True North is a supergroup investment club navigating the new financial frontier. Bitcoin treasury strategy, structured finance, corporate adoption, and macro conviction.https://tnorth.com/https://tnorth.com/shows/the-income-show/strategy-mstr-bitcoin-digital-credit-more/https://tnorth.com/shows/the-income-show/strategy-mstr-bitcoin-digital-credit-more/The Income Show is back with host Joe Burnett, joined by Archie from the Bitcoin Archive to discuss the tension between traditional HODLing culture and the rising financialization of Bitcoin. They break down portfolio strategies for onboarding new users, the macroeconomic role of corporate treasurieThu, 23 Jul 2026 00:00:00 GMThttps://tnorth.com/shows/true-north-weekly/architecture-of-value/https://tnorth.com/shows/true-north-weekly/architecture-of-value/The crew opens with MSTR balance sheet Update (cash raised, Bitcoin holdings), MSTR credit Quality, and Comparing balance sheet companies. They dig into Algorithmic trading impact (Automation, arbitrage, capital flows), SATA vs. STRC arbitrage, and preferred instruments pair trading. The conversation turns to institutional investor Feedback (credit quality, market concerns), options market analysis, and STRC volatility & Future. From there they work through MSTR Future strategy, Bitcoin BIP 110 Activation, and Probabilistic BIP 110 Outcome. The crew closes with final thoughts on Bitcoin forks and portfolio changes.Wed, 22 Jul 2026 00:00:00 GMThttps://tnorth.com/shows/hurdle-rate/social-investing/https://tnorth.com/shows/hurdle-rate/social-investing/In this week’s Hurdle Rate, the crew breaks down the slow summer market and strategy's focus on building up its balance sheet to improve credit quality. We explore how Strategy and Strive are navigating macro uncertainty, steadying operations, and executing consistent Bitcoin buys through the summerTue, 21 Jul 2026 00:00:00 GMThttps://tnorth.com/shows/the-income-show/bitcoin-bears-are-wrong/https://tnorth.com/shows/the-income-show/bitcoin-bears-are-wrong/The Income Show is back with host Joe Burnett, joined by Parker White of Apyx to break down his approach to portfolio construction, the role of income in managing Bitcoin volatility, and why price often drives market narratives more than fundamentals. They also discuss whether Bitcoin’s four year cyWed, 15 Jul 2026 00:00:00 GMThttps://tnorth.com/shows/hurdle-rate/shifting-institutional/https://tnorth.com/shows/hurdle-rate/shifting-institutional/In this week’s Hurdle Rate, the crew opens with updates from Strategy, Strive, and the digital credit market before recapping the major developments from Q2. We cover Strategy’s growing cash reserve, market feedback, and the evolution of Bitcoin-backed credit. We also explore institutional adoption,Tue, 14 Jul 2026 00:00:00 GMThttps://tnorth.com/shows/the-income-show/fix-the-money/https://tnorth.com/shows/the-income-show/fix-the-money/The Income Show is back for Episode 9, with host Joe Burnett, joined by Jon Willbanks to talk about building a portfolio around Bitcoin, Tesla, and digital credit, the common misconceptions holding people back from Bitcoin, and why he sees the coming singularity and wealth rotation between asset claThu, 09 Jul 2026 00:00:00 GMThttps://tnorth.com/shows/true-north-weekly/mstr-sells-bitcoin-to-fund-dividend/https://tnorth.com/shows/true-north-weekly/mstr-sells-bitcoin-to-fund-dividend/The crew unpacks Strategy's Q2 2026 balance sheet management — why MSTR sold Bitcoin to fund the dividend, how the market read the sales, and the share buybacks running alongside them as preferred equity bottomed. They walk through STRC's performance and liquidity, dig into the Q2 financials — Bitcoin growth, debt reduction, interest coverage — and the convertible put dates that frame