investors Miss This)
12:43 Strategy SOLD 3,588 BTC... Why the Market Loved It
16:47 Why Bitcoin Treasury Stocks Are So Hard to Value
18:14 Did Strategy Sell Bitcoin to Improve Its Credit Rating?
19:22 Why Every Bitcoin Treasury Should Defend a 1.0 mNAV
25:10 Are Traders Manipulating STRC & SATA?
27:44 Strategy's New Playbook: Less Transparency on Purpose?
29:24 Best Bitcoin Treasury Stocks Outside Strategy
35:39 Why Switzerland Rejected a Bitcoin Treasury Listing
39:01 When Will Digital Credit Come to Europe?
41:27 Richard's New Bitcoin Hedge Fund Explained
45:52 Nation States Are Quietly Preparing for Bitcoin
50:00 Is Bitcoin's Bottom Already In? Richard's Market Outlook
50:59 The Return of Richard's Podcast & Where to Follow Him
Big thanks to Little Bubble for allowing us to use his song: "One Chair": https://open.spotify.com/track/0XW7JgR2Nlg7WXGOeVT64h?si=a344b82984f74f81
DISCLAIMER: This is not financial advice. This podcast is for educational and entertainment purposes only.
Thank you for listening!
Follow us on:
- X: https://x.com/OneChairPod
- Youtube: https://www.youtube.com/@OneChairPod
Referral links:
- Roxom: https://roxom.com/auth/signup?referral=a7m4wx
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Metaplanet is getting crushed, Strategy (MSTR) is under pressure, and Bitcoin treasury stocks are being stress-tested in real time.
In this episode, Peter Duan joins us to break down what’s really happening across Bitcoin treasury companies, why Metaplanet may have a unique advantage in Japan, and how Strategy’s preferred shares like STRC and STRF are changing the market narrative.
We discuss Michael Saylor, MSTR, Metaplanet, Bitcoin preferred shares, hedge funds, investor communication, Japan’s low interest rate environment, and whether the current panic could mark the beginning of a much bigger Bitcoin treasury trade.
Topics covered:
- Why Metaplanet's recent selloff may be creating opportunity
- Strategy (MSTR) and the future of Bitcoin treasury companies
- Michael Saylor's communication strategy
- STRC, STRF, and Bitcoin preferred shares explained
- Why hedge funds are targeting Bitcoin treasury products
- Japan's unique advantage for Bitcoin treasury companies
- Institutional adoption of Bitcoin
- How Bitcoin treasury companies survive bear markets
- Investor communication and corporate strategy
- The future of Bitcoin-backed financial products
Follow Peter Duan:
- X: https://x.com/BTCBULLRIDER
00:00 Introduction to Peter Duan and Bitcoin Journey
03:28 Discovering Strategy (MSTR) & Bitcoin Treasury Companies
04:24 Why Peter Created Bull Standard
06:50 Did Anyone Expect Bitcoin Treasury Stocks to Crash This Hard?
09:26 Is Strategy (MSTR) Failing Its Investors?
12:59 The Biggest Communication Mistake Michael Saylor Made
15:37 Why Strategy Should Stop Making Changes
18:10 What Strategy MUST Do Next
20:02 Why Metaplanet Could Be the Biggest Winner
25:06 The Secret Advantage Only Metaplanet Has
27:17 Could Metaplanet Finance U.S. Bitcoin Treasury Companies?
30:16 Are Hedge Funds Crushing STRC, STRF & Bitcoin Preferreds?
36:11 Why Bitcoin Preferred Shares Could Stay Volatile
38:00 Should Strategy Sell Bitcoin to Save Preferred Shares?
43:02 The Most Underrated Bitcoin Treasury Companies
45:22 Why Smarter Web Is Winning the Communication Game
47:38 What's Wrong With Bitcoin Twitter Right Now?
48:26 The Massive Opportunity Nobody Is Talking About
Big thanks to Little Bubble for allowing us to use his song: "One Chair": https://open.spotify.com/track/0XW7JgR2Nlg7WXGOeVT64h?si=a344b82984f74f81
DISCLAIMER: This is not financial advice. This podcast is for educational and entertainment purposes only.
Thank you for listening!
Follow us on:
- X: https://x.com/OneChairPod
- Youtube: https://www.youtube.com/@OneChairPod
Referral links:
- Roxom: https://roxom.com/auth/signup?referral=a7m4wx
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Strategy (MSTR) has announced major updates that could significantly impact both common shareholders and preferred investors.
In this episode, we break down the company's new USD Reserve Policy, STRC dividend changes, Bitcoin monetization program, and share repurchase plans, and explain what these decisions mean for Strategy's future.
We also discuss whether the recent market panic is justified, why many investors misunderstand Strategy's balance sheet, and whether fears of liquidation have any basis in reality.In this video:
✅ Strategy's new $2.55B USD Reserve Policy
✅ Why STRC's dividend increased to 12%
✅ The new Bitcoin monetization program explained
✅ Preferred share & MSTR stock buyback authorization
✅ Did Strategy make a costly mistake?
✅ Is MSTR really at risk of liquidation?
