One Chair Podcast

Bitcoin is in a period of fear, yet behind the scenes, the setup may be stronger than ever. In this episode, we sit down with Stephan Livera, host of the Stephan Livera Podcast, to break down why Bitcoin’s current setup is so compelling and how Bitcoin treasury companies like Strategy (MSTR) and OranjeBTC are reshaping the market. We discuss why some Bitcoin treasuries outperform while others struggle, the role of leverage and debt, proof of reserves, preferred shares, and how institutional and nation-state adoption could drive the next phase of Bitcoin’s growth. If you’re wondering whether Bitcoin treasury companies are a risk, an opportunity, or both, this conversation will give you clarity. Topics covered: - Why Bitcoin’s setup may be stronger than ever - How Bitcoin treasury companies actually work - Strategy (MSTR), OranjeBTC & treasury models explained - Why some treasuries fail while others accumulate more BTC - Debt, leverage, MNAV & preferred shares - Proof of reserves: transparency vs security - Institutional adoption, ETFs & macro tailwinds - What to focus on when Bitcoin sentiment is low 00:00 Introduction: Stephan Livera 02:12 Why Bitcoin Treasury Companies Exist vs BTC & ETFs 03:38 How Stephan Joined OrangeBTC (Advisor & Investor) 05:24 Can Anyone Beat Strategy? Winner-Take-Most Dynamics 09:44 What Makes a Winning Bitcoin Treasury Company 14:16 Treasury Drawdowns & Fiat vs Bitcoin Perspective 18:07 When Treasury Models Fail: Debt, Timing, and BTC Liquidations 22:08 Proof of Reserves 24:26 Michael Saylor Keynote & STRC 27:28 Treasuries as a Bridge to Mass Adoption 30:32 Strategy USD Reserve & Preferreds 32:30 The Education Gap in Bitcoin & Bitcoin Treasury Companies 34:35 “Does Saylor Know Something?” 39:33 Market Predictions for 2026 44:43 The Fear and Greed Index Perspective 45:34 Closing Thoughts & Long-Term Bitcoin Conviction Big thanks to Little Bubble for allowing us to use his song: "One Chair": https://open.spotify.com/track/0XW7JgR2Nlg7WXGOeVT64h?si=a344b82984f74f81 Follow our Guest: - Stephan Livera: https://stephanlivera.com/ - Stephan Livera: https://x.com/stephanlivera - Stephan Livera Podcast: https://www.youtube.com/@StephanLivera - OranjeBTC: https://x.com/ORANJEBTC - OranjeBTC: https://www.oranjebtc.com/ DISCLAIMER: This is not is financial advice. This podcast is for educational and entertainment purposes only. Thank you for listening! Follow us on: - X: https://x.com/OneChairPod - Youtube: https://www.youtube.com/@OneChairPod

In this episode, we sit down with Ed Juline, President of Bitcoin Treasuries Media and advisor to Arcadia₿, to break down how Bitcoin treasuries are reshaping corporate finance and why Strategy continues to outperform traditional financial models. Ed shares his journey from early Bitcoin adoption to working closely with Strategy, explains how preferred shares unlock fixed-income capital for Bitcoin, and why Saylor’s approach keeps adapting while TradFi struggles to price Bitcoin risk. We cover: - Why Bitcoin treasuries aren’t a get-rich-quick scheme - How Strategy keeps beating TradFi without breaking the rules - The role of preferred shares, cash reserves, and credit ratings - Why small treasury companies can outperform over time - How Bitcoin is crossing the chasm into institutional adoption - The real risks (and misconceptions) around Bitcoin treasury strategies - Why short-term price action misses the bigger picture 00:00 Introduction: Ed Juline 06:42 What is a Bitcoin company? Tesla vs Strategy debate 09:08 Bitcoin fragmentation: treasuries, Lightning, privacy & politics 11:55 Why Bitcoin treasuries face backlash (FTX, Celsius scars) 13:06 Bitcoin Treasuries Media: events, podcast & advisory mission 16:20 Global Bitcoin conferences & regional adoption differences 20:29 Arcadia B explained: Mexico’s Bitcoin services + treasury model 24:43 Early-stage treasuries: why small BTC balance sheets can win 26:05 Strategy’s treasury prerequisites & zombie company warning 30:17 Treasury companies to watch & what separates strong operators 34:12 Strategy’s cash reserves, preferreds & TradFi adaptation 39:14 Does Strategy know something we don’t? How BTC buys are decided 42:43 Preferred shares: unlocking fixed income for Bitcoin exposure 45:45 Why credit rating agencies struggle to value Bitcoin treasury companies 48:49 Bitcoin adoption crossing the chasm (early majority phase) 52:38 Market outlook: the “drunk raccoon” Bitcoin cycle 54:37 Where to follow Ed Juline & Bitcoin Treasuries Media Big thanks to Little Bubble for allowing us to use his song: "One Chair": https://open.spotify.com/track/0XW7JgR2Nlg7WXGOeVT64h?si=a344b82984f74f81 Follow our Guest: - Ed Juline: https://x.com/ejuline - Tim Kotzman: https://x.com/timkotzman - Bitcoin Treasuries: https://www.youtube.com/@timkotzman8925 - Bitcoin Treasuries Media: https://x.com/BTCDigitalConf - Bitcoin Treasuries Media: https://bitcointreasuries.media/ - MadBitcoin Summit: https://madbitcoinsummit.com/ DISCLAIMER: This is not is financial advice. This podcast is for educational and entertainment purposes only. Thank you for listening! Follow us on: - X: https://x.com/OneChairPod -Youtube: https://www.youtube.com/@OneChairPod

