Episode 7 - Fully Torqued Bitcoin [00:00] Welcome Back to The Hurdle Rate [00:20] Strategy (MSTR) earnings call recap [01:39] 42/42 Capital Raising Plan [11:43] Permanent Leverage without Refinancing Risk [12:19] Seniority & Volatility of Strategy’s BTC-Backed Securities [17:38] Using BTC Risk for Credit Analysis [23:29] Strategy Liabilities and Capital Structure [33:53] BTC Torque [40:39] Credit Comparison of Strategy products [45:14] Closing thoughts and looking ahead to Orlando
