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Microstrategy is up 2,988%... here's what we learned from them | Dan Hillery

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Manage episode 514420591 series 2523344
Content provided by iHeartPodcasts. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by iHeartPodcasts or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Dan Hillery, fund manager and Bitcoin strategist, joins us to break down the next evolution of Bitcoin capital markets: the rise of Bitcoin-native treasury companies engineered to unlock financial leverage with BTC as a base layer. This isn’t just another MicroStrategy clone — it’s a deeper, more sophisticated play. From unsecured convertible notes to preferred shares and fixed-income arbitrage, Dan explains how these companies are disrupting traditional capital formation using Bitcoin as collateral. In this episode, we explore why buying spot Bitcoin is just the beginning — and how the next generation of firms are building scalable, creditworthy businesses around Bitcoin yield, durable capital structures, and strategic issuance. We unpack the mechanics behind NAV premiums, debt leverage, risk profiles, and the shift from equity issuance to fixed-income instruments. Whether you’re a macro investor, a Bitcoiner seeking asymmetric upside, or a curious analyst trying to understand the future of Bitcoin in public markets, this episode maps the frontier of Bitcoin financialization.

See omnystudio.com/listener for privacy information.

  continue reading

641 episodes

Artwork
iconShare
 
Manage episode 514420591 series 2523344
Content provided by iHeartPodcasts. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by iHeartPodcasts or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Dan Hillery, fund manager and Bitcoin strategist, joins us to break down the next evolution of Bitcoin capital markets: the rise of Bitcoin-native treasury companies engineered to unlock financial leverage with BTC as a base layer. This isn’t just another MicroStrategy clone — it’s a deeper, more sophisticated play. From unsecured convertible notes to preferred shares and fixed-income arbitrage, Dan explains how these companies are disrupting traditional capital formation using Bitcoin as collateral. In this episode, we explore why buying spot Bitcoin is just the beginning — and how the next generation of firms are building scalable, creditworthy businesses around Bitcoin yield, durable capital structures, and strategic issuance. We unpack the mechanics behind NAV premiums, debt leverage, risk profiles, and the shift from equity issuance to fixed-income instruments. Whether you’re a macro investor, a Bitcoiner seeking asymmetric upside, or a curious analyst trying to understand the future of Bitcoin in public markets, this episode maps the frontier of Bitcoin financialization.

See omnystudio.com/listener for privacy information.

  continue reading

641 episodes

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