Michael Saylor is back, and this time, MSTR has raised $1 billion to buy even more Bitcoin. In this episode, we break down why Strategy made this massive move, how they raised the capital, and what it means for Bitcoin, MSTR shareholders, and the broader market. We also dive into the recent market volatility, the impact of the Fed’s rate cut, and why many believe we may be at — or very close to — a Bitcoin bottom. Is Saylor seeing something the market hasn’t priced in yet? And what does this aggressive accumulation strategy mean for 2024–2026? 00:00 Strategy’s Surprise Bitcoin Buy 02:08 Massive Capital Raise: $2.3B in 13 Trading Days 05:05 Accretive vs. Non-Accretive Buys & Long-Term Impact 07:35 Bitcoin Supply Lock-Up & MSTR’s Growing Accumulation 08:40 Fed Rate Cuts, Liquidity Return & Bullish Macro Signals Big thanks to Little Bubble for allowing us to use his song: "One Chair": https://open.spotify.com/track/0XW7JgR2Nlg7WXGOeVT64h?si=a344b82984f74f81 DISCLAIMER: This is not is financial advice. This podcast is for educational and entertainment purposes only. Thank you for listening! Follow us on: - X: https://x.com/OneChairPod - Youtube: https://www.youtube.com/@OneChairPod

Bitcoin has never looked more bullish. In this episode, Bitcoin investor and researcher Zynx explains why he believes the current market setup is the most bullish in over a decade and why 2026 could be a breakout year for Bitcoin. We cover everything from: - Bitcoin vs Gold (and why pricing BTC in fiat can be misleading) - Strategy (MSTR) and the rise of Bitcoin treasury companies - STRC and preferred shares as a new Bitcoin accumulation engine - Metaplanet’s aggressive Bitcoin strategy in Japan - How ETFs, nation states, and TradFi are quietly entering Bitcoin - The role of sovereign wealth funds and institutional capital - Why today’s “bear market” may actually be an opportunity - The psychology behind Bitcoin’s stall below $100K If you’re serious about Bitcoin, macro, and the future of money, this interview is for you. 00:00 Introduction: Zynx 04:08 Strategy’s new USD reserve explained 06:14 Why Strategy is more solvent than governments 07:59 S&P’s B- rating on Strategy and why it’s misleading 09:36 Strategy preferred shares crash & rebound trade explained 12:48 Why Strategy's preferreds are misunderstood by the market 14:21 Best Bitcoin treasury stocks right now 18:30 Will Bitcoin treasury companies eliminate bear markets? 21:42 Why Tether won’t buy STRC 24:35 Metaplanet’s carry trade strategy 29:15 Should Bitcoin companies EVER sell their Bitcoin? 31:20 Bitcoin vs Gold: the most important metric you’re ignoring 35:04 Why Bitcoin is stuck below $100K 40:41 Catalyst for the next Bitcoin bull run Big thanks to Little Bubble for allowing us to use his song: "One Chair": https://open.spotify.com/track/0XW7JgR2Nlg7WXGOeVT64h?si=a344b82984f74f81 Follow our Guest: - Zynx: https://x.com/ZynxBTC - Zynx: https://www.youtube.com/@ZynxBTC DISCLAIMER: This is not is financial advice. This podcast is for educational and entertainment purposes only. Thank you for listening! Follow us on: - X: https://x.com/OneChairPod - Youtube: https://www.youtube.com/@OneChairPod

