About This Episode
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 markets access to keep their models moving through volatility. We also dig into SATA’s short interest, the idea of a “controlled burn,” and how Strive is thinking about protecting shareholders while allowing the market to function. We close with a broader discussion on patience, positioning, and building durable structures in the Bitcoin capital markets era. Here’s the latest with Tim Kotzman, Matt Cole, Jeff Walton, and Ben Werkman.
In This Episode
- 00:00:00 — Welcome to the Hurdle Rate
- 00:03:20 — Why Selling Bitcoin Helps STRC Confidence
- 00:05:37 — Matt Cole on Strategy’s Long-Term Move
- 00:09:05 — Bitcoin Absorbs the Sale
- 00:13:53 — Bitcoin Liquidity Compared to Real Estate
- 00:17:29 — Why the Model Still Works Without Capital Markets
- 00:19:03 — Bitcoin CAGR + Balance Sheet Strength
- 00:23:14 — Strive’s Dividend Math Compared to Strategy
- 00:27:40 — SATA Short Interest + “Controlled Burn”
- 00:34:20 — Jeff Explains Controlled Burns and Wildfire Incentives
- 00:41:56 — Why Strive May Let SATA Trade Freely
- 00:44:05 — Patience, Positioning, and Market Discipline
- 00:45:07 — Closing Thoughts