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The Bitcoin Treasury Playbook | Preston Pysh

1:06:54
 
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Manage episode 501551893 series 2794696
Content provided by Danny Knowles. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Danny Knowles 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.

Preston Pysh gives us a masterclass on Bitcoin treasury companies, unpacking the mechanics behind Michael Saylor’s strategy and why it has outperformed Bitcoin since 2020.

He explains how preferred stock and convertible debt are being engineered to funnel Bitcoin onto balance sheets, why the unraveling of the fixed-income market is the hidden fuel behind this model, and the risks investors face in treating treasury companies as a proxy for holding Bitcoin.

Preston gets into the accounting controversies around MicroStrategy, the looming threat of government nationalisation, and why self-custody Bitcoin is the ultimate safeguard.

In this episode:

- Why self-custody Bitcoin is important

- How preferred stock and convertible debt power treasury growth

- The collapse of the 40-year fixed-income bull market

- Understanding premiums to NAV and dilution risks

- “Ponzi-adjacent” Bitcoin treasuries

- Nationalisation and centralisation risks for Bitcoin

- Why the STRC issuance may be one of the most brilliant financial products ever designed

THANKS TO OUR SPONSORS:

IREN

RIVER

ANCHORWATCH

BLOCKWARE

LEDN

BITKEY

Follow:

Danny Knowles: https://x.com/\\\_DannyKnowles or https://primal.net/danny

Preston Pysh: https://x.com/prestonpysh or https://primal.net/preston

  continue reading

129 episodes

Artwork
iconShare
 
Manage episode 501551893 series 2794696
Content provided by Danny Knowles. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Danny Knowles 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.

Preston Pysh gives us a masterclass on Bitcoin treasury companies, unpacking the mechanics behind Michael Saylor’s strategy and why it has outperformed Bitcoin since 2020.

He explains how preferred stock and convertible debt are being engineered to funnel Bitcoin onto balance sheets, why the unraveling of the fixed-income market is the hidden fuel behind this model, and the risks investors face in treating treasury companies as a proxy for holding Bitcoin.

Preston gets into the accounting controversies around MicroStrategy, the looming threat of government nationalisation, and why self-custody Bitcoin is the ultimate safeguard.

In this episode:

- Why self-custody Bitcoin is important

- How preferred stock and convertible debt power treasury growth

- The collapse of the 40-year fixed-income bull market

- Understanding premiums to NAV and dilution risks

- “Ponzi-adjacent” Bitcoin treasuries

- Nationalisation and centralisation risks for Bitcoin

- Why the STRC issuance may be one of the most brilliant financial products ever designed

THANKS TO OUR SPONSORS:

IREN

RIVER

ANCHORWATCH

BLOCKWARE

LEDN

BITKEY

Follow:

Danny Knowles: https://x.com/\\\_DannyKnowles or https://primal.net/danny

Preston Pysh: https://x.com/prestonpysh or https://primal.net/preston

  continue reading

129 episodes

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