Strategy just created a $1.4B cash reserve alongside its 650,000 Bitcoin treasury. We break down what this means for MSTR stock, dividends, and Bitcoin investors. We explain why Strategy raised $1.4B, how the cash reserve covers up to 21 months of dividends, and what this means for credit ratings and downside risk in a Bitcoin bear market. We also discuss Michael Saylor’s comments about possibly selling Bitcoin as a last resort, plus updated Bitcoin targets and the STRC dividend increase to 10.75%. Topics Covered: • Strategy’s $1.4B cash reserve • Dividend security for preferred shares• Credit rating implications • Bitcoin “escape velocity” • Saylor on selling BTC • STRC dividend increase 00:00 Strategy Creates USD Reserve Alongside Bitcoin Treasury 01:26 Credit Rating Impact & Dividend Security Explained 03:09 Why This De-Risks Strategy in a Bitcoin Bear Market 07:55 Michael Saylor Softens ‘Never Sell Bitcoin’ Stance 12:50 Bitcoin Growth Scenarios & “Escape Velocity” Model Big thanks to Little Bubble for allowing us to use his song: "One Chair": https://open.spotify.com/track/0XW7JgR2Nlg7WXGOeVT64h?si=a344b82984f74f81 Mentions: - What Bitcoin Did with Phong Le: https://youtu.be/NSyfxI2wWC0?si=KD5gLH23qB9mtfh2 DISCLAIMER: This is not is financial advice. This podcast is for educational and entertainment purposes only. Thank you for listening! Follow us on: - X: https://x.com/OneChairPod -Youtube: https://www.youtube.com/@OneChairPod

In this episode, we break down Metaplanet’s newest preferred share offerings: Mercury and the upcoming Mars adjustable-rate security, and what they mean for the company’s long-term Bitcoin accumulation strategy. With Japan’s historically low interest rates, Metaplanet is taking a unique approach to financing, potentially enabling a massive Bitcoin buying plan through low-yield preferreds, and even a possible “yen carry trade 2.0.” We cover everything you need to know: • Mercury’s 4.9% dividend and ¥1000 conversion strike • How these preferreds compare to Strategy’s STRK/STRC • Potential arbitrage and yield-spread opportunities • The impact of $260M in combined raises (Mercury + Mars) • How many BTC Metaplanet could accumulate at current prices • Updates to the moving-strike warrant program and dilution protection If you follow Metaplanet, Bitcoin treasury strategies, or the evolving Japanese financial market, this is a must-watch deep dive. 00:00 Introduction 00:13 Metaplanet Preferred “Mercury” Overview 02:06 Unlocking the Conversion Feature — Understanding Mercury’s ¥1000 Strike Price 04:17 Arbitrage & Yen Carry Trade Opportunities 07:15 Metaplanet’s Bitcoin Accumulation Strategy (Up to $260M Raise) 08:43 Mars Preferred Overview & Adjustable Rate Structure 10:19 Moving Strike Warrant Changes & Reduced Dilution Risk 11:13 Metaplanet’s Future Roadmap & Final Takeaways Big thanks to Little Bubble for allowing us to use his song: "One Chair": https://open.spotify.com/track/0XW7JgR2Nlg7WXGOeVT64h?si=a344b82984f74f81 DISCLAIMER: This is not is financial advice. This podcast is for educational and entertainment purposes only. Thank you for listening! Follow us on: - X: https://x.com/OneChairPod -Youtube: https://www.youtube.com/@OneChairPod

In this discussion, Anil Patel — author of The Treasure of Saylor — breaks down Michael Saylor’s Bitcoin Treasury Strategy, Strategy’s corporate playbook, and why Saylor’s approach to Bitcoin as digital capital is reshaping modern finance. We explore the principles behind Bitcoin treasury management, the evolution of Saylor’s thinking, and how corporations may adopt Bitcoin in the decades ahead. If you've ever wondered how and why Strategy built the world’s largest corporate Bitcoin treasury, this conversation offers one of the clearest explanations available. Topics Covered: - Inside Michael Saylor’s mindset and engineering perspective - How MicroStrategy built its Bitcoin treasury - Digital capital vs currency - Corporate finance, preferreds, convertible debt & treasury optimization - Why Bitcoin outperforms real estate and equities as a store of value - Long-term corporate Bitcoin strategy (thinking in decades, not quarters) - Network effects, competitive dynamics, and “the Bitcoin bank” thesis - How Anil Patel created The Treasure of Saylor - The future of Bitcoin treasuries and digital credit 00:00 Introduction: Anil Patel 01:20 Crafting the Book: Saylor’s Speeches, Research Process & Narrative Design 03:34 Core Insights From Saylor: Digital Capital, Money Layers & Engineering Mindset 07:42 Bitcoin’s Future Role: Medium of Exchange vs Store of Value 10:45 Building the Story: Explaining Bitcoin, Comparing to Real Estate & Equities 13:40 The Concept of Digital Capital 14:09 Exploring Bitcoin Treasury Strategies 14:57 MSTR Strategy: Preferreds, Corporate Finance & Treasury Evolution 19:43 The Role of Michael Saylor in Bitcoin's Evolution 20:09 Market Dynamics: Network Effects, Dominant Players & The “Bitcoin Bank” Thesis 20:56 Saylor as an Industrial Titan & The Idea of a Future Biography 22:25 Will There Be a Treasure of Saylor Part II? 23:27 Explaining Bitcoin Treasury Strategy Simply 26:22 Thinking in Decades: Long-Term Vision, Sats-per-Share & Measuring Value 27:42 Free Resources: Books, Presentations & Where to Find Anil About Our Guest – Anil Patel: Anil is the author of The Treasure of Saylor and The Bitcoin Handbook — two of the most widely shared educational resources on Bitcoin. His visual explanations, infographics, and slides are used by educators, meetups, and conferences around the world. Follow our Guest: - Anil Patel: https://x.com/anilpatel Find his content online: - Anil's free content: https://anilsaidso.gumroad.com/ - The Treasury of Saylor: https://treasuryofsaylor.com/ - The Bitcoin Handbook: https://thebitcoinhandbook.com/ Big thanks to Little Bubble for allowing us to use his song: "One Chair": https://open.spotify.com/track/0XW7JgR2Nlg7WXGOeVT64h?si=a344b82984f74f81 DISCLAIMER: This is not is financial advice. This podcast is for educational and entertainment purposes only. Thank you for listening! Follow us on: - X: https://x.com/OneChairPod - Youtube: https://www.youtube.com/@OneChairPod

