The Bitcoin Treasury Podcast

Saylor Is The Most Underrated Marketing Genius In Bitcoin — A Gen Z Analyst Explains

Strive just set four straight daily SATA records — funding an estimated 800 Bitcoin in a single day. Strategy retired $1.5 billion in converts at 92 cents on the dollar. And a 24-year-old analyst who worked three jobs to fund her own college education breaks down why Saylor is the most underrated marketing genius in Bitcoin.Halston Valencia of Bitcoin Quant covers daily dividends compressing STRC volatility, why banks are quietly white labeling STRC, why the next cycle forces stagnant treasury companies to offer more or get acquired, 21 Capital's cautious bull case, and why her grandmother's retirement struggle is exactly the problem STRC was built to solve.Follow Halston: https://twitter.com/@HalstonValencia🏛️ Institutional custody & OTC at bit.ly/bitGo🔒 Secure your Bitcoin with COLDCARD — use code 6BT for 6% off at bit.ly/coinkiteStore🏦 Borrow against your BTC from 8.49% at bit.ly/archlending💼 Bitcoin executive recruitment at bit.ly/XCEio⚡️ Bitcoin yield without leaving custody at bit.ly/hemiXYZ
📊 Track every Bitcoin treasury company at bitcointreasuries.net⚠️ Not financial advice. Do your own research.🟠 Stay Orange.

BSTR Is Building Berkshire Hathaway 2.0 — But With Bitcoin Instead Of Stocks

STRC is down 5% while Bitcoin is down 50%. AI stocks are more concentrated than the dot-com peak. And BSTR is entering public markets with 25,000 Bitcoin and over $1.2 billion in capital.
Sean Bill — 30-year hedge fund veteran who got Santa Clara pension fund into Bitcoin — joins Alexandre Laizet to cover BSTR's full capital structure and Berkshire Hathaway 2.0 vision, why digital credit is the high yield bond moment of this generation, why value investors at the Markel meeting were quietly sniffing around STRC, and Alexandre's closing case that Bitcoin historically does 8-90x from these drawdown levels.
Follow Sean: https://twitter.com/@macrocrunch | https://bstr.com Follow Alexandre: https://twitter.com/@AlexandreLaizet | Capital B: https://bit.ly/XCEio
 
🏛️ Institutional custody & OTC at bit.ly/bitGo
🔒 Secure your Bitcoin with COLDCARD — use code 6BT for 6% off at bit.ly/coinkiteStore
🏦 Borrow against your BTC from 8.49% at bit.ly/archlending
💼 Bitcoin executive recruitment at bit.ly/XCEio
⚡️ Bitcoin yield without leaving custody at bit.ly/hemiXYZ
 
📊 Track every Bitcoin treasury company at bitcointreasuries.net
⚠️ Not financial advice. Do your own research.
🟠 Stay Orange.

River Has $2 Billion In Bitcoin Under Custody — Does Strategy Need To Prove Theirs?

Alex Leishman founded River to build the Bitcoin bank of the world — not a casino. Seven and a half years later, River has over $2 billion in Bitcoin under custody, proves reserves every month, and holds 437 BTC on its own balance sheet.
He covers the self-custody framework most people get wrong, why more people lose Bitcoin from their own mistakes than from custodians failing, the orange-pilled dictator theory behind every Bitcoin treasury, why the regulatory ship has sailed regardless of who wins in 2028, and why rushing a quantum fix is more dangerous than the threat itself.
Follow Alex: https://twitter.com/@Leishman
Follow River: https://twitter.com/@river | https://river.com |
Research: https://river.com/research
 
🏛️ Institutional custody & OTC at bit.ly/bitGo
🔒 Secure your Bitcoin with COLDCARD — use code 6BT for 6% off at bit.ly/coinkiteStore
🏦 Borrow against your BTC from 8.49% at bit.ly/archlending
💼 Bitcoin executive recruitment at bit.ly/XCEio
⚡️ Bitcoin yield without leaving custody at bit.ly/hemiXYZ
 
📊 Track every Bitcoin treasury company at bitcointreasuries.net
⚠️ Not financial advice. Do your own research.
🟠 Stay Orange.