✅ Bitcoin ETF outflows and current market sentiment
✅ What happens next for Strategy and Bitcoin investors
00:00 Overview: Everything Strategy just changed
03:16 New USD Reserve Policy explained
05:38 Why rebuilding the reserve matters
09:11 STRC dividend policy changes
12:54 Preferred share & MSTR buyback program
14:34 Bitcoin monetization: Why Strategy may sell BTC
16:15 Debunking the biggest MSTR misconceptions
19:57 Bitcoin, ETF outflows & what's next
Big thanks to Little Bubble for allowing us to use his song: "One Chair": https://open.spotify.com/track/0XW7JgR2Nlg7WXGOeVT64h?si=a344b82984f74f81
DISCLAIMER: This is not is financial advice. This podcast is for educational and entertainment purposes only.
Thank you for listening!
Follow us on:
- X: https://x.com/OneChairPod
- Youtube: https://www.youtube.com/@OneChairPod
Referral links:
- Roxom: https://roxom.com/auth/signup?referral=a7m4wx
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Can AI detect when Bitcoin is about to top or bottom?
In this episode of the One Chair Podcast, I sit down with Michael Sullivan, author of Blood of the Bourgeoisie and creator of one of the most fascinating AI-driven Bitcoin sentiment analysis models in the space.
Michael explains how he analyzes millions of words from Bitcoin Twitter (X) to measure emotions like fear, greed, optimism, conviction, desire, anger, and excitement—revealing patterns that traditional indicators completely miss.
We also dive into the psychology behind Bitcoin Treasury companies, why mNAV is largely driven by sentiment, and how companies like Strategy (MSTR), Metaplanet, Strive, 21 Capital, and SmarterWeb compete for mindshare in the Bitcoin ecosystem.
If you're interested in Bitcoin, AI, investing, market psychology, or Bitcoin Treasury companies, this conversation is packed with insights you won't hear anywhere else.
In this episode:
✅ How AI analyzes Bitcoin sentiment
✅ Why Bitcoin veterans think differently from newcomers
✅ Can language predict Bitcoin market tops and bottoms?
✅ Why Bitcoin Twitter feels so divided today
✅ Michael Saylor's four types of Bitcoiners explained
✅ The psychology behind Bitcoin Treasury company valuations
✅ Which Bitcoin Treasury companies dominate the narrative
✅ How emotions drive mNAV more than fundamentals
✅ Why today's bearish sentiment could actually be bullish
Follow Michael Sullivan:
- X: https://x.com/SullyMichaelvan
- Substack: https://sentimentsully.substack.com/
00:00 Michael's Bitcoin Journey: From Skeptic to Author & Researcher
02:20 Why Every Bitcoiner Should Read Blood of the Bourgeoisie
05:38 The Idea That Started Bitcoin Sentiment Analysis
08:43 How AI Measures Bitcoin Emotions Through Language
10:56 The Hidden Difference Between Bitcoin Veterans & Newcomers
13:22 Can AI Detect Sarcasm, Ragebait & Fake Narratives?
15:58 How AI Classifies Every Type of Bitcoiner
17:42 Bitcoin's Four Tribes Explained (Saylor's Framework)
19:57 Why Bitcoin Twitter Feels Like a Civil War Right Now
22:43 Why Bitcoin Conferences Feel Completely Different From X
25:19 Is Bitcoin Treasury mNAV Pure Market Psychology?
30:24 What Bitcoin Treasury Investors Are Really Feeling
33:31 Tracking the Mood of Individual Bitcoin Narratives
36:01 Could AI Predict Bitcoin Market Tops?
39:29 Why Almost Nobody Is Doing This Research Yet
41:16 Which Bitcoin Treasury Stocks Michael Is Watching
43:56 Why Today's Bearish Sentiment Might Be Bullish
45:23 Where to Follow Michael's Research
Big thanks to Little Bubble for allowing us to use his song: "One Chair": https://open.spotify.com/track/0XW7JgR2Nlg7WXGOeVT64h?si=a344b82984f74f81DISCLAIMER: This is not financial advice. This podcast is for educational and entertainment purposes only.
Thank you for listening!
Follow us on:
- X: https://x.com/OneChairPod
- Youtube: https://www.youtube.com/@OneChairPod
Referral links:
- Roxom: https://roxom.com/auth/signup?referral=a7m4wx
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What if Metaplanet isn't just copying Strategy, but building something even bigger?
In this conversation with Bitcoin Pharaoh, we explore why Metaplanet's long-term vision could make it one of the most important Bitcoin Treasury companies in the world. Instead of simply accumulating Bitcoin, the company is quietly building a global financial ecosystem designed to continuously acquire more Bitcoin across multiple jurisdictions.
We discuss Metaplanet's latest acquisitions, preferred share strategy, Japan's unique monetary environment, the lessons learned from Strategy's STRC volatility, and why cash-flow-generating businesses could become the missing piece for the next generation of Bitcoin Treasury companies.
If you're interested in Bitcoin, Strategy (MSTR), Metaplanet, or the future of Bitcoin Treasury companies, this is a conversation you won't want to miss.