Will AI choose Bitcoin as its native money? In this episode, Cern Basher joins us to explore the powerful links between AI, Tesla, and Strategy (formerly MicroStrategy) — and how visionary leaders like Elon Musk and Michael Saylor are shaping the future of money, energy, and intelligence. We discuss: - How AI and Bitcoin are “two sides of the same coin” - Why Tesla’s massive cash flow could make it a Bitcoin treasury company - Strategy’s breakthrough with Bitcoin-backed preferred shares - Tesla’s robotaxi and humanoid robot plans — and what they mean for investors - Why Bitcoin is the new risk-free asset If you’re interested in Bitcoin, AI, Tesla, corporate treasuries, or Michael Saylor’s Bitcoin strategy, this conversation connects all the dots. 00:00 Introduction: Cern Basher 01:16 Cern's Journey with Tesla and Bitcoin 03:57 Why AI rejects traditional finance and adopts Bitcoin 06:19 Strategy’s breakthrough: Bitcoin-backed preferred shares 08:04 De-risking with preferred stock vs. debt 10:07 Strive vs. Strategy: early lessons for Bitcoin treasuries 11:18 Tesla’s Bitcoin strategy and massive capital needs 15:24 When Tesla becomes a Bitcoin treasury company 17:07 How Tesla could issue Bitcoin-linked preferreds 18:39 Tesla vs. Strategy: long-term investment outlook 22:52 Key takeaways from Tesla’s shareholder meeting 25:33 Full Self-Driving progress and robotaxi rollout 27:53 Strategy’s Euro preferred & growing global reach 29:58 The rise of global Bitcoin treasury companies 33:56 Why preferred shares aren’t a Ponzi 37:18 How Bitcoin treasuries spread BTC to the world 38:36 Tesla and Strategy: visionary leaders reshaping money 42:10 Closing thoughts & where to find Cern Follow our Guest: - Cern Basher: https://x.com/CernBasher Big thanks to Little Bubble for allowing us to use his song: "One Chair": https://open.spotify.com/track/0XW7JgR2Nlg7WXGOeVT64h?si=a344b82984f74f81 DISCLAIMER: This is not is financial advice. This podcast is for educational and entertainment purposes only. Thank you for listening! Follow us on: - X: https://x.com/OneChairPod - Youtube: https://www.youtube.com/@OneChairPod

In this episode, we break down the biggest developments in the Bitcoin treasury space — from MSTR’s global expansion and new credit rating momentum to Metaplanet’s latest updates, Strive’s rapid product innovation, and Sequans’ dramatic setback. 00:00 Welcome to One Chair Podcast 00:42 What MSTR’s New Credit Rating Means for Bitcoin Treasuries 02:44 STRE: MSTR’s Euro-Denominated Preferred Equity 12:56 STRC $100 Milestone: Is This the Turning Point? 15:11 Metaplanet Update: Rising Short Interest & New Bitcoin-Backed Loan 18:19 Strive Launches SATA Preferred: Higher Yield & Smart Execution 23:29 Sequence Sells Bitcoin to Repay Debt: What Went Wrong 25:46 Future: New Bitcoin Treasury Company in Switzerland Big thanks to Little Bubble for allowing us to use his song: "One Chair": https://open.spotify.com/track/0XW7JgR2Nlg7WXGOeVT64h?si=a344b82984f74f81 Mentions: - Marc Riemer: https://x.com/mriemer DISCLAIMER: This is not is financial advice. This podcast is for educational and entertainment purposes only. Thank you for listening! Follow us on: - X: https://x.com/OneChairPod - Youtube: https://www.youtube.com/@OneChairPod

