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(3949)

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

"Big Short" Michael Burry Warns of "Death Spiral" | CoinDesk Daily

"Big Short" Michael Burry Warns of "Death Spiral" | CoinDesk Daily

"Big Short" Michael Burry bashes bitcoin. Michael Burry, the investor who famously predicted the 2008 crash, says bitcoin’s drop is triggering a "collateral death spiral" in precious metals. He warns...

4 Feb 1min

Stocktwits CEO on Investing in 2026: 'Never a Better Time to Start, Never a Harder Time to Stay' | Markets Outlook

Stocktwits CEO on Investing in 2026: 'Never a Better Time to Start, Never a Harder Time to Stay' | Markets Outlook

Live from the Ondo Summit in NYC, Stocktwits CEO Howard Lindzon joins Jennifer Sanasie for a special Markets Outlook to break down the rise of the Degenerate Economy, where 24/7 speculation has replac...

4 Feb 12min

Patrick Witt Says 'Let's Not Let Perfect Be the Enemy of Good' in Stablecoin Standoff

Patrick Witt Says 'Let's Not Let Perfect Be the Enemy of Good' in Stablecoin Standoff

Following up on the White House crypto meeting with Executive Director of the President's Council of Advisors on Digital Assets Patrick Witt. Speaking with CoinDesk's Jennifer Sanasie and Sam Ewen at...

3 Feb 13min

The Bitcoin Play in Musk's $1T SpaceX-xAI Merger | CoinDesk Daily

The Bitcoin Play in Musk's $1T SpaceX-xAI Merger | CoinDesk Daily

What happens to SpaceX's bitcoin stash after the xAI merger? Elon Musk's merger between SpaceX and xAI is creating a trillion-dollar tech titan, and pulling a massive 8,300 Bitcoin treasury out of th...

3 Feb 2min

The Blockspace Pod: What’s Really Driving Bitcoin’s Price w/ Rory Murray

The Blockspace Pod: What’s Really Driving Bitcoin’s Price w/ Rory Murray

CleanSpark’s Rory Murray joins us to explain the macro forces driving bitcoin’s price and how the options market may be suppressing bitcoin. Subscribe to the Blockspace newsletter! Welcome back to...

3 Feb 56min

Bitcoin Plunges to $78K Amid Extreme Fear | CoinDesk Daily

Bitcoin Plunges to $78K Amid Extreme Fear | CoinDesk Daily

Has BTC reached bottom yet? Bitcoin has dropped near $78,000 after a week of turmoil. Analysts are blaming the selloff on war risks, liquidation cascades, and crash in safe haven assets like gold and...

2 Feb 2min

Three Tax Hurdles Stifling U.S. Crypto Innovation

Three Tax Hurdles Stifling U.S. Crypto Innovation

Unpacking crypto tax with Solana Policy Institute Head of Government Relations Colin McLaren. Solana Policy Institute Head of Government Relations, Colin McLaren joins Paul Hastings Partner Renato Ma...

31 Jan 11min

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