The Bitcoin Treasury Podcast

Strategy dropped a five-point digital credit framework on a Monday morning. By midweek MSTR was up 11% with Bitcoin flat. Alexandre Laizet of Capital B and Soleil of True North break down why — and why the story isn't that Saylor sold Bitcoin, it's that he built a balance sheet with more firepower than any traditional company has ever had. They cover the $2.55B USD reserve policy, the STRC dividen...

Andrew Webley IPO'd The Smarter Web Company in April 2025 when nobody in the UK believed a Bitcoin treasury model would work. Fourteen months later, SWC has raised nearly a quarter of a billion pounds, holds 2,878 BTC, uplisted to the London Stock Exchange, achieved FTSE index inclusion, and acquired Squarebird Agency — and Andrew says the best is still ahead and he can't talk about it yet. He cov...

Sam Callahan, Nick Payton, and Alexandre Laizet join Tyler Rowe to break down why STRC at $84 is a 13.7% yield opportunity, what caused the cascading peg breach, and why being bearish on Strategy means being bearish on Bitcoin. *In this episode:* ✅ Why STRC at $84 represents a 13.7% effective yield — and Sam Callahan's case for why the numbers say it recovers ✅ The cascading liquidation event ex...

Soleil covers why Bitcoin bottoms in August when a hidden network war over blockchain spam reaches resolution, three hard fork scenarios and what Strategy does with 850K forked coins, why STRC is easier to short than SATA in a way that explains the current price divergence, Saylor's Bitcoin selling walkback and why it's giving haters legitimate fuel, and the tidal wave thesis — capital is receding...

Brian Phillips built the country's first Bitcoin-only Opportunity Zone fund. Tim Enneking ran his own OZ fund at a near ten-digit family office for nine years — and had never thought to combine the two. In this Psalion series episode, Tim and Alec Beckman sit down with Brian to walk through a structure that lets long-term Bitcoin holders exit completely tax-free after a 10-year hold, with a 30-yea...

The most common mistake in a first Bitcoin allocation is not the price paid. It is assuming the execution will take care of itself. Teams make the buy decision, line up the approval, and then route a seven-figure order through the same retail venue they would use to buy a few hundred dollars of Bitcoin. The order fills, but not at the price they saw. The gap between the quoted price and what they...

Brandon Quittem wrote some of the most widely read essays in Bitcoin — The Mycelium of Money, Bitcoin Is A Pioneer Species, Bitcoin In The Rhythms Of History — and spent six and a half years at Swan helping people understand Bitcoin from the ground up. He traces Bitcoin's roots through biomimicry and the cypherpunks, explains why the 21 million cap is arbitrary but "hard to change" is what actuall...

Strategy sold 32 Bitcoin. Then bought 1,550 the same week. X imploded anyway. Zynx BTC — the Sovereign Individual who tracks STRC and SATA every single day since inception — joins Alexandre Laizet to break down the STRC de-peg trade, why Bitcoin maxis criticizing digital credit are suffering from cognitive dissonance, why STRC already does more volume than every other preferred equity combined, an...

Sam Callahan just closed the first Bitcoin-backed loan in Brazil with Itaú — the JP Morgan of Latin America. Five-year bullet, zero cash burden, 10-11% all-in cost, 13% leverage ratio. With Bitcoin down 50%. As Director of Bitcoin Strategy at Orange BTC, the largest Bitcoin treasury company in Latin America, Sam covers why Bitcoin could still go lower and why he's buying anyway, the false diversif...

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...

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 hi...

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 d...

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...

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...

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-...

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...

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 rat...

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 wr...

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 eve...

Parker White from Apyx reveals on the record that Strategy could've raised 50–100% more during its recent STRC mega-buy — and chose not to. On this Bitcoin Treasuries roundtable, Tyler Rowe sits down with Alexandre Laizet (Capital B), Ryan Lane (Empery Digital), Parker White (Apyx / DFDV), and Soleil (True North) to unpack the $2B+ STRC raise, debate whether smaller Bitcoin treasury companies shou...

Joe Consorti — head of growth at Horizon and author of The Great Repricing — recorded this episode on April 20th, the day Strategy announced its third largest Bitcoin purchase ever, funded almost entirely by STRC raising $2 billion in a single week. He breaks down why STRC is a once-in-a-generation instrument, why Iran demanding Bitcoin for Strait of Hormuz passage is the first oil transaction out...

BONUS EPISODE! Tim Enneking has been in bitcoin for 13 years. He ran what is believed to be the first crypto trading fund in the United States. He was CIO of a near-$10 billion family office for nine years. And in 2021, his fund was the best performing hedge fund in the world — not just the best crypto fund. The whole world. In this special episode of Psalion on BitcoinTreasuries.net, Tim breaks d...

Parker Lewis wrote Gradually Then Suddenly to answer the logical questions every serious Bitcoiner has to work through. Today he joins Tyler Rowe to zoom out and land the plane on what every Bitcoin treasury investor and executive should understand. He breaks down why Bitcoin treasury companies are a speculative attack on fiat, why STRC makes sense if you understand Bitcoin and looks like a Ponzi...

Strategy's STRC just crossed $5 billion in AUM — and now it's being tokenized for the 4 billion people who can never open a US brokerage account. At the same time, Morgan Stanley just launched the lowest-fee Bitcoin ETF in the market, threatening to pull billions away from BlackRock's IBIT. The Bitcoin capital stack is being rebuilt outside the US in real time, and the people doing it are on this...

Alan Mittleman spent 25 years trading fixed income derivatives on Wall Street before joining Secure Digital Markets as COO and Head of Global Derivative Trading. Now he works with Bitcoin treasury companies to do something most of them aren't doing: building an actual plan for the Bitcoin they hold. Buy at a discount. Earn yield. Protect the downside. Most treasuries skip all three. This is the pl...