The Power Law Projects $500K Bitcoin By 2030 — Here's The Math

Matthew Mezinskis has been tracking Bitcoin's power law and global monetary base since 2018. He's back with a chart showing 90% of all Bitcoin price history is higher than today — and another showing exactly when Saylor's 10% interest model hits a mathematical wall.
He covers the power law end-of-year range ($85K–$185K), why the four year cycle may finally break in 2025, why nation state adoption fireworks start around 2035, and the biggest long-term risk no one is talking about — institutions centralizing enough BTC to fork regular holders off the network.
Follow Matthew: https://twitter.com/@1basemoney | https://porkopolis.io
CHAPTERS:00:00 Cold Open00:43 Did Bitcoin's Four-Year Cycle Die?10:08 BTC Power Law Chart16:54 Schelling Points In Bitcoin24:50 Bitcoin Supply Shock36:05 Bitcoin's Next Cycle Catalyst44:54 Bitcoin's Role In USD Hegemony52:37 Michael Saylor's Gambit1:04:41 Economic Node Centralization Threat1:13:20 Where To Follow Matthew Mezinskis1:13:41 Stay Orange
🏛️ Institutional custody & OTC at bit.ly/bitGo🔒 Secure your Bitcoin with COLDCARD — use code 6BT for 6% off at bit.ly/coinkiteStore🏦 Borrow against your BTC from 8.49% at bit.ly/archlending💼 Bitcoin executive recruitment at bit.ly/XCEio⚡️ Bitcoin yield without leaving custody at bit.ly/hemiXYZ
📊 Track every Bitcoin treasury company at bitcointreasuries.net⚠️ Not financial advice. Do your own research.🟠 Stay Orange.

Saylor's Bitcoin Selling Pivot Has Five Steps — Most People Only Understood One

Bitcoin's free float just hit all-time lows. Strive is paying daily dividends. And a brand new yield fund just launched with 4,000 BTC in demand on day one.
Richard Byworth of BYZ Partners covers the put-selling strategy no Bitcoin treasury has executed yet, why daily dividends could trigger Lightning Network adoption, and why the supply vacuum means this can't go on much longer. Alexandre Laizet breaks down Saylor's Bitcoin selling pivot in five steps — and explains why Capital B at 1.3x mNAV is trading below its own bear market average.Follow Richard: https://twitter.com/@RichardByworthFollow Alexandre: https://twitter.com/@AlexandreLaizet 
Special thanks to @hemi_xyz — https://bit.ly/hemiXYZ🔒 Secure your Bitcoin with COLDCARD — use code 6BT for 6% off at bit.ly/coinkiteStore🏦 Borrow against your BTC from 8.49% at bit.ly/archlending🏛️ Institutional custody & OTC at bit.ly/bitGo💼 Bitcoin executive recruitment at bit.ly/XCEio
📊 Track every Bitcoin treasury company at bitcointreasuries.net
⚠️ Not financial advice. Do your own research.
🟠 Stay Orange.

Strategy Is Now Doing What Empery Did First — Selling Bitcoin (Saylor's Gamble To DESTROY Shorts)

Ryan Lane raised $500 million in six weeks, bought back more stock than any Bitcoin treasury company by multiples, and grew BTC per share 30% — by doing something most Bitcoin companies won't touch: selling Bitcoin below NAV.Now Strategy is doing the same thing.Ryan, founder of Empery Digital and 25-year hedge fund veteran, breaks down the math, explains why Bitcoin treasuries without cash-flow-positive operating businesses won't survive, and makes the case that Kevin Warsh will cut rates faster than Powell ever did — because AI changes the deflation calculus entirely.Follow Empery Digital: https://twitter.com/@EMPD_BTC | https://www.emperydigital.comSpecial thanks to @hemi_xyz — https://bit.ly/hemiXYZ🔒 Secure your Bitcoin with COLDCARD — use code 6BT for 6% off at bit.ly/coinkiteStore🏦 Borrow against your BTC from 8.49% at bit.ly/archlending🏛️ Institutional custody & OTC at bit.ly/bitGo💼 Bitcoin executive recruitment at bit.ly/XCEio
📊 Track every Bitcoin treasury company at bitcointreasuries.net⚠️ Not financial advice. Do your own research.🟠 Stay Orange.