equity dilution risk, then zoom out to first principles: what capital actually is, Bitcoin's role as digital capital, and capital versus currency on the road to hyperbitcoinization. The crew closes on Bitcoin-backed loans and the lender's dilemma, the developing Bitcoin yield curve and credit spreads, and a summer crab market heading into Q3.Wed, 08 Jul 2026 00:00:00 GMThttps://tnorth.com/shows/hurdle-rate/building-the-track-record/https://tnorth.com/shows/hurdle-rate/building-the-track-record/In this week’s Hurdle Rate, the crew breaks down Strategy’s sale of Bitcoin to fund dividend payments and why the market’s reaction may signal growing confidence in Bitcoin as a liquid capital asset. We explore how Strategy and Strive are using balance sheet management, digital credit, and capital mTue, 07 Jul 2026 00:00:00 GMThttps://tnorth.com/shows/the-income-show/is-the-bitcoin-4-year-cycle-dead/https://tnorth.com/shows/the-income-show/is-the-bitcoin-4-year-cycle-dead/The Income Show is back for Episode 8, with host @IIICapital joined by Jesse Myers to talk about the recent shakeout in digital credit, where Bitcoin sentiment and the four-year cycle stand today, and why he sees Bitcoin accelerating toward becoming the world's dominant form of long-term capital.Thu, 02 Jul 2026 00:00:00 GMThttps://tnorth.com/shows/true-north-weekly/the-stress-test/https://tnorth.com/shows/true-north-weekly/the-stress-test/The crew puts Strategy's new capital framework through its paces — unpacking the USD reserve policy behind MSTR's cash liquidity, what credit and equity investors each need from it, and how the credit market is evolving from high-yield ETFs to pension gaps. They dig into the new STRC dividend and buyback policies, how the market read MSTR's Bitcoin sales, and the BTC monetization program funding reserves and dividend payments, then stress-test the balance sheet itself — leverage ratio, the Bitcoin price floor, and why clear communication around monetization carries psychological weight. The crew closes on securitized products, market leverage, and the opportunity hiding in a bear market.Wed, 01 Jul 2026 00:00:00 GMThttps://tnorth.com/shows/hurdle-rate/the-digital-credit-capital-framework/https://tnorth.com/shows/hurdle-rate/the-digital-credit-capital-framework/In this week's Hurdle Rate, the crew opens with the latest on digital credit volatility and the broader market backdrop, before digging into Strategy's capital framework and how management is navigating stress in the system. The conversation turns to institutional behavior, the realities of managingTue, 30 Jun 2026 00:00:00 GMThttps://tnorth.com/shows/the-income-show/is-digital-credit-broken/https://tnorth.com/shows/the-income-show/is-digital-credit-broken/Joe Burnett sits down with Tyler Evans — Chief Investment Officer of Nakamoto — for episode 7 of The Income Show. With STRC and SATA whipsawing, they ask whether digital credit is 'broken' or simply repricing: tracing Bitcoin's market cycles and shifting volatility, framing digital credit as a long-carry trade, and unpacking what recent STRC volatility, issuer cash reserves, and capital-markets positioning really signal. They contrast digital credit with private credit on transparency and liquidity, take on the loudest criticisms from the Bitcoin community, and close on the Bitcoin growth required to cover dividends and the macro backdrop underpinning the core thesis.Thu, 25 Jun 2026 00:00:00 GMThttps://tnorth.com/shows/true-north-weekly/the-long-game/https://tnorth.com/shows/true-north-weekly/the-long-game/The crew settles in for the long game — sizing up Bitcoin and MSTR's latest volatility, stress-testing Strategy's balance sheet and dividend coverage, and weighing MSTR's amplified beta against institutional hedging. They set