BITCOIN SEASON 2: The Great Bitcoin Treasury Bubble

BITCOIN SEASON 2: The Great Bitcoin Treasury Bubble

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? hello@blockspace.media See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Episoder(3948)

Where Did All The Crypto Super Bowl Ads Go?

Where Did All The Crypto Super Bowl Ads Go?

Sam Ewen breaks down the absence of crypto from the 2026 Super Bowl, comparing today’s silence to the frenzy of 2022. Sam Ewen asks the question: where are all the 2026 Super Bowl ads? He explores th...

9 Feb 10min

The Blockspace Pod: Quantum: The Next Battleground For Bitcoin

The Blockspace Pod: Quantum: The Next Battleground For Bitcoin

Is Bitcoin quantum ready or is it just more FUD? We dive into the technical and social battles between developers and investors over the coming quantum threat, exploring the Factor 21 meme and the hig...

7 Feb 18min

Ondo Charts a Path from Tokenized Assets to On-Chain Prime Brokerage | Markets Outlook

Ondo Charts a Path from Tokenized Assets to On-Chain Prime Brokerage | Markets Outlook

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6 Feb 9min

The Blockspace Pod: Bitcoin Craters, French Gov't Challenge MARA Acquisition, Cipher's Note Sees $13B But Interest

The Blockspace Pod: Bitcoin Craters, French Gov't Challenge MARA Acquisition, Cipher's Note Sees $13B But Interest

Bitcoin nukes to $65k as the industry faces a historic selloff. We cover a massive 13% difficulty drop, France’s pushback against Mara’s energy deal, Tether’s $100M investment, and massive power expan...

6 Feb 37min

"ETF Boomers" Show Diamond Hands as Bitcoin Slides 40% | Markets Outlook

"ETF Boomers" Show Diamond Hands as Bitcoin Slides 40% | Markets Outlook

Unpacking ETF investor reaction in the market downturn with Bloomberg Intelligence's Eric Balchunas. Bloomberg Intelligence Senior ETF Analyst, Eric Balchunas joins CoinDesk's Jennifer Sanasie to dis...

5 Feb 18min

How Dan Morehead’s Pantera Capital Achieved an 86% Success Rate | Markets Outlook

How Dan Morehead’s Pantera Capital Achieved an 86% Success Rate | Markets Outlook

Live from the Ondo Summit in NYC, Pantera Capital Founder, Dan Morehead joins Jennifer Sanasie and Sam Ewen for a special Markets Outlook to explain why he’s more bullish now than when he launched the...

5 Feb 11min

Bitcoin Crashes Below $70K, What's Next? | CoinDesk Daily

Bitcoin Crashes Below $70K, What's Next? | CoinDesk Daily

Bitcoin sank below $70K. Bitcoin has tumbled below $70,000, pushing market sentiment into "extreme fear." But the pain might not be over: Stifel analysts are predicting a potential crash all the way ...

5 Feb 2min

Rune Christensen on How AI Agents Are Powering Institutional DeFi at Sky

Rune Christensen on How AI Agents Are Powering Institutional DeFi at Sky

Agentic AI meets institutional finance with Sky Co-Founder Rune Christensen. Sky Co-Founder Rune Christensen sits down with CoinDesk's Jennifer Sanasie and Andy Baehr at the Ondo Summit to share how ...

4 Feb 7min

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