In this episode:
- Why Metaplanet's strategy is different from every other Bitcoin Treasury company
- The hidden advantage of operating in Japan
- How preferred shares could reshape Bitcoin capital markets
- Lessons from Strategy's STRC depeg
- Why cash flow may matter more than financial engineering
- The future of Bitcoin Treasury companies
- Bitcoin Pharaoh's outlook on Bitcoin and the next market cycle
Follow Bitcoin Pharaoh:
- X: https://x.com/TheBTCPharaoh
- Substack: https://thepharaohbrief.substack.com/
00:00 Introduction: The BTCPharaoh's Bitcoin Journey
07:09 Why Metaplanet Is Different From Every Other Bitcoin Treasury
11:03 Mercury & Mars: The Next Bitcoin Financial Products?
11:52 What Metaplanet Learned From Strategy's STRC Depeg
15:26 Will Bitcoin Preferred Shares Become Truly Stable?
19:05 Is Metaplanet About to Launch a U.S. Preferred Stock?
20:57 Why Japan Gives Metaplanet a Massive Advantage
22:47 The "Double Carry Trade" That Could Supercharge Bitcoin Buying
26:34 Why Metaplanet Isn't Just Copying Strategy
29:39 Simon Gerovich's Long-Term Vision Is Finally Making Sense
30:12 Will Metaplanet Build Bitcoin Infrastructure Beyond Finance?
32:27 Why the New Board Members Could Change Everything
34:08 Why Less Communication Might Actually Be Bullish
37:56 The One Question He Would Ask Simon Gerovich
39:45 Is NAKA a Hidden Opportunity... or a Value Trap?
45:01 The Most Underrated Bitcoin Treasury Company Right Now
47:55 Europe Could Be the Next Bitcoin Treasury Battleground
48:40 Bitcoin Price Outlook: Bull Market or Bear Market?
50:55 The Biggest Mistake Bitcoin Investors Keep Making
52:19 Where to Follow TheBTCPharaoh
Big thanks to Little Bubble for allowing us to use his song: "One Chair": https://open.spotify.com/track/0XW7JgR2Nlg7WXGOeVT64h?si=a344b82984f74f81
DISCLAIMER: This is not is financial advice. This podcast is for educational and entertainment purposes only.
Thank you for listening!
Follow us on:
- X: https://x.com/OneChairPod
- Youtube: https://www.youtube.com/@OneChairPod
Referral links:
- Roxom: https://roxom.com/auth/signup?referral=a7m4wx
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In this episode of One Chair, Chase Palmieri joins Yves to break down the debate that exploded at Bitcoin Prague after Jack Mallers publicly challenged Michael Saylor's Bitcoin treasury strategy.
We dive into the core argument behind Strategy (MSTR), Bitcoin per share, dilution vs accretion, and why many investors may be looking at the wrong metrics. Chase also shares his surprising view on STRC vs SATA, why he believes Bitcoin credit products could become one of the biggest drivers of Bitcoin adoption, and how real estate may become Bitcoin's next multi-trillion-dollar source of capital.
Topics discussed:
✅ Michael Saylor vs Jack Mallers
✅ Is MSTR really dilutive?
✅ Bitcoin per share explained
✅ Strategy's latest Bitcoin purchase
✅ STRC vs SATA
✅ Why SATA may have an edge right now
✅ Bitcoin credit and digital credit products
✅ Bitcoin Prague highlights and key takeaways
✅ How Sovana connects real estate equity to Bitcoin exposure
✅ Bitcoin, macro markets, and the latest geopolitical developments
Whether you're a Bitcoin investor, MSTR shareholder, Strategy bull, or simply trying to understand the future of Bitcoin treasury companies, this conversation offers a deep dive into one of the most important debates in the market today.
Follow our guest:
- Chase Palmieri: https://x.com/chasepalmieri
- Sovana: https://x.com/SovanaHQ
- Sovana: https://www.sovana.io/
00:00 What Is Sovana? Turn Real Estate Equity Into Bitcoin Exposure
09:24 Is Strategy Diluting Shareholders? Chase Responds
12:42 Why Michael Saylor Is Keeping Investors Guessing
15:34 Why Strive Could Be the Biggest Bitcoin Winner After Strategy
19:59 Bitcoin Credit vs "Digital Credit" — The Debate Heats Up
24:05 STRC vs SATA: Which Bitcoin Yield Product Wins?
29:04 Is Strategy Taking More Risk Than Strive?
32:07 Jack Mallers Challenges Strategy's "Accretive Dilution" Narrative
38:21 Bitcoin vs Fiat: The Valuation Problem Nobody Understands
44:03 Bitcoin, Iran, Oil Markets & What Happens Next
46:39 Bitcoin Prague Highlights: Why Bitcoiners Remain Bullish
48:31 Where To Find Chase Palmieri & Learn More About Sovana
Big thanks to Little Bubble for allowing us to use his song: "One Chair": https://open.spotify.com/track/0XW7JgR2Nlg7WXGOeVT64h?si=a344b82984f74f81DISCLAIMER: This is not is financial advice. This podcast is for educational and entertainment purposes only.
Thank you for listening!