Bitcoin's four-year CAGR and shortening drawdowns against a shifting macro backdrop of IPOs, bond raises, and gold outflows, then turn to the volatility running through digital credit across STRC and SATA, the Basel-era regulation taking shape around it, and the BIP-110 game theory pitting miners against nodes.Wed, 24 Jun 2026 00:00:00 GMThttps://tnorth.com/shows/hurdle-rate/digital-credit-weakness/https://tnorth.com/shows/hurdle-rate/digital-credit-weakness/In this week's Hurdle Rate, the crew breaks down the mechanics of volatility and liquidation events, before turning to shifting investor behavior and how markets react to sudden liquidations. We dig into how digital credit stacks up against traditional financial instruments, the innovations shaping Mon, 22 Jun 2026 00:00:00 GMThttps://tnorth.com/shows/the-income-show/public-company-ceo-went-all-in-on-bitcoin-digital-credit/https://tnorth.com/shows/the-income-show/public-company-ceo-went-all-in-on-bitcoin-digital-credit/Joe Burnett sits down with Evan Horowitz — Chief Executive Officer of Farmhouse Inc. ($FMHS) — for episode 6 of The Income Show. Evan tells the story of taking a public company from cannabis to Bitcoin, and makes the case for the 'anti-debasement company': holding Bitcoin alongside tokenized and physical gold on a multi-asset treasury, scaling a digital-asset balance sheet, and using digital credit as a strategic asset to neutralize corporate expenses. They range across Bitcoin adoption versus the early internet, a bearish read on stablecoins, gold-and-Bitcoin synergies, why permissionless money matters, and how to handle market volatility and red days.Thu, 18 Jun 2026 00:00:00 GMThttps://tnorth.com/shows/true-north-weekly/the-launch-pad/https://tnorth.com/shows/true-north-weekly/the-launch-pad/The crew works through the STRC selloff — what MSTR's cash-reserve reduction means for capital structure, dividend coverage, and debt reduction, and how an issuer can steady STRC's price while the market reprices it as a Bitcoin derivative. They weigh STRC's yield against its volatility and trading volume, then turn to the wave of AI and IPO capital (SpaceX and the tech giants), what AI's marginal-cost dynamics and shifting pricing models mean for Bitcoin's narrative, and the case for Bitcoin as savings technology with digital credit as the bridge to adoption. A live Q&A closes on STRC dividend confidence, treasury-company outperformance, OTC Bitcoin execution, and the latest STRC FUD.Wed, 17 Jun 2026 00:00:00 GMThttps://tnorth.com/shows/hurdle-rate/whats-your-time-preference/https://tnorth.com/shows/hurdle-rate/whats-your-time-preference/In this week’s Hurdle Rate, the crew opens on accelerating market activity and the role of bitcoin in USD reserve thinking, before working through a holistic capital structure strategy and how to design long-term capital vehicles around it. We dig into recent Bitcoin flows, the SpaceX IPO and other Tue, 16 Jun 2026 00:00:00 GMThttps://tnorth.com/research/theres-a-wealth-shortage/https://tnorth.com/research/theres-a-wealth-shortage/Joe Burnett argues the economy's real problem isn't inequality but a wealth shortage — abundant productive capacity with no durable way to store it — and how bitcoin's perfect scarcity, plus digital credit and digital money, fixes it.Tue, 16 Jun 2026 00:00:00 GMThttps://tnorth.com/shows/the-income-show/bitcoin-is-down-50-what-is-happening/https://tnorth.com/shows/the-income-show/bitcoin-is-down-50-what-is-happening/The Income Show is back for Episode 5, with host @IIICapital joined by Brian Brookshire to talk all things digital finance. From digital credit and stablecoins to Bitcoin and standout tickers like $MSTR, $STRC, and $SATA, this conversation covers the ideas and assets reshaping how we think about