In this episode, we welcome Tyler from Treasury Orange for a deep dive into the rise of Bitcoin Treasury companies — from Strategy and Strive to Metaplanet and Capital B. Tyler shares his journey from discovering Bitcoin during the Ron Paul era to understanding how corporate Bitcoin adoption could drive the next 10x in Bitcoin’s price. He breaks breaks down: - The “Bitcoin epiphany” moment inspired by Michael Saylor - Why Bitcoin Treasuries matter — leverage, yield, and risk - Strategy’s playbook and Saylor’s plan to “eat the world” - MSTR's expansion into Europe with STRE (Stream) - Strive’s new SATA preferred offering - How money-market capital and generational wealth could flow into Bitcoin 00:00 Introduction: Tyler from Treasury Orange 00:53 Origin Story: Ron Paul, sound money, first touch with Bitcoin 04:11 Early Cycles & Lessons: 2013 buy, 2017 churn, taxes, selling too soon 07:11 The 2020 “Lightbulb Moment”: Michael Saylor, Bitcoin Podcasts & Realizing BTC Beats Gold 13:59 Bitcoin Treasuries Explained: Higher Returns vs. Counterparty Risk 17:17 Tyler's Top Bitcoin Treasury Companies 28:42 STRE's Debut and How Saylor Plans to "Eat the World" 31:55 MSTR's Q3 Earnings Call Highlights 37:28 Accessibility: Index inclusion (QQQ/S&P) & why own MSTR for leverage 41:49 S&P Rating: A Milestone for Bitcoin Treasuries 46:00 Strive’s SATA Preferred Explained: 12% Yield & How It Competes with STRC 51:47 The Big Math: Money-market rotation, advisor demand, generational tailwinds 59:33 Where to Follow Tyler & Wrap-Up Big thanks to Little Bubble for allowing us to use his song: "One Chair": https://open.spotify.com/track/0XW7JgR2Nlg7WXGOeVT64h?si=a344b82984f74f81 Mentions: - Tyler: https://x.com/TylerCompiler - Treasury Orange: https://www.youtube.com/@TreasuryOrange DISCLAIMER: This is not is financial advice. This podcast is for educational and entertainment purposes only. Thank you for listening! Follow us on: - X: https://x.com/OneChairPod - Youtube: https://www.youtube.com/@OneChairPod

In this episode, Soleil (@nithusezni) joins us to discuss Bitcoin, break down the growing parallels between Tesla, and Strategy (MSTR) and to share his key takeaways from Strategy’s Q3 earnings call. We dive deep into: 🔹 How Soleil got into Bitcoin and options trading 🔹 Why Tesla and Strategy follow similar disruptive paths 🔹 Bitcoin-backed preferreds and MSTR’s bond market disruption 🔹 Michael Saylor’s long-term vision and the “amplification” strategy 🔹 The four-year Bitcoin cycle, super cycle, and risk management 🔹 Whether Strategy should advertise like Tesla or let Bitcoin sell itself From Bitcoin maximalism to Strategy, True North, and the future of Bitcoin-treasury companies, this conversation is packed with insights for long-term investors and Bitcoiners alike. 00:00 Introduction: Soleil (@nithusezni) 01:07 How Soleil Got Into Bitcoin & Trading Options 06:04 Tesla Enters the Picture 09:44 Tesla & Strategy Parallels 10:45 Becoming a Full Bitcoin Maximalist 11:59 MicroStrategy's Impact on Bitcoin 15:16 MSTR Preferreds & Fixed-Income Products 17:28 MSTR Q3 Earnings Reaction 20:17 International Market Strategies 24:06 Should Strategy Advertise Like Tesla? Ads vs Organic Growth Debate 27:12 Tesla-Like Strategy Rollout 33:50 The Four-Year Cycle vs. Super Cycle 40:53 Options Trading Around S&P 500 Inclusion 43:55 How to Orange Pill Different People 47:46 Closing Thoughts & Where to Find Soleil Big thanks to Little Bubble for allowing us to use his song: "One Chair": https://open.spotify.com/track/0XW7JgR2Nlg7WXGOeVT64h?si=a344b82984f74f81 Mentions: - Soleil: https://x.com/nithusezni DISCLAIMER: This is not is financial advice. This podcast is for educational and entertainment purposes only. Thank you for listening! Follow us on: - X: https://x.com/OneChairPod - Youtube: https://www.youtube.com/@OneChairPod

In this episode, we dive deep into the evolving world of Bitcoin treasury companies, from Strategy’s $43 million Bitcoin purchase to Metaplanet’s new buyback option and Strategy’s surprising S&P credit rating. 00:00 Intro & Inside the Lugano Plan B Conference 02:40 Bitcoin Treasury Companies 101: Ask Us Anything 03:11 Strategy Preferred Shares Update 05:58 Strategy Gets Its First Credit Rating 11:24 How Metaplanet's New Share Buyback Plan Could Change the Game 14:24 Strive's Comeback & Market Rebound Big thanks to Little Bubble for allowing us to use his song: "One Chair": https://open.spotify.com/track/0XW7JgR2Nlg7WXGOeVT64h?si=a344b82984f74f81 Mentions: - Jackson Fairbanks: https://x.com/Loonggamma DISCLAIMER: This is not is financial advice. This podcast is for educational and entertainment purposes only. Thank you for listening! Follow us on X: https://x.com/OneChairPod Find us on Spotify: https://open.spotify.com/show/2AnTUGs4yjMwUxVSItYyZ2?si=d30ddc54c94741d0 Or on Apple Podcasts: https://podcasts.apple.com/us/podcast/one-chair-podcast/id1831827737 #bitcoin #michaelsaylor #bitcoinpodcast #bitcoinnews #finance #mstr #metaplanet #bitcointreasurycompanies #bitcoinetf #investing #investment #invest #MTPLF #PreferredShares #JapanMarkets #ASST #strive

