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)

Wall Street <3 Crypto?

Wall Street <3 Crypto?

FOAM’s decentralized world map is now live. -AND- BitGo just launched its own regulated custodian for crypto assets. -ALSO- 10 years after Lehman: Bitcoin and wall street are closer than ever. -DON’T ...

13 Sep 201810min

Get Out of Jail Free Token

Get Out of Jail Free Token

A bitcoin mining company called Bitewei is being hailed as a new rival to Bitmain. -AND- Yet another stablecoin has been unveiled, this time from blockchain startup Carbon. -ALSO- The CEO of OKCoin h...

12 Sep 20189min

Soccer Team Gets Crypto, SEC Doles Out Penalties

Soccer Team Gets Crypto, SEC Doles Out Penalties

The SEC hits crypto asset fund and “ICO superstore” with penalties in a double whammy. -AND- Ethereum developers are hard at work on new ways to fend off ASICs. -ALSO- Le crypto is coming for French s...

11 Sep 201813min

WeChat vs. Bitmain

WeChat vs. Bitmain

Interstellar is born. The long-awaited union of Chain and Lightyear.io has delivered a new company. -AND- The WeChat crackdown on cryptocurrency-related accounts continues! This week’s victim: mining ...

10 Sep 201812min

The End of the ICO Era

The End of the ICO Era

The era of big ticket ICOs may be over, at least according to some cryptocurrency industry observers. -AND- The pioneer of the proof-of-stake consensus system wants to get into… hardware? -ALSO- Crypt...

7 Sep 201811min

Blood in the Water

Blood in the Water

Officials in China want to use blockchain to track the movements of paroled convicts. Maybe Chinese ICO backers will get to use blockchain after all? -AND- IBM is working with a blockchain organizatio...

6 Sep 201810min

R3jected

R3jected

Good news out of China? The People’s Bank of China’s digital currency researchers are expanding. -AND- Ripio is expanding its crypto-powered loan offering across South America. -ALSO- R3’s attempt to ...

5 Sep 201812min

NEO Wanted BitTorrent

NEO Wanted BitTorrent

A new paper co-authored by Vitalik Buterin proposes to solve the network’s “free rider” problem. -AND- The Australian Securities Exchange (ASX) has pushed back the launch of a blockchain replacement f...

4 Sep 20189min

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