monMon, 15 Jun 2026 00:00:00 GMThttps://tnorth.com/shows/the-income-show/jakob-schillinger-future-of-money-digital-credit-bitcoin/https://tnorth.com/shows/the-income-show/jakob-schillinger-future-of-money-digital-credit-bitcoin/Joe Burnett sits down with Jakob Schillinger — Founder and CEO of Hermetica — for episode 4 of The Income Show. They explore the future of money, the evolution of fixed income, and why digital credit is one of the largest untapped markets in finance: what separates a durable yield product from past-cycle failures, the role of transparency, institutional-grade risk controls and low volatility, lessons from recent DeFi exploits, and Hermetica's path to multi-billion-dollar scale. They close on Bitcoin as a world reserve asset, the intersection of AI and Bitcoin, and how a shifting interest-rate regime will redefine every digital credit issuer's priorities.Thu, 04 Jun 2026 00:00:00 GMThttps://tnorth.com/shows/true-north-weekly/strategy-sells-bitcoin-so-what-w-adam-livingston/https://tnorth.com/shows/true-north-weekly/strategy-sells-bitcoin-so-what-w-adam-livingston/The crew is joined by Adam Livingston to steelman the Strategy-is-selling-Bitcoin FUD — stress-testing MSTR's dividend coverage through Bitcoin drawdowns, dissecting STRC's credit quality against bank preferreds, and tracing how amplified Bitcoin and capital-market access fund the preferred stack. They zoom out to Bitcoin's evolution from reserve asset to settlement layer and why digital credit is becoming a yield-bearing monetary alternative.Wed, 03 Jun 2026 00:00:00 GMThttps://tnorth.com/shows/hurdle-rate/the-math-of-amplification/https://tnorth.com/shows/hurdle-rate/the-math-of-amplification/In this week's Hurdle Rate, the crew breaks down the latest corporate Bitcoin market activity and Strive's growing Bitcoin holdings, before turning to Strategy's Bitcoin sale and what the balance sheet math actually reveals about risk and permanent impairment. We dig into historical bear market scenTue, 02 Jun 2026 00:00:00 GMThttps://tnorth.com/shows/the-income-show/stephen-cole-building-a-high-yield-account-on-bitcoin/https://tnorth.com/shows/the-income-show/stephen-cole-building-a-high-yield-account-on-bitcoin/Joe Burnett sits down with Stephen Cole — Co-Founder and CEO of Castle — for episode 3 of The Income Show. The conversation covers how any business can automatically put Bitcoin on its balance sheet, why digital credit beats traditional banking, Bitcoin as a benchmark for long-term success, the parallels between today's adoption and the early internet, the risk of waiting on the sidelines, and what happens to corporate treasuries as interest rates shift over the next five years.Thu, 28 May 2026 00:00:00 GMThttps://tnorth.com/shows/hurdle-rate/scale-like-crazy/https://tnorth.com/shows/hurdle-rate/scale-like-crazy/In this weeks Hurdle Rate the crew breaks down Strategy's latest debt retirement and what it signals about capital structure and market perception, before turning to Strive's growing Bitcoin holdings, the launch of SATA daily dividends, and what the firm's market cap reveals about treasury efficiencWed, 27 May 2026 00:00:00 GMThttps://tnorth.com/shows/true-north-weekly/the-new-regime/https://tnorth.com/shows/true-north-weekly/the-new-regime/The crew on Strategy's convertible-retirement playbook, the AI memory trade through Micron and high-bandwidth memory, Warsh and the Fed's new regime navigating debt spirals and treasury-demand erosion, and how digital credit demand grows as the dollar base layer comes under pressure.Wed, 27 May 2026 00:00:00 GMThttps://tnorth.com/shows/true-north-weekly/reimagining-money/https://tnorth.com/shows/true-north-weekly/reimagining-money/The crew on STRC's payout cadence and ex-dividend liquidity dynamics, Bitcoin