In this episode, we sit down with Pierre Rochard — founder & CEO of the Bitcoin Bond Company, board member at Strive, and one of the most respected voices in Bitcoin corporate strategy. Pierre dives deep into the evolution of Bitcoin treasury companies, from Strategy’s (MSTR) pioneering playbook to Strive’s (ASST) innovative approach with digital credit, perpetual preferreds, and corporate Bitcoin balance sheets. We cover: - The rise of Bitcoin treasury companies and their role in global adoption - How fixed-income wrappers are bringing institutional capital into Bitcoin - Why leverage and NAV matter for Bitcoin-backed corporations - The Bitcoin treasury bear market: consolidation, PIPEs & valuations - How regulation and lobbying shape the future of corporate Bitcoin - Risk management, audit oversight & securing Bitcoin as a corporate asset- Pierre’s thoughts on Strive, Strategy, and the path ahead for Bitcoin treasuries 00:00 Introduction: Pierre Rochard 00:44 Building Bitcoin Fixed-Income Products & Educating the Market 01:56 Joining Strive: Profit Maximization, Austrian Economics & Corporate Purpose 05:30 Digital Credit & Perpetual Preferreds 09:24 Audit Oversight, Risk Management & Secure Bitcoin Custody 11:57 Why Bitcoin Treasury Companies Matter for Global Adoption 16:33 Index Exclusions, Value Investing & Why Holding Bitcoin Beats Fiat 24:16 Regulation, S&P 500 Inclusion & How to Win Policy Battles for Bitcoin 34:24 Bitcoin Treasury Bear Market: Valuations, Mergers & Market Psychology 38:03 NAV Compression, AI/Gold Rotations & The Long-Term BTC Thesis 51:15 PIPEs, Reverse Mergers & How to Finance Bitcoin Treasury Growth 58:05 Trading Below NAV & Leverage Strategy 01:03:38 JPMorgan Lending on BTC Collateral & Closing Thoughts Big thanks to Little Bubble for allowing us to use his song: "One Chair": https://open.spotify.com/track/0XW7JgR2Nlg7WXGOeVT64h?si=a344b82984f74f81 Mentions: - Pierre Rochard: https://x.com/BitcoinPierre DISCLAIMER: This is not is financial advice. This podcast is for educational and entertainment purposes only. Thank you for listening! Follow us on: - X: https://x.com/OneChairPod - Youtube: https://www.youtube.com/@OneChairPod

In this episode, we break down the latest Strategy (MSTR) update with the new ATM issuance and the preferreds volumes ramping up. We discuss whether Metaplanet could rise from the ashes as one of the most undervalued Bitcoin treasury plays. We also explore the latest Bitcoin short squeeze setup and what it could mean for markets in the weeks ahead. Big thanks to Little Bubble for allowing us to use his song: "One Chair": https://open.spotify.com/track/0XW7JgR2Nlg7WXGOeVT64h?si=a344b82984f74f81 Mentions:- Jackson Fairbanks: https://x.com/Loonggamma DISCLAIMER: This is not is financial advice. This podcast is for educational and entertainment purposes only. Thank you for listening! Follow us on: - X: https://x.com/OneChairPod Youtube: https://www.youtube.com/@OneChairPod

In this episode, we break down the record-setting $20 billion crypto liquidation and what it revealed about Bitcoin’s resilience and the fragility of altcoins. We dive deep into the Bitcoin Treasury movement, exploring how companies like Metaplanet, Capital B, and Smarter Web are building sustainable, organic Bitcoin accumulation strategies, while others like Strive, Nakamoto, and Sequans face the fallout of risky PIPE deals. We also analyze Strategy’s STRC — how it’s maturing into a stable, liquid Bitcoin vehicle — and what this means for the future of corporate Bitcoin stacking. Big thanks to Little Bubble for allowing us to use his song: "One Chair": https://open.spotify.com/track/0XW7JgR2Nlg7WXGOeVT64h?si=a344b82984f74f81 Mentions: - Treasury Orange: https://www.youtube.com/@TreasuryOrange - Tyler Rowe: https://x.com/TylerCompiler - Treasury Orange with Yves: https://www.youtube.com/watch?v=VIJyfi0Tt7k&t - Adam Back & Richard Byworth: https://www.youtube.com/watch?v=iUU65dpFA34 DISCLAIMER: This is not is financial advice. This podcast is for educational and entertainment purposes only. Thank you for listening! Follow us on: - X: https://x.com/OneChairPod - Youtube: https://www.youtube.com/@OneChairPod

