The Hurdle Rate Podcast

Episode 26 - Zoom Out. We're Early. Thank you to our sponsor, Swan Bitcoin. We buy Bitcoin at Swan.com [00:00:00] Welcome Back to The Hurdle Rate [00:00:40] No Strategy in the S&P 500 [00:14:20] Michael Saylor Reframes the World of Risk [00:37:11] The Landscape of Strategy’s ATMs [00:40:58] Pierre’s Closing Thoughts

Episode 25 - Will Travel for Bitcoin Thank you to our sponsor, Swan Bitcoin. We buy Bitcoin at Swan.com [00:00:00] Welcome Back to The Hurdle Rate [00:00:23] Recapping Bitcoin Asia [00:21:22] STRC Dividend Increases [00:34:13] Fed Independence and What Rates Should Do

Episode 24 - Fed Signals and Equity Stakes Thank you to our sponsor, Swan Bitcoin. We buy Bitcoin at Swan.com [00:00:00] Welcome Back to The Hurdle Rate [00:00:45] Meet The Hurdle Rate’s First Guest Host, Avik Roy [00:02:44] Strive’s Major News Announcement [00:08:40] The Fed Symposium in Jackson Hole [00:29:59] Intel & The US Government [00:56:33] Update on Tim’s Unconference

Episode 23 - Noise in the Market Thank you to our sponsor, Swan Bitcoin. We buy Bitcoin at Swan.com [00:00:00] Welcome Back to The Hurdle Rate [00:00:30] Trading Below 1 mNAV? [00:27:41] Gold Revaluation [00:36:51] Bitcoin Treasury Executive Compensation  [00:42:10] Preferred Liquidation Preference

Episode 22 - Commodity, Security, Token Thank you to our sponsor, Swan Bitcoin. We buy Bitcoin at Swan.com [00:00:00] Welcome Back to The Hurdle Rate [00:00:30] Bo Hines to the Private Sector [00:08:30] ETH Treasury Companies and Scale [00:31:57] Tim’s NYC Unconference [00:40:44] Strategy’s 5 Year Bitcoin Anniversary

Episode 21 - The Intelligent Leverage Trade: Winter Isn't Coming Back Thank you to our sponsor, Swan Bitcoin. We buy Bitcoin at Swan.com [00:00:00] Welcome Back to The Hurdle Rate [00:01:34] Recapping MSTR Earnings Call [00:09:49] Strategy’s ATM Adjustment [00:21:00] MSTR’s Bitcoin Per Share [00:30:03] Only Look at Leverage Ratio [00:45:08] Could Bitcoin Treasury Companies Lead to the Next Bear Ma...

Episode 20 - Convert to IPO Thank you to our sponsor, Swan Bitcoin. We buy Bitcoin at Swan.com [00:00:00] Welcome Back to The Hurdle Rate [00:01:15] STRC IPO [00:13:07] Converts and MSTR Earnings Expectations [00:22:38] No ATM Usage from Strategy [00:37:30] US Trade Deal with EU  [00:44:16] mNAV Indicator of Store of Value

Episode 19 - A Huge Wave of Capital isn't a STRC Thank you to our sponsor, Swan Bitcoin. We buy Bitcoin at Swan.com [00:00:00] - Welcome Back to The Hurdle Rate [00:00:23] - STRC - What Does It Mean to You? [00:20:54] - Real Estate Vs Perpetual Preferred Products [00:38:45] - Is Winter Coming Back? [00:50:25] - Ben Breaks The Top 20 [00:51:01] 351 and Joining the Strive Family

Episode 18 - Transparency is Not Priced In Thank you to our sponsor, Swan Bitcoin. [00:00:00] Welcome Back to The Hurdle Rate [00:01:47] Strategy’s Latest Buy [00:08:25] Altcoin Treasury Companies? [00:18:58] AI’s Impact on Bitcoin Treasury Companies [00:25:17] Breaking Down ‘Analysts’ Estimates on MSTR [00:33:24] So Much for Sideways Summer? [00:37:51] The End of Earnings Volatility? [00:41:28] T...

Episode 17 - Strategy hits their STRD Thank you to our sponsor, Swan Bitcoin. We buy Bitcoin at Swan.com [00:00:00] - Welcome Back to The Hurdle Rate [00:00:13] - Jeff’s Big Announcement [00:13:17] - What Does STRD Having an ATM Facility in the Market Mean to You?  [00:19:19] - How Big Should a Company be Before Issuing Preferred Products? [00:32:42] - Elon Musk - “Fiat is Hopeless”

Episode 16 - Dividend Drip Thank you to our sponsor, Swan Bitcoin. We buy Bitcoin at Swan.com   [00:00] Welcome Back to The Hurdle Rate [00:21] The Dividend Drip [07:38] Strategy Added to Russell Top 200 Value Index [13:16] Stock Market Hits All Time Highs [19:00] Bitcoin - Nothing Stops This Train [28:52] Will Investors Be Scared Off By This Recent Run? [50:35] Metaplanet Hits #5  

Episode 15 - Billions in Bitcoin Treasuries Thank you to our sponsor, Swan Bitcoin. We buy Bitcoin at Swan.com   [00:00] Welcome Back to The Hurdle Rate [01:16] Tim and Matt Recap BTC Prague [09:53] Where Can Bitcoin Treasury Companies Be 4 Years From Now? [24:39] Alt season [30:20] New Announcements in the Bitcoin Treasury Space [41:25] Aggression and The Digital Transformation of Investor Relati...