amplification theory through preferred-equity leverage, and the rise of Bitcoin credit markets eclipsing spot BTC — plus AI capital rotation, a Strategic Bitcoin Reserve, and how shareholder voting may shape the next wave of digital credit.Thu, 21 May 2026 00:00:00 GMThttps://tnorth.com/shows/hurdle-rate/exponential-innovation/https://tnorth.com/shows/hurdle-rate/exponential-innovation/The crew on Strive's evolution into 'The Daily Dividend Company' and what it means for the future of financial products: ringing the opening bell at Nasdaq, how Strive paid off its debt, the magnitude of the opportunity, the infrastructure behind the scenes, and where Bitcoin fits in Strive's long-term future.Tue, 19 May 2026 00:00:00 GMThttps://tnorth.com/research/strategy-trading-bitcoin-power-law-trend/https://tnorth.com/research/strategy-trading-bitcoin-power-law-trend/Dan Hillery argues that Strategy's pendulum between STRC issuance at low Bitcoin prices and accretive common equity issuance at high prices systematically grows BTC per share — with the current 37% amplification ratio reflecting management's bet that Bitcoin is near the lows relative to the power law trend.Tue, 19 May 2026 00:00:00 GMThttps://tnorth.com/shows/the-income-show/matthew-sigel-digital-credit-government-spending-institutional-yield/https://tnorth.com/shows/the-income-show/matthew-sigel-digital-credit-government-spending-institutional-yield/Joe Burnett sits down with Matthew Sigel — CFA and Head of Digital Assets Research at VanEck — for episode 2 of The Income Show. The conversation covers the evolution of Strategy's digital credit products, why 60/40 portfolios may no longer be sufficient in an era of persistent government spending and structural inflation, the intersection of AI and Bitcoin mining infrastructure, Bitcoin's relationship to gold, and nation-state involvement in mining.Mon, 18 May 2026 00:00:00 GMThttps://tnorth.com/shows/true-north-weekly/the-world-has-changed/https://tnorth.com/shows/true-north-weekly/the-world-has-changed/The crew unpacks Strategy's daily-dividend SATA launch and how dividend frequency reshapes stablecoin arbitrage and DRIP compounding, credit-risk modeling for perpetual yields, the Coffeezilla x Jeff Walton debate, leveraged carry trades and liquidity centralization in digital credit, IPOs as Bitcoin risk-transfer vehicles, and how the Clarity Act is accelerating Bitcoin capital markets.Thu, 14 May 2026 00:00:00 GMThttps://tnorth.com/research/bitcoin-backed-yield-a-boring-chart/https://tnorth.com/research/bitcoin-backed-yield-a-boring-chart/James Lavish, CFA walks through STRC and SATA — the two perpetual preferred shares with Bitcoin reserves behind them — and explains how Digital Credit pays an 11.5% monthly cash coupon while keeping the share price anchored near par.Sun, 10 May 2026 00:00:00 GMThttps://tnorth.com/shows/the-income-show/mike-alfred-ai-bitcoin-digital-credit-the-future-of-investing/https://tnorth.com/shows/the-income-show/mike-alfred-ai-bitcoin-digital-credit-the-future-of-investing/Joe Burnett sits down with Mike Alfred — Founder and Managing Partner of Alpine Fox LP and a director at IREN and Bakkt — for the debut episode of The Income Show. The conversation covers high-conviction investing, why Bitcoin is structurally unique, the rise of digital credit as a high-yield alternative to traditional bonds and private credit, AI and physical infrastructure, and Mike's case for Bitcoin reaching $1 million by 2033–2035.Fri, 08 May 2026 00:00:00 GMThttps://tnorth.com/shows/true-north-weekly/credit-quality-accelerating/https://tnorth.com/shows/true-north-weekly/credit-quality-accelerating/The crew unpacks Strategy's earnings reaction, the rationale behind selling Bitcoin to fund preferred dividends and retire