Follow us on:
- X: https://x.com/OneChairPod
- Youtube: https://www.youtube.com/@OneChairPod
Referral links:
- Roxom: https://roxom.com/auth/signup?referral=a7m4wx
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This week in Bitcoin Treasury news, everyone focused on Strategy's (MSTR) controversial 32 Bitcoin sale, but was that really the story that mattered?
We break down Strategy's latest purchase of 1,550 Bitcoin, the debate around dilution, the rebuilding of its cash reserve, and the questions surrounding STRC's recent depeg. We also discuss whether management is executing a larger plan that the market may be missing.
Topics covered:
• MSTR buys 1,550 Bitcoin after selling 32 BTC
• The real impact of Strategy's cash reserve decisions
• Why STRC temporarily lost its peg
• Is MSTR's latest Bitcoin purchase dilutive?
• STRC dividends move to semi-monthly payments
• Strive's viral 32 Bitcoin purchase
• Bitcoin's double-bottom setup and market outlook
• New Bitcoin Treasury companies entering the market
• BSTR, Capital B, and the next wave of Bitcoin treasury adoption
If you're interested in Bitcoin Treasury Companies, MSTR stock, Michael Saylor, STRC, Strive, ASST, Bitcoin-backed securities, and the future of corporate Bitcoin adoption, this episode is for you.
00:00 Strategy (MSTR) Buys 1,550 Bitcoin After Selling 32 BTC
02:31 Did Strategy Create Its Own Liquidity Problem?
08:07 Why Selling Just 32 Bitcoin Shocked the Market
10:27 Bullish Signal: Strategy Raised $180M During Peak Fear
11:23 BIG NEWS: STRC Dividends Go Semi-Monthly
12:56 Strive Buys the Famous 32 Bitcoin (Genius Marketing Move)
13:52 Final Thoughts
15:51 Future Outlook and New Entrants
Big thanks to Little Bubble for allowing us to use his song: "One Chair": https://open.spotify.com/track/0XW7JgR2Nlg7WXGOeVT64h?si=a344b82984f74f81
DISCLAIMER: This is not is financial advice. This podcast is for educational and entertainment purposes only.
Thank you for listening!
Follow us on:
- X: https://x.com/OneChairPod
- Youtube: https://www.youtube.com/@OneChairPod
Referral links:
- Roxom: https://roxom.com/auth/signup?referral=a7m4wx
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Is mNAV really a valuation metric? Is Bitcoin per share actually meaningful? And what if most investors are measuring MSTR completely wrong?
In this episode of One Chair, we sit down with Adrian Morris, longtime Bitcoiner and founding member of MSTR True North, for a deep dive into Strategy (MSTR), Bitcoin Treasury Companies, mNAV, Bitcoin per share, STRC, SATA, and the future of Bitcoin adoption.
Adrian argues that mNAV is sentiment. He explains why Bitcoin per share may be one of the most misunderstood metrics in the Bitcoin Treasury space, why defending mNAV could be a mistake, and what Strategy's recent Bitcoin sale really tells us about market psychology.
We also explore the future of Bitcoin Treasury companies, Strategy's preferred shares, dividend sustainability, institutional adoption, and why AI may be attracting the capital that Bitcoin expected to receive.
Whether you're a Strategy shareholder, Bitcoin investor, or simply trying to understand the next phase of Bitcoin adoption, this conversation challenges some of the most widely accepted assumptions in the market.
Follow our guest:
- Adrian Morris on X: https://x.com/_Adrian
- True North on X: https://x.com/TNorth
- True North on Youtube: https://www.youtube.com/@BTCTrueNorth
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
Big thanks to Little Bubble for allowing us to use his song: "One Chair": https://open.spotify.com/track/0XW7JgR2Nlg7WXGOeVT64h?si=a344b82984f74f81
DISCLAIMER: This is not is financial advice. This podcast is for educational and entertainment purposes only.
Thank you for listening!
Follow us on:
- X: https://x.com/OneChairPod
- Youtube: https://www.youtube.com/@OneChairPod
Referral links:
- Roxom: https://roxom.com/auth/signup?referral=a7m4wx
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Strategy sold Bitcoin for the first time since 2022... and the internet panicked.
But while everyone was focused on Strategy's sale of just 32 BTC, another Bitcoin treasury company may have quietly accumulated more than 2,000 Bitcoin in a single week.
In this episode, we break down:
✅ Why Michael Saylor's Strategy sold Bitcoin
✅ Why the 32 BTC sale may be completely irrelevant
✅ The reaction from Bitcoin critics like Peter Schiff and Jim Cramer
✅ Strive's explosive Bitcoin accumulation through SATA
✅ Whether Strive is becoming the next Metaplanet
✅ STRC dividend updates and what investors should watch
✅ ProCap selling Bitcoin for share buybacks
✅ Sequans abandoning its Bitcoin treasury strategy
✅ The future of Bitcoin treasury companies in a bear market
We also discuss why many investors may be focusing on the wrong signal while some of the fastest-growing Bitcoin treasury companies continue accumulating aggressively behind the scenes.