In this episode, we dive into the latest developments in Bitcoin treasuries, STRC preferred shares, and MetaPlanet’s outlook. We discuss the recent dividend increase, price stabilization mechanics, and the potential for ATM issuance. Plus, we cover the impact of Robinhood’s listing, S&P 500 inclusion speculation, and what a bear market could mean for these instruments.We also analyze MetaPlanet’s recent stock moves, the risks of PIPE deals, and how institutional investors may be shaping price action. Finally, we touch on Strategy’s leverage options, the teaser of Project Nova, and Japan’s new Prime Minister’s loose monetary policy as a bullish catalyst for Bitcoin. 00:00 MSTR's STRC Dividend Jump, MetaPlanet Sell-Off & What’s Really Happening Behind the PIPE Deals 01:00 STRC Update: Dividend Hike, Price Range & ATM Activation 04:15 Bear Market Test: Can STRC Stay Stable Under Pressure? 11:26 Metaplanet Stock Update: PIPE Deal Concerns & Retail Impact 18:36 Strategy’s Leverage: Convertible Bonds vs. Preferred Shares 22:42 Project Nova Teaser & Japan’s New Prime Minister Catalyst Big thanks to Little Bubble for allowing us to use his song: "One Chair": https://open.spotify.com/track/0XW7JgR2Nlg7WXGOeVT64h?si=a344b82984f74f81 Mentions: - Alexandre Laizet and Richard Byworth: https://www.youtube.com/watch?v=GeRi2TYV2v4 DISCLAIMER: This is not is financial advice. This podcast is for educational and entertainment purposes only. Thank you for listening! Follow us on X: https://x.com/OneChairPod Find us on Spotify: https://open.spotify.com/show/2AnTUGs4yjMwUxVSItYyZ2?si=d30ddc54c94741d0 Or on Apple Podcasts: https://podcasts.apple.com/us/podcast/one-chair-podcast/id1831827737 #bitcoin #michaelsaylor #bitcoinpodcast #bitcoinnews #finance #mstr #metaplanet #bitcointreasurycompanies #bitcoinetf #investing #investment #invest #MTPLF #PreferredShares #JapanMarkets

In this episode, we dive into the latest Bitcoin macro signals, the extended cycle debate, and the Bitcoin Treasury bear market hitting companies like Capital B and Metaplanet. We also cover Strategy (MSTR), its profitability streak, and the path to S&P 500 inclusion. Big thanks to Little Bubble for allowing us to use his song: "One Chair": https://open.spotify.com/track/0XW7JgR2Nlg7WXGOeVT64h?si=a344b82984f74f81 Mentions: - One Chair Podcast International: https://www.youtube.com/@OneChairPodInt - Introducing One Chair Podcast International: https://youtu.be/9OPVQhoM6qQ?si=FNgQjfPmkKUWxKTX - Raoul Pal ft. Julien Bittel: https://www.youtube.com/live/X_PkXDjeFyM?si=fpShScaIqfS26YwM DISCLAIMER: This is not is financial advice. This podcast is for educational and entertainment purposes only. Thank you for listening! Follow us on: - X: https://x.com/OneChairPod - Youtube: https://www.youtube.com/@OneChairPod

Unlock the secrets of the Bitcoin Treasury Playbook.In this episode, we break down how companies use their balance sheets to accumulate Bitcoin, explore concepts like mNAV and ATM offerings, and explain the infamous Infinite Money Glitch flywheel effect.Learn how corporate Bitcoin strategies are reshaping global capital markets. Big thanks to Little Bubble for allowing us to use his song: "One Chair": https://open.spotify.com/track/0XW7JgR2Nlg7WXGOeVT64h?si=a344b82984f74f81 DISCLAIMER: This is not is financial advice. This podcast is for educational and entertainment purposes only. Thank you for listening! Follow us on: - X: https://x.com/OneChairPod - Youtube: https://www.youtube.com/@OneChairPod

In this episode, we break down why Metaplanet looks undervalued and present its bold Bitcoin accumulation strategy. We also dive into the breaking news of the Strive–SMLR merger and what it means for Bitcoin adoption and treasury growth. Finally, we share our Strategy (MSTR) 2025 price prediction, including key catalysts like S&P 500 inclusion and preferred equity issuance. Big thanks to Little Bubble for allowing us to use his song: "One Chair": https://open.spotify.com/track/0XW7JgR2Nlg7WXGOeVT64h?si=a344b82984f74f81 Mentions: - https://x.com/BitcoinPowerLaw - https://x.com/JoshMandell6 DISCLAIMER: This is not is financial advice. This podcast is for educational and entertainment purposes only. Thank you for listening! Follow us on: - X: https://x.com/OneChairPod - Youtube: https://www.youtube.com/@OneChairPod