STRC Did $1.5 Billion Volume In A Day — Financial Media Still Hasn't Noticed w/ Steven Lubka & Alexandre Laizet

Strategy just completed an estimated 25,000 BTC purchase in a single week — funded primarily by STRC raising over $2 billion. Steven Lubka of Nakamoto and Alexandre Laizet of Capital B joined us live as it was happening.They cover why the STRC ATM surge before ex-dividend is sustainable, why Alexandre believes STRC will become the reference benchmark rate for all digital credit markets, the full Coffeezilla rebuttal, why AI is actually a Bitcoin wave, why Bitcoin miners pivoting to AI is bullish for decentralization, and Capital B's new 15M euro raise targeting 100M more in Bitcoin.00:00 Cold Open01:10 The Growth and Sustainability of STRC09:54 Institutional Embrace of Bitcoin Vehicles14:21 Bitcoin Has Fewer Adversaries21:21 Future Of Investment In Uncertain Times28:19 AI's Impact on Bitcoin and Economic Growth31:41 The Role of the Federal Reserve in a Changing Economy38:30 Global AI Economics & USD Dominance48:14 Bitcoin Miner Pivot To AI57:27 Capital B, Nakamoto & Paper Bitcoin Summer 2.0Follow Steven: https://twitter.com/@stevenlubka | Nakamoto: https://nakamoto.comFollow Alexandre: https://twitter.com/@AlexandreLaizetSpecial thanks to @hemi_xyz — https://bit.ly/hemiXYZ🔒 Secure your Bitcoin with COLDCARD — use code 6BT for 6% off at bit.ly/coinkiteStore🏦 Borrow against your BTC from 8.49% at Arch Lending bit.ly/archlending🏛️ Institutional custody & OTC at BitGo bit.ly/bitGo💼 Bitcoin executive recruitment at XCE bit.ly/XCEio📊 Track every Bitcoin treasury company at bitcointreasuries.net⚠️ Not financial advice. Do your own research.🟠 Stay Orange.

Wall Street Veteran: Saylor Has The Largest Preferred Structure On The Planet — And Nobody Talks About It

Mark Connors sat behind Michael Lewis at Salomon Brothers in 1986 as Liar's Poker was being written. Forty years later, as founder of Risk Dimensions and former Global Head of Risk at Credit Suisse, he's concluded there are no levers left to pull in the fiat system — and Bitcoin is terra firma.
He breaks down why Kevin Warsh won't fix the Fed, why the SLR repeal is the real story, why Powell's rate hike campaign was indefensible from a risk management perspective, why a 3% Bitcoin allocation increases 60-40 portfolio returns by 35% with lower downside deviation, and why STRC could trade at 4.5% as Bitcoin mining decentralizes further — unlocking a tidal wave of institutional capital.
TIMESTAMPS:
00:00 Cold Open
00:41 Mark's Story — Salomon Brothers & Liar's Poker
03:41 Kevin Warsh, The Fed & The SLR Repeal
10:22 Hedge Funds, Foreign Demand & Treasury Auction Risk
14:08 Bessent, Short-End Financing & The Debt Treadmill
16:52 Glass-Steagall's Repeal — The Moment Everything Changed
20:00 SVB, Powell's Rate Jihad & Unpriced Risk
29:53 Institutional Adoption of Bitcoin
35:02 Evaluating Digital Credit Strategies
43:07 Sovereign Bitcoin Reserves & The Game Theory
46:56 Resources & Stay Orange
Follow Mark: https://riskdimensions.io Substack: The Macro Case For Bitcoin | Podcast: The New Barbarians
Special thanks to @hemi_xyz — https://bit.ly/hemiXYZ
🔒 Secure your Bitcoin with COLDCARD — use code 6BT for 6% off at bit.ly/coinkiteStore 🏦 Borrow against your BTC from 8.49% at bit.ly/archlending 🏛️ Institutional custody & OTC at bit.ly/bitGo 💼 Bitcoin executive recruitment at bit.ly/XCEio
📊 Track every Bitcoin treasury company at bitcointreasuries.net
⚠️ Not financial advice. Do your own research.
🟠 Stay Orange.