convertible debt, how deeper Bitcoin liquidity is amplifying credit arbitrage and mNAV mechanics, and the digital credit expansion reshaping debt markets through DeFi tranching and instruments with indirect Bitcoin exposure.Thu, 07 May 2026 00:00:00 GMThttps://tnorth.com/shows/hurdle-rate/the-answer-is-trillions/https://tnorth.com/shows/hurdle-rate/the-answer-is-trillions/The crew is back this week reacting to MSTR’s latest earnings call and what it could mean for the future. They then dive into the rise of digital credit and if it's too good to be true. Finally, they close with a discussion around the FDIC, monetary risk, and the broader implications for the financial system moving forward.Wed, 06 May 2026 00:00:00 GMThttps://tnorth.com/research/strategy-q1-2026-earnings-call-qa-notes/https://tnorth.com/research/strategy-q1-2026-earnings-call-qa-notes/Mason Foard's full Q&A notes from Strategy's Q1 2026 earnings call — Saylor on the BTC drive as a third lever, the STRC issuance dial, Bitcoin as Layer 3, the institutional ownership shift, the volatility-and-quantum playbook, the credit rerating, the regulatory wishlist, and the clean-sheet balance sheet.Tue, 05 May 2026 00:00:00 GMThttps://tnorth.com/research/strk-400-dominate-strategy-trading-volume/https://tnorth.com/research/strk-400-dominate-strategy-trading-volume/Dan Hillery argues STRK will become as liquid as MSTR as a percentage of market cap. Gamma trading, MSTR call selling against STRK's embedded equity, levered carry trade structures, the ATM cut from $21B to $2.1B, and the moving liquidation preference all point to STRK dominating Strategy's trading volume.Fri, 01 May 2026 00:00:00 GMThttps://tnorth.com/shows/true-north-weekly/the-dividend-machine/https://tnorth.com/shows/true-north-weekly/the-dividend-machine/The crew breaks down Strategy's shift to semi-monthly STRC dividends, walks through the balance sheet flywheel and mNAV premium funding capital raises, traces the path toward credit-rating receptivity through structured tranching, and explores how capital rotates from equity profits into yield-bearing digital credit instruments.Thu, 23 Apr 2026 00:00:00 GMThttps://tnorth.com/shows/hurdle-rate/the-user-experience/https://tnorth.com/shows/hurdle-rate/the-user-experience/The crew discusses Strategy's passing of BlackRock in Bitcoin holdings and what it could signal for broader markets, whether the tokenized ecosystem is actually providing value, how AI tools are reshaping portfolio construction, and wraps up with Schwab's approach to Bitcoin education.Tue, 21 Apr 2026 00:00:00 GMThttps://tnorth.com/research/the-income-statement-is-the-obituary/https://tnorth.com/research/the-income-statement-is-the-obituary/The equity market is scoring the wrong game. Jeff Walton re-runs the market's own pricing rule across 14 of the S&P's most scrutinized equities — Strategy is mispriced 4x to 22x in every honest specification, and the Mag 7 clusters on the wrong side of the line.Mon, 20 Apr 2026 12:00:00 GMThttps://tnorth.com/research/strc-semi-monthly-divs-10b-atm/https://tnorth.com/research/strc-semi-monthly-divs-10b-atm/Dan Hillery argues that shifting STRC's dividend cadence from monthly to semi-monthly will compress the time to recover to $100 par, give arbitrage traders two shots at overnight dividend capture per month, and drive STRC ATM volume toward $10B per month.Mon, 20 Apr 2026 00:00:00 GMThttps://tnorth.com/research/weekly-signal-2026-04-17/https://tnorth.com/research/weekly-signal-2026-04-17/The weekly signal from the True North team — covering Strategy's STRC dividend shift to semi-monthly, a $1B BTC buy funded by STRC issuance, Fidelity's 'get off zero' research, Coffeezilla's STRC critique, and Wall Street banks racing into Bitcoin with $189K price targets.Fri, 17 