Episode 14 - The World's Evolving Thank you to our sponsor, Swan Bitcoin. We buy Bitcoin at Swan.com   [00:00] Welcome Back to The Hurdle Rate [00:30] Altcoin Treasury Strategy? [05:46] Is Chanos the Next Hurdle Rate Host? [14:31] Checking In on the US Dollar [25:57] Talking Your Own Bag [37:05] Saylor's Latest Bitcoin Buy & Explaining Strategy [46:54] Bitcoin's Resilience Amid Global Tension

Episode 13 - Building for Decades [00:00] Welcome Back to The Hurdle Rate [01:29] What’s Going On with American Politics? [14:46] Bitcoin Treasury Companies as Tax Advantaged Perpetual Bitcoin Dividend Drips [20:02] The Upside in STRD [31:40] Is There Something Holding the Bond Market Back? [46:39] Thinking Through the Leverage Ratio of Strategy   Thank you to our sponsor, Swan Bitcoin. We buy Bit...

Episode 12 - Upgrade with Junk Grade [00:00] - Welcome Back to The Hurdle Rate [00:20] - STRD Announcement Reaction [29:40] - Has Bitcoin Peaked for this Cycle? [37:02] - James Wynn’s Wild Ride [38:40] - What Should the Bitcoin Interest Rate Be?

Episode 11 - People Are Dancing [00:00] Welcome Back to The Hurdle Rate [00:11] Recap of the Past Week [03:48] GameStop’s Bitcoin Treasury Announcement [16:24] True North Meetup in Vegas [22:22] Strive’s Big Announcement [39:07] Closing Thoughts

Episode 10 - Have Bitcoin, Get Money [00:00] Welcome Back to The Hurdle Rate [00:40] Another Big Buy for MSTR [17:11] Semler Scientific adds Natalie Brunell to their Board [26:55] Jamie Dimon’s Bitcoin comments [37:26] US Debt gets Downgraded [53:20] Class action lawsuit vs Strategy

Episode 9 - A Movement Has Started [00:00] Welcome Back to The Hurdle Rate [02:14] The latest in the Bitcoin Treasury space [12:12] Being bold and having courage [28:00] Why are retail investors understanding Strategy’s playbook better than  institutions? [34:46] What will be the main themes for investors to learn about? [49:00] Closing thoughts

Episode 8 - Strategy World Recap: A Revolution Ignited [00:00] Welcome Back to The Hurdle Rate [00:34] - Strategy World Recap [07:10] - Strive’s Announcement [19:44] - How Michael Saylor utilized AI to create fixed income products [23:19] - Tim’s takeaways from the conference [26:52] - Ben’s conference breakdown [29:07] - Matt’s remarks on the conference [30:55] - Is Jeff a double or triple Maxi?

Episode 7 - Fully Torqued Bitcoin [00:00] Welcome Back to The Hurdle Rate [00:20] Strategy (MSTR) earnings call recap [01:39] 42/42 Capital Raising Plan [11:43] Permanent Leverage without Refinancing Risk [12:19] Seniority & Volatility of Strategy’s BTC-Backed Securities [17:38] Using BTC Risk for Credit Analysis [23:29] Strategy Liabilities and Capital Structure [33:53] BTC Torque [40:39] Cre...

Episode 6 - Win or Win More [00:30] Welcome Back to The Hurdle Rate [01:15] MSTR Earnings [29:19] 21 Capital’s Announcement [41:10] Next week’s Bitcoin for Corporations Conference and MSTR True North World [43:25] What’s taking so long with GameStop? [49:47] Ray Dalio - Is it too late?

Episode 5 - DXY vs. Store of Value Assets [00:30] Welcome Back to The Hurdle Rate [01:26] DXY Breakdown [22:51] Gold vs Bitcoin as the Hurdle Rate [36:59] Interest rates and stagflation [48:00] Strategy, Metaplanet, and Bitcoin dominance

Episode 4 - Bitcoin Portfolio Theory [00:30] Welcome Back to The Hurdle Rate [01:30] Catching up on economic news from the last week [24:15] Jeff’s Monte Carlo simulations [43:13] Matt and Strive’s engagement with Intuit [53:30] Strategy’s mNAV [01:03:41] Closing thoughts

Episode 3 - Negotiating with Penguins [00:30] Welcome Back to The Hurdle Rate [01:20] Tariffs are based on deficits, right? [21:18] What position is the US workforce in to absorb these changes? [31:10] Universal Basic Income [39:40] Should we expect more volatility in the market? [43:05] How does all of this impact Bitcoin? [51:59] What is the path out of this?

Episode 2 - GME On! [00:30] Welcome Back to The Hurdle Rate [00:54] GameStop and the current state of Bitcoin Treasury Adoption [26:00] Metaplanet’s big move [29:27] The Trump Family’s involvement in the Bitcoin Community [38:56] Liberation Day and tariffs [53:36] Is Bitcoin Risk-On or Risk-Off? [59:04] Closing thoughts