mNAV Madness Was A Warning — Trey Sellers Explains The Real Risk Of Bitcoin Treasury Companies

Trey Sellers spent 15 years in finance before discovering that the FIRE movement and Bitcoin were pointing at the same destination. Now VP of Sales at Unchained and founder of the FIRE BTC newsletter, he joins Tyler Rowe to build the framework most Bitcoiners are missing: structure your savings, protect your custody, and know exactly when it's okay to sell.
He covers the mNAV Madness warning he wrote at the top of the market, why STRC is actually a better swap for your stock allocation than most realize, why Bitcoin treasury companies should be pushing toward native multi-sig custody, and the right order to draw down assets in retirement.
Follow Trey: https://twitter.com/@ts_hodl Newsletter: https://firebtc.io | Unchained: https://unchained.com
Special thanks to @hemi_xyz — https://bit.ly/hemiXYZ
🔒 Secure your Bitcoin with COLDCARD — use code 6BT for 6% off at bit.ly/coinkiteStore 🏦 Borrow against your BTC from 8.49% at bit.ly/archlending 🏛️ Institutional custody & OTC at bit.ly/bitGo 💼 Bitcoin executive recruitment at bit.ly/XCEio
📊 Track every Bitcoin treasury company at bitcointreasuries.net
⚠️ Not financial advice. Do your own research.
🟠 Stay Orange.

The Zombie Companies Are Next — Strive's Joe Burnett On The Coming Wave Of Bitcoin Treasuries

Joe Burnett — VP of Bitcoin Strategy at Strive and host of The Mustard Seed podcast — joins Tyler Rowe to break down why digital credit is a completely different demand source for Bitcoin than anything that's come before, why zombie companies are the most logical next wave of Bitcoin treasury adopters, and why the distribution of Bitcoin through ETFs and passive index funds to people who don't even know they own it is one of the most important things happening in Bitcoin right now.
He also covers the sustainable yield question, the bi-monthly dividend move, why SATA and STRC held their peg through a 50% crash, AI CapEx competing with Bitcoin for capital, and the K-shaped economy as proof that easy money makes Bitcoin inevitable.
Follow Joe: https://twitter.com/@IIICapital | YouTube: https://www.youtube.com/@JoeBurnett27 Strive: https://strive.com | Dashboard: https://treasury.strive.com
Special thanks to @hemi_xyz — https://bit.ly/hemiXYZ
🔒 Secure your Bitcoin with COLDCARD — use code 6BT for 6% off at bit.ly/coinkiteStore 🏦 Borrow against your BTC from 8.49% at bit.ly/archlending 🏛️ Institutional custody & OTC at bit.ly/bitGo 💼 Bitcoin executive recruitment at bit.ly/XCEio
📊 Track every Bitcoin treasury company at bitcointreasuries.net
⚠️ Not financial advice. Do your own research.
🟠 Stay Orange.CHAPTERS:00:00 Cold Open01:35 Joe's Busy Year & Strive's BTC Strategy04:58 Treasury Management & Selling BTC10:59 SATA, STRC & Semi-Monthly Dividends16:05 Demand & Maturity of Digital Credit20:15 Cash & STRC Reserve For Dividends25:25 Why BTC Price Hasn't Followed Saylor's Accumulation34:11 The Evolving Bitcoin Holder/Investor39:55 Volatility and Market Dynamics43:54 Wall Street's Growing Interest in Bitcoin47:44 The Bitcoin Treasury Explosion & Zombie Companies53:59 Bitcoin As A Liquidity Sink55:34 The Fiat System & the Macro Bitcoin Thesis01:01:14 Regulatory Landscape and Bitcoin's Future01:05:12 How To Follow Joe Burnett01:05:52 Stay Orange