Apr 2026 00:00:00 GMThttps://tnorth.com/shows/hurdle-rate/a-structural-shift/https://tnorth.com/shows/hurdle-rate/a-structural-shift/The crew is back this week discussing Digital Credit’s big month and what it signals for markets. They then explore capital flows, before rethinking credit in today’s environment and wrapping with a discussion on the end of the 60/40 portfolio. Here's the latest with Tim Kotzman, Matt Cole, Jeff WalTue, 14 Apr 2026 00:00:00 GMThttps://tnorth.com/shows/true-north-weekly/calling-the-shot/https://tnorth.com/shows/true-north-weekly/calling-the-shot/The crew unpacks STRC's arbitrage setup and the capital-markets shift toward digital credit, billion-scale liquidity perspective and the balance-sheet flywheel, debasement math and leverage-risk analysis, issuance constraints and mNAV allocation strategy across rate regimes, and the Coffeezilla x Bankless media-narrative debate.Tue, 14 Apr 2026 00:00:00 GMThttps://tnorth.com/research/weekly-signal-2026-04-10/https://tnorth.com/research/weekly-signal-2026-04-10/The weekly signal from the True North team — covering Japan's Bitcoin regulation bill, Iran requiring Bitcoin for Strait of Hormuz transit, the US push for digital asset clarity, Fidelity's stablecoin launch, Strategy's continued BTC accumulation via STRC, quantum-safe Bitcoin transactions, and Morgan Stanley's ETF debut.Fri, 10 Apr 2026 00:00:00 GMThttps://tnorth.com/shows/true-north-weekly/mstr-can-buy-more-btc-than-sellers-can-sell/https://tnorth.com/shows/true-north-weekly/mstr-can-buy-more-btc-than-sellers-can-sell/The crew analyzes STRC's liquidity and yield structure, breaks down algorithmic arbitrage flows, examines digital credit's hybrid capital thesis, models MSTR's demand engine under rate cuts, and compares the full capital stack across STRC, STRF, and STRK.Wed, 08 Apr 2026 00:00:00 GMThttps://tnorth.com/research/flow-adjusted-yield-fay/https://tnorth.com/research/flow-adjusted-yield-fay/Grain of Salt introduces Flow-Adjusted Yield (FAY), a new metric that replaces volatility with market participation as the denominator — revealing that SATA delivers 35.6% more yield per unit of flow than STRC.Wed, 08 Apr 2026 00:00:00 GMThttps://tnorth.com/research/strc-broke-sharpe-ratio/https://tnorth.com/research/strc-broke-sharpe-ratio/Grain of Salt explains how STRC's collapsing volatility mechanically breaks the Sharpe Ratio — and why that means the framework itself no longer applies to Bitcoin-backed preferred equity.Wed, 08 Apr 2026 00:00:00 GMThttps://tnorth.com/shows/hurdle-rate/the-management-of-the-treasury/https://tnorth.com/shows/hurdle-rate/the-management-of-the-treasury/The crew on the growing risks around the US debt crisis and what it could mean for markets, how AI is rapidly disrupting the startup economy, debasement and portfolio construction in this environment, and which non-Bitcoin companies could still be attractive going forward.Tue, 07 Apr 2026 00:00:00 GMThttps://tnorth.com/shows/hurdle-rate/bitcoin-ai-and-the-new-qe/https://tnorth.com/shows/hurdle-rate/bitcoin-ai-and-the-new-qe/The crew discusses the growing risks around the US debt crisis and what it could mean for markets, how AI is rapidly disrupting the startup economy, debasement and portfolio construction, and which non-Bitcoin companies could still be attractive going forward.Sat, 04 Apr 2026 00:00:00 GMThttps://tnorth.com/research/weekly-signal-2026-04-03/https://tnorth.com/research/weekly-signal-2026-04-03/The weekly signal from the True North team — covering Strive's first-ever digital credit ETF filing, STRC and SATA both hitting par, New Hampshire's Bitcoin-backed municipal bond, Morgan Stanley's spot BTC ETF, Bitcoin as mortgage collateral, and MetaPlanet's aggressive Q1 accumulation.Fri, 03 Apr 2026 00:00:00 GMT