00:00 Strategy Sells Bitcoin for the First Time Since 2022
04:45 Will Strategy Change Its STRC Guidance?
08:31 Strive Quietly Bought 2,000+ Bitcoin Last Week?
11:56 Why Strive Could Become the Next Metaplanet
14:17 What If Bitcoin Doubles From Here? The Upside Nobody Discusses
15:33 Anthony Pompliano's ProCap Sells Bitcoin — Smart Move?
17:40 Sequans Exits Bitcoin Treasury Strategy After Selling 456 BTC
19:37 Schrödinger's Bitcoin: Can Bitcoin Win While Strategy Fails?
22:20 Why the Bitcoin Treasury Model Is Just Getting Started
Big thanks to Little Bubble for allowing us to use his song: "One Chair": https://open.spotify.com/track/0XW7JgR2Nlg7WXGOeVT64h?si=a344b82984f74f81
DISCLAIMER: This is not is financial advice. This podcast is for educational and entertainment purposes only.
Thank you for listening!
Follow us on:
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- Youtube: https://www.youtube.com/@OneChairPod
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Bitcoin Treasury companies are entering a new phase, and the market may be massively underpricing what happens next.
In this episode, we break down why Strive (ASST) could outperform Strategy (MSTR) despite being dramatically smaller, how the 55x size gap changes the upside potential, and why Bitcoin Treasury stocks may be replacing the altcoin trade entirely.
We also discuss:
- Strategy’s $1.5B bond buyback
- Michael Saylor’s latest comments on STRC
- Why daily Bitcoin dividends matter
- The rise of Bitcoin yield products
- Why institutions may rotate into Bitcoin treasury companies
- The future of Bitcoin-backed digital credit
- Lightning Network and financial engineering
- Metaplanet, STRC, SATA, and the next wave of Bitcoin finance
If Bitcoin treasury companies become the new financial rails for Bitcoin capital markets, this shift could become one of the biggest investing narratives of the decade.
00:00 Why Strategy Didn’t Buy Bitcoin This Week
03:22 Strategy’s Balance Sheet Cleanup & Preferred Share Opportunity
05:37 Will STRC Follow SATA With Daily Dividends?
08:29 The Hidden Power of Daily Bitcoin Yield Products
10:59 Strive vs Strategy: The Bitcoin Treasury Race Heats Up
14:16 Should Bitcoin Treasury Companies Sell BTC to Defend NAV?
19:05 Strategy’s Next Catalysts: Credit Ratings, S&P Inclusion & Innovation
22:06 Jeff Walton’s Bankless Interview & the ETH Capitulation Debate
25:21 Why Bitcoin Yield Could Replace the Altcoin Narrative
27:36 Metaplanet, Lightning & the Future of Bitcoin Treasury Companies
Big thanks to Little Bubble for allowing us to use his song: "One Chair": https://open.spotify.com/track/0XW7JgR2Nlg7WXGOeVT64h?si=a344b82984f74f81
DISCLAIMER: This is not is financial advice. This podcast is for educational and entertainment purposes only.
Thank you for listening!
Follow us on:
- X: https://x.com/OneChairPod
- Youtube: https://www.youtube.com/@OneChairPod
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Joe Burnett joins the show to explain why Bitcoin treasury companies, digital credit, and “amplified Bitcoin” could completely reshape global finance.
We break down Michael Saylor’s latest earnings call, Strive’s explosive growth, the rise of Bitcoin-backed yield products, and why Joe believes Bitcoin could eventually reach $1.6 million per coin.
We also discuss:
- Why digital credit may become Bitcoin’s biggest catalyst
- The future of Bitcoin treasury companies like Strive & Strategy
- Whether Bitcoin companies should ever sell BTC
- Why altcoins may struggle in the new Bitcoin era
- The Jeff Walton vs Coffeezilla debate
- How Bitcoin portfolios could evolve beyond the classic 60/40 model
- Why Wall Street is starting to pay attention to Bitcoin yield
Follow our guest:
- Joe Burnett on X: https://x.com/IIICapital
- Joe Burnett on Youtube: https://www.youtube.com/@JoeBurnett27
- True North on X: https://x.com/TNorth
- True North on Youtube: https://www.youtube.com/@BTCTrueNorth
00:00 Joe Burnett's Journey into Bitcoin
06:42 What Joe Burnett Actually Does at Strive
07:53 Why Strive Is Moving Faster Than Every Other Bitcoin Treasury Company
13:09 Strategy’s Shocking New Bitcoin Selling Plan Explained
19:06 The Most Important Takeaway from Strategy’s Earnings Call
25:18 Why Altcoins May Never Recover Against Bitcoin
28:11 Why Debt Is Dangerous for Bitcoin Treasury Companies
30:43 “The World Will Change This Week” — What Is Strive Building?
31:44 Strive’s New Digital Credit ETF Explained
34:31 Joe Burnett Reacts to Jeff Walton vs Coffeezilla
39:07 The Insurance Analogy That Changed the Debate
43:07 Which Bitcoin Treasury Companies Actually Matter?
47:58 Will Digital Credit Replace the 60/40 Portfolio?
52:17 Could Digital Credit Dividend Rates Stay High Forever?
