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BITCOIN SEASON 2: The Great Bitcoin Treasury Bubble
Manage episode 490000899 series 2401578
Bitcoin treasury strategies are all the rage, but are they actually sustainable?
You're listening to Bitcoin Season 2. Subscribe to the newsletter, trusted by over 7,000 Bitcoiners: https://newsletter.blockspacemedia.com
Welcome back to Bitcoin Season 2! Today, Colin and Charlie talk about the explosive growth of Bitcoin treasury companies and their financial engineering strategies. They break down Strategy's convertible debt playbook, examine why these companies trade at premiums to their Bitcoin holdings, and debate whether this trend is sustainable or an elaborate house of cards waiting to collapse.
Subscribe to the newsletter! https://newsletter.blockspacemedia.com
**Notes:**
• MicroStrategy holds 592,100 Bitcoin
• Q1 2025 revenue: $111 million
• Convertible notes have 0-1% interest rates
• Bitcoin needs to drop way low for liquidation
• Preferred shares pay 8-10% dividends
• Annual obligations: $10-20 billion
Timestamps:
00:00 Start
02:59 Strategy (formerly micro)
10:42 Types of companies
15:13 Preferred stock
24:57 Closed end fund dynamics
-
👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech!
Enjoy the show? Check out our website and newsletter by clicking here.
Questions or want to sponsor? [email protected]
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
3423 episodes
Manage episode 490000899 series 2401578
Bitcoin treasury strategies are all the rage, but are they actually sustainable?
You're listening to Bitcoin Season 2. Subscribe to the newsletter, trusted by over 7,000 Bitcoiners: https://newsletter.blockspacemedia.com
Welcome back to Bitcoin Season 2! Today, Colin and Charlie talk about the explosive growth of Bitcoin treasury companies and their financial engineering strategies. They break down Strategy's convertible debt playbook, examine why these companies trade at premiums to their Bitcoin holdings, and debate whether this trend is sustainable or an elaborate house of cards waiting to collapse.
Subscribe to the newsletter! https://newsletter.blockspacemedia.com
**Notes:**
• MicroStrategy holds 592,100 Bitcoin
• Q1 2025 revenue: $111 million
• Convertible notes have 0-1% interest rates
• Bitcoin needs to drop way low for liquidation
• Preferred shares pay 8-10% dividends
• Annual obligations: $10-20 billion
Timestamps:
00:00 Start
02:59 Strategy (formerly micro)
10:42 Types of companies
15:13 Preferred stock
24:57 Closed end fund dynamics
-
👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech!
Enjoy the show? Check out our website and newsletter by clicking here.
Questions or want to sponsor? [email protected]
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
3423 episodes
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