In this short episode of One Chair, we cut through the noise surrounding Strategy’s Bitcoin treasury playbook. You’ve probably heard the usual criticisms: 00:45 Myth 1: Strategy is overleveraged 01:24 Myth 2: Strategy will get margin called or liquidated 02:39 Myth 3: Strategy is a Ponzi 04:18 Myth 4: Bitcoin has no yield 05:38 Summary We break down each myth with facts and figures: ✅ Debt-to-asset ratio is only ~7–11%, far from “overleveraged” ✅ No risk of margin calls since the debt is uncollateralized ✅ Preferred dividends are backed by $73B in Bitcoin reserves ✅ Bitcoin’s long-term growth outpaces typical yield instruments Bottom line: Strategy is 9:1 over-collateralized, with no looming margin call, and their play only fails if Bitcoin collapses under $13K and stays there for years. Big thanks to Little Bubble for allowing us to use his song: "One Chair": https://open.spotify.com/track/0XW7JgR2Nlg7WXGOeVT64h?si=a344b82984f74f81 DISCLAIMER: This is not is financial advice. This podcast is for educational and entertainment purposes only. Thank you for listening! Follow us on X: https://x.com/OneChairPod Find us on Spotify: https://open.spotify.com/show/2AnTUGs4yjMwUxVSItYyZ2?si=d30ddc54c94741d0 Or on Apple Podcasts: https://podcasts.apple.com/us/podcast/one-chair-podcast/id1831827737 #bitcoin #michaelsaylor #bitcoinpodcast #bitcoinnews #finance #mstr #bitcointreasurycompanies #bitcoinetf #investing #investment #invest #PreferredShares

In this episode, we break down Strategy’s (MSTR) latest STRC IPO, why some call it dilutive, and the risks if Bitcoin crashes — versus the upside if Bitcoin increases in value. Plus, we dive into the new options on MSTR preferreds, Metaplanet’s $1.4B Bitcoin raise, Semler Scientific’s challenges, and Strive’s merger. Big thanks to Little Bubble for allowing us to use his song: "One Chair": https://open.spotify.com/track/0XW7JgR2Nlg7WXGOeVT64h?si=a344b82984f74f81 DISCLAIMER: This is not is financial advice. This podcast is for educational and entertainment purposes only. Thank you for listening! Follow us on: - X: https://x.com/OneChairPod - Youtube: https://www.youtube.com/@OneChairPod

Why wasn’t Strategy added to the S&P 500? In this video, we break down Friday’s big S&P 500 inclusion decision, where Robinhood and AppLovin made the cut — but Strategy stock was left out. Big thanks to Little Bubble for allowing us to use his song: "One Chair": https://open.spotify.com/track/0XW7JgR2Nlg7WXGOeVT64h?si=a344b82984f74f81 DISCLAIMER: This is not is financial advice. This podcast is for educational and entertainment purposes only. Thank you for listening! Follow us on: - X: https://x.com/OneChairPod - Youtube: https://www.youtube.com/@OneChairPod

Is Strategy about to join the S&P 500? In this episode, we break down the latest speculation, price action, and what it could mean for Bitcoin. Plus, we dive into Metaplanet's hyper-aggressive Bitcoin accumulation strategy and what’s ahead for Q4. Big thanks to Little Bubble for allowing us to use his song: "One Chair": https://open.spotify.com/track/0XW7JgR2Nlg7WXGOeVT64h?si=a344b82984f74f81 DISCLAIMER: This is not is financial advice. This podcast is for educational and entertainment purposes only. Thank you for listening! Follow us on: - X: https://x.com/OneChairPod - Youtube: https://www.youtube.com/@OneChairPod

In this episode, we break down the latest moves in Bitcoin treasuries: Strategy’s common share ATM issuance and why investors reacted positively, STRC’s updated dividend policy, Metaplanet’s bold international share sale and Strive’s upcoming merger vote. Big thanks to Little Bubble for allowing us to use his song: "One Chair": https://open.spotify.com/track/0XW7JgR2Nlg7WXGOeVT64h?si=a344b82984f74f81 DISCLAIMER: This is not is financial advice. This podcast is for educational and entertainment purposes only. Thank you for listening! Follow us on: - X: https://x.com/OneChairPod - Youtube: https://www.youtube.com/@OneChairPod

The Fed just made a historic shift — ditching the 2% inflation target. What does this mean for Bitcoin, MSTR, and the rise of Bitcoin Treasuries? In this episode, we break down Powell’s dovish stance, market reactions, STRC trading volumes, and even the U.S. government’s surprising 10% stake in Intel. Big thanks to Little Bubble for allowing us to use his song: "One Chair": https://open.spotify.com/track/0XW7JgR2Nlg7WXGOeVT64h?si=a344b82984f74f81 DISCLAIMER: This is not is financial advice. This podcast is for educational and entertainment purposes only. Thank you for listening! Follow us on: - X: https://x.com/OneChairPod - Youtube: https://www.youtube.com/@OneChairPod