57:58 Why Joe Thinks Bitcoin Is Entering a Historic New Era
Big thanks to Little Bubble for allowing us to use his song: "One Chair": https://open.spotify.com/track/0XW7JgR2Nlg7WXGOeVT64h?si=a344b82984f74f81
DISCLAIMER: This is not is financial advice. This podcast is for educational and entertainment purposes only.
Thank you for listening!
Follow us on:
- X: https://x.com/OneChairPod
- Youtube: https://www.youtube.com/@OneChairPod
Referral links:
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Michael Saylor may have just revealed the future of Bitcoin treasury companies… and Strive is already building it.
In this episode, we sit down with Strive's Chief Strategy Officer and Bitcoin policy expert Avik Roy for a deep dive into the next phase of the Bitcoin treasury revolution.
We cover:
⚡ Why Michael Saylor’s latest earnings call validated Strive’s strategy⚡ The “secret weapon” behind Strive’s Bitcoin accumulation model
⚡ Why preferred shares like STRC and SATA are changing capital markets
⚡ How digital credit could unlock trillions in institutional demand
⚡ Why some Bitcoin treasury companies failed during the bear market
⚡ The hidden risks of convertible debt and overleverage
⚡ Why Strategy may start SELLING Bitcoin, and why it could actually be bullish
⚡ The future of Bitcoin treasury consolidation and global expansion
⚡ Why Avik compares Bitcoin treasury companies to private equity in the 1980s
Avik also shares his incredible personal journey from biotech hedge funds and healthcare policy to becoming one of the leading voices in Bitcoin strategy and policy.
If you want to understand where Bitcoin treasury companies, digital credit, and institutional Bitcoin adoption are headed next — this conversation is essential.
Follow our guest:
- Avik Roy on X: https://x.com/Avik
- Avik Roy on Youtube: https://www.youtube.com/@Avik
- The Foundation for Research on Equal Opportunity (FREOPP): https://freopp.org/
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
Big thanks to Little Bubble for allowing us to use his song: "One Chair": https://open.spotify.com/track/0XW7JgR2Nlg7WXGOeVT64h?si=a344b82984f74f81DISCLAIMER: This is not is financial advice. This podcast is for educational and entertainment purposes only.
Thank you for listening!
Follow us on:
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- Youtube: https://www.youtube.com/@OneChairPod
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Strive just shocked the Bitcoin treasury market.
In this emergency podcast, we break down Strive’s massive announcement that SATA will begin paying DAILY dividends starting June 15th — a move that could completely reshape Bitcoin yield products, preferred equities, and the future of Bitcoin-backed finance.
Could this force Michael Saylor and Strategy to respond?
We discuss:
- Why daily Bitcoin yield changes the game
- How Strive may have solved Nasdaq dividend restrictions
- What this means for SATA and STRC
- Why volatility could collapse on these products
- The growing war between Strive and Strategy
- Whether Bitcoin treasury companies are entering a new era
- The implications for DeFi, tokenization, and Bitcoin-backed credit
- Why this summer could become “Paper Bitcoin Summer 2.0”
Follow our guest:- Tyler Rowe: https://x.com/TylerCompiler- BitcoinTreasuries.net: https://x.com/BTCtreasuries- BitcoinTreasuries.net: https://www.youtube.com/@BitcoinTreasuriesNet- BitcoinTreasuries.net: https://bitcointreasuries.net/- Treasury Orange: https://www.youtube.com/@TreasuryOrange
00:00 Strive’s SHOCKING Daily Dividend Announcement02:47 Daily Dividends Could Revolutionize Brokerage Cash05:10 Possible Workaround Strive Found Before Strategy06:56 Will Strategy Copy Strive Immediately?08:32 Did Strategy Delay Their Q&A Because of Strive?09:00 Speculations on Strategy's Response09:40 Wild Theory: Strive + Metaplanet Merger11:46 Bitcoin Treasury Innovation Is Accelerating FAST12:39 Could Daily Dividends Kill Arbitrage Opportunities?15:35 Why Strive Might Be the Most Innovative Bitcoin Treasury Company19:00 Will SATA Make Yield Tokens Obsolete?21:26 “Paper Bitcoin Summer 2.0”?Big thanks to Little Bubble for allowing us to use his song: "One Chair": https://open.spotify.com/track/0XW7JgR2Nlg7WXGOeVT64h?si=a344b82984f74f81DISCLAIMER: This is not is financial advice. This podcast is for educational and entertainment purposes only.Thank you for listening!Follow us on:
- X: https://x.com/OneChairPod- Youtube: https://www.youtube.com/@OneChairPodReferral links:- Roxom: https://roxom.com/auth/signup?referral=a7m4wx
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Michael Saylor just sent a brutal warning to MSTR shorts.
In this episode, Tyler Rowe from BitcoinTreasuries.net joins us to break down Strategy’s latest earnings call, the rise of STRC, and why Saylor says he wants to “rip the wings off” short sellers betting against MSTR.
We dive deep into:
- Why Strategy may start selling Bitcoin
- How STRC changes the MSTR game
- The future of Bitcoin treasury companies
- Whether MSTR shorts are trapped
- Jack Mallers & XXI Capital
- Lightning Network treasury strategies
- Bitcoin macro outlook for 2026
- Why the next halving could be massive
If you’re following Bitcoin, MSTR, STRC, Strategy, or the future of corporate Bitcoin adoption — this episode is a must-watch.
Follow our guest:
- Tyler Rowe: https://x.com/TylerCompiler
- BitcoinTreasuries.net: https://x.com/BTCtreasuries
- BitcoinTreasuries.net: https://www.youtube.com/@BitcoinTreasuriesNet
- BitcoinTreasuries.net: https://bitcointreasuries.net/
- Treasury Orange: https://www.youtube.com/@TreasuryOrange
00:00 Tyler Rowe returns to the One Share Podcast
03:08 Strategy earnings pre-call & STRC tracker
05:15 Saylor’s aggressive stance on selling Bitcoin
08:45 Can selling Bitcoin defend mNAV?
13:16 Ripping the wings off MSTR shorts
15:28 Strategy’s new optionality: BTC, STRC & buybacks
17:26 Strategy’s communication pivots
19:11 Does “never sell Bitcoin” weaken the balance sheet story?
21:03 Hyperinflation and the endgame
22:48 STRC-funded MSTR buybacks explained
26:24 Should Saylor buy Bitcoin more opportunistically?
27:48 Strategy’s cash reserve flexibility
29:39 DeFi protocols and STRC demand
33:30 Is STRC weaker in Bitcoin bull markets?
37:35 Can Strategy keep raising STRC yield?
41:43 Could digital credit yields rise over time?
47:30 Other Bitcoin treasury companies to watch
53:25 Bitcoin treasury companies building on Lightning
57:23 Bitcoin macro outlook for the rest of the year
01:03:49 XXI Capital, Jack Mallers and the Bitcoin company thesis
01:07:28 Where to find Tyler Rowe and BitcoinTreasuries.net
Big thanks to Little Bubble for allowing us to use his song: "One Chair": https://open.spotify.com/track/0XW7JgR2Nlg7WXGOeVT64h?si=a344b82984f74f81
DISCLAIMER: This is not is financial advice. This podcast is for educational and entertainment purposes only.
Thank you for listening!
Follow us on:
- X: https://x.com/OneChairPod
- Youtube: https://www.youtube.com/@OneChairPod
Referral links:
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Michael Saylor’s Strategy (MSTR) just changed the Bitcoin market forever.
In this deep-dive conversation, Chase Palmieri (COO at Sovana & Founder of Acropolis) breaks down the latest Strategy earnings call, STRC, Bitcoin treasury companies, digital credit, MSTR valuation, Metaplanet, Jack Mallers’ XXI, and why Bitcoin-backed financial products could disrupt global banking.
We cover:
• Why Strategy’s earnings call was so important
• The real meaning behind STRC and digital credit
• How Strategy could buy back MSTR shares
• Why Bitcoin treasury companies are just getting started
• Basel rules, S&P 500 inclusion & future credit ratings
• Why banks may soon wrap STRC products
• The hidden risks (and opportunities) of DeFi on STRC
• MSTR valuation, mNAV & Bitcoin price targets
• Metaplanet, XXI, Strike & the next wave of Bitcoin companies
• Why Bitcoin treasury products may become the new global carry trade
Follow our guest:
- Chase Palmieri: https://x.com/chasepalmieri
- Sovana: https://x.com/SovanaHQ
- Sovana: https://www.sovana.io/
00:00 Chase’s Bitcoin Origin Story
03:47 How Chase Discovered Strategy & MSTR
06:05 Strategy Earnings Call: Biggest Takeaways
08:20 Convertible Debt, Preferreds & Capital Strategy
09:59 Which Strategy Preferreds Could Be Retired?
11:45 Why Strategy Keeps Its Software Business
14:38 Could MSTR Reach a 6x mNAV?
19:46 STRC’s Growth During a Down Market
20:36 Strategy’s Credit Rating & USD Reserve
23:44 Banks, STRC & the Coming Yield War
25:07 Can STRC Become a High-Yield Cash Alternative?
28:14 DeFi Risks Built on Top of STRC
32:36 Why STRC’s Yield May Stay High
36:04 Digital Credit in a Bitcoin Portfolio
36:38 Digital Credit: Portfolio Positioning and Growth
41:03 Could Digital Credit Yields Reach 25%?
43:19 Other Bitcoin Treasury Companies to Watch
48:14 Macro Outlook: Has Bitcoin Bottomed?
50:08 The Next Wave of Bitcoin Treasury Companies
52:03 Jack Mallers, Strike, XXI & Tether
58:33 Bitcoin & MSTR Price Targets for Year-End
59:39 Closing Thoughts
Big thanks to Little Bubble for allowing us to use his song: "One Chair": https://open.spotify.com/track/0XW7JgR2Nlg7WXGOeVT64h?si=a344b82984f74f81
DISCLAIMER: This is not is financial advice. This podcast is for educational and entertainment purposes only.
Thank you for listening!
Follow us on:
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- Youtube: https://www.youtube.com/@OneChairPod
Referral links:
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Are Bitcoin treasuries taking on more risk than they realize?
In this episode, we break down the real risks of the Lightning Network, from hot wallet exposure to operational failures, and why this matters for companies holding Bitcoin.
While Lightning is often praised as Bitcoin’s scaling solution, there’s a critical tradeoff: speed and efficiency vs security and capital risk.
- Can Bitcoin treasuries safely deploy capital on Lightning?
- What happens if a node fails or gets compromised?
- And why might cold storage not be enough in the future?
We cover:
⚡ The biggest Lightning Network risks explained
🔐 Why hot wallets introduce new vulnerabilities
💼 The challenge for Bitcoin treasuries entering Lightning
📉 How funds can be lost (even without hacks)
🌍 Adoption, regulation, and long-term outlook
This is a must-watch for anyone interested in: Bitcoin, Lightning Network, crypto security, and institutional adoption.
Follow our guest:
- Dave Lund: https://x.com/davelund_
- Flowrate: https://www.flowrate.com/
00:00 Introduction: Lightning Network Risks
02:06 Lightning’s Core Limitation: Payments Need Liquidity Paths
04:24 Hot Wallet Risk: The Biggest Security Tradeoff
06:40 Bugs, Attacks & Lightning Node Failure Scenarios
08:53 Penalty Mechanism: How Lightning Prevents Cheating
11:09 Adoption Risk: Will Bitcoiners Actually Spend BTC?
12:45 Lightning vs Fiat Rails: Why Fees Matter
14:42 800,000 Stores: The Push Toward Mainstream Adoption
16:40 Regulation, Privacy & Onion Routing Risks
23:25 Bitcoin Treasuries: Should Companies Use Lightning?
29:14 Enterprise Lightning: Multi-Sig, Security & Reputation Risk
34:26 Best Lightning Panels to Watch Next
Big thanks to Little Bubble for allowing us to use his song: "One Chair": https://open.spotify.com/track/0XW7JgR2Nlg7WXGOeVT64h?si=a344b82984f74f81
DISCLAIMER: This is not is financial advice. This podcast is for educational and entertainment purposes only.
Thank you for listening!
Follow us on:
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- Youtube: https://www.youtube.com/@OneChairPod
Referral links:
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What if a “savings account” paying 11.5% could actually disrupt Wall Street?
In this episode, we sit down with Cris Reed to break down STRC, MSTR, and the rise of Bitcoin treasury companies, and why these new financial instruments could become the ultimate carry trade.
We explore:
- Why STRC’s yield is turning heads across TradFi
- How Strategy (MSTR) is rewriting corporate finance
- The concept of the “apex carry trade” and why it matters
- How these products could compete with bonds, money markets, and savings accounts
- Why Wall Street still hasn’t fully understood what’s happening
- The role of Bitcoin in reshaping global capital flows
If you’re interested in Bitcoin, macro investing, yield strategies, or the future of finance, this conversation will change how you think about markets.
Follow Cris Reed:
- X: https://x.com/CrisReed
- LinkedIn: https://www.linkedin.com/in/cris-reed1337/
- Youtube: https://www.youtube.com/@Bitcoin_Mindset
- STRC - The Apex Carry Trade: https://x.com/CrisReed/status/2036766660472803443
- The $1 Million Arbitrage Hidden in Plain Sight: https://x.com/CrisReed/status/2015593393821233192
00:00 Cris Reed’s Bitcoin Origin Story
03:47 Why STRC Could Become the Apex Carry Trade
07:50 STRC’s 11.5% Yield: Can It Go Higher?
10:19 What Happens If Interest Rates Fall?
12:49 How Strategy Manages STRC Demand & Amplification
14:14 When Institutions May Finally Enter STRC
16:51 Metaplanet’s Potential Carry Trade in Japan
19:18 Why Cris Still Watches Metaplanet
21:17 Can STRC Disrupt Fixed Income?
24:25 Strategy’s Credit Rating & Fiat Reserves
27:12 Semi-Monthly Dividends: STRC’s Big Upgrade
33:29 Why Strategy Didn’t Raise the STRC Dividend
35:45 Could STRC Become Too Successful?
37:43 STRC as the Bridge to Hyperbitcoinization
40:49 Bitcoin Treasury Companies as the Transition Layer
44:11 STRK, STRF & STRD: Underrated Opportunities?
48:45 How Preferreds Could Perform in a Bull Market
52:21 Other Bitcoin Treasury Companies to Watch
54:38 Strive, SATA & Retail’s Role in Preferreds
58:33 Bitcoin Treasury Bear Market: Is the Worst Over?
01:03:21 What Happens to MSTR in the Next Bull Market?
Big thanks to Little Bubble for allowing us to use his song: "One Chair": https://open.spotify.com/track/0XW7JgR2Nlg7WXGOeVT64h?si=a344b82984f74f81DISCLAIMER: This is not is financial advice. This podcast is for educational and entertainment purposes only.
Thank you for listening!
Follow us on:
- X: https://x.com/OneChairPod
- Youtube: https://www.youtube.com/@OneChairPod
Referral links:
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