Matt Cole, Ben Werkman, Jeff Walton, and Tim Kotzman dive into Bitcoin, energy, treasury management, markets, macro, AI, and more. Bitcoin is the hurdle rate for capital deployment — and there is substantial depth to that statement that we endeavor to explore.https://tnorth.com/https://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/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/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/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/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/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/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/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/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/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/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/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/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/shows/hurdle-rate/an-increasingly-digital-world/https://tnorth.com/shows/hurdle-rate/an-increasingly-digital-world/Tim Kotzman joins Jeff Walton, Ben Werkman, and Matt Cole to discuss Strategy's new at-the-market programs ($21B for STRC, $21B for MSTR, and a reduction of STRK's ATM from $21B to $2.1B), the framing of digital credit as a Bitcoin-backed yield product, private-credit gates as a liquidity event versus a default event, commercial real estate pressure, and how public high-yield ETFs behaved through prior crashes.Wed, 25 Mar 2026 00:00:00 GMThttps://tnorth.com/shows/hurdle-rate/a-digital-credit-treasury/https://tnorth.com/shows/hurdle-rate/a-digital-credit-treasury/Strategy just bought more than 22,000 Bitcoin, but the bigger story may be what comes next. In this episode of The Hurdle Rate, the team breaks down digital credit, Bitcoin-backed treasury strategy, yield, liquidity, and why products like Stretch and Saya could reshape corporate finance. If you wantTue, 17 Mar 2026 00:00:00 GMThttps://tnorth.com/shows/hurdle-rate/some-pretty-good-money-printing/https://tnorth.com/shows/hurdle-rate/some-pretty-good-money-printing/The crew kicks things off with Strategy's latest moves and what they could mean going forward. They then discuss the milestone of the 20 millionth Bitcoin being mined and what it says about Bitcoin's supply schedule. The back half shifts to a broader conversation about the speed at which AI is advancing.Tue, 10 Mar 2026 00:00:00 GMThttps://tnorth.com/shows/hurdle-rate/digital-credit-is-for-corporations/https://tnorth.com/shows/hurdle-rate/digital-credit-is-for-corporations/The crew is back this week and dives straight into Bitcoin as digital freedom money amid growing global uncertainty, followed by a full Strategy World recap. They examine whether STRC itself represents The Hurdle Rate, then look at how traditional finance showed up at Strategy World and what that signals. The back half of the episode focuses on the liquidity component and wraps with closing thoughts. andMon, 02 Mar 2026 00:00:00 GMThttps://tnorth.com/shows/hurdle-rate/bullish-digital-credit/https://tnorth.com/shows/hurdle-rate/bullish-digital-credit/The crew is back with a wide-ranging breakdown of the week’s biggest themes. They kick things off with reflections on Bitcoin Investor Week and Matt’s debate with Grant Cardone, then dig into how amplification works in a bear market and what it means for positioning. From there, the conversation shifts to the true risk profile of digital credit instruments, private credit and the compounding effects of GDP and government spending, and closes with a discussion on AI disruption and the realities of a K-shaped economy. Here’s the latest with III Capital, and.Wed, 18 Feb 2026 00:00:00 GMThttps://tnorth.com/shows/hurdle-rate/a-time-to-build/https://tnorth.com/shows/hurdle-rate/a-time-to-build/The crew is back with a wide-ranging breakdown of the week’s biggest themes. They discuss what’s happening on the ground at Bitcoin Investor Week in NYC, then dive into the ongoing debate around bull versus bear markets and whether the market has finally found a bottom. The episode wraps with a discussion of Strategy’s latest earnings call and what it signals going forward. Here’s the latest with III CapitalTue, 10 Feb 2026 00:00:00 GMThttps://tnorth.com/shows/hurdle-rate/build-the-structure/https://tnorth.com/shows/hurdle-rate/build-the-structure/The crew is back to unpack Kevin Warsh as Fed Chair, Clawdbots & Moltbook, and the pref-only model and digital risk—plus a separate discussion on Bitcoin as a term asset and what a potential supercycle could mean.Tue, 03 Feb 2026 00:00:00 GMThttps://tnorth.com/shows/hurdle-rate/preferred-equity-demand/https://tnorth.com/shows/hurdle-rate/preferred-equity-demand/The crew is back to discuss preferred equity and potential systemic risk to Bitcoin, the Strive + Semler M&A transaction being the first in Bitcoin treasuries, the IBIT Bitcoin covered call ETF, gold and silver price action, what Japan is saying to the world right now, and Bitcoin in an action-packed 2026. andWed, 28 Jan 2026 00:00:00 GMThttps://tnorth.com/shows/hurdle-rate/digital-credit-clarity/https://tnorth.com/shows/hurdle-rate/digital-credit-clarity/The crew is back to discuss Strategy's latest, credit spreads tightening, Coinbase pulling out of the clarity act and the Bitcoin treasury podcast industrial complex. andTue, 20 Jan 2026 00:00:00 GMThttps://tnorth.com/shows/hurdle-rate/the-best-message-is-digital-credit/https://tnorth.com/shows/hurdle-rate/the-best-message-is-digital-credit/The crew is back to discuss Strategy's latest Orange Buy, Saylor on What Bitcoin Did, disenchantment with the Fed, caps on credit card interest, the Strive Semler Scientific merger, and more.Tue, 13 Jan 2026 00:00:00 GMThttps://tnorth.com/shows/hurdle-rate/pensions-private-equity-digital-credit/https://tnorth.com/shows/hurdle-rate/pensions-private-equity-digital-credit/The crew is back to discuss Strategy's latest green and orange buys as it gears up for a massive 2026, a look back at 2025 and year zero of digital credit, capital allocation and pension funds, and the outlook for 2026.Tue, 06 Jan 2026 00:00:00 GMThttps://tnorth.com/shows/hurdle-rate/structurally-bullish/https://tnorth.com/shows/hurdle-rate/structurally-bullish/The crew is back to reflect on 2025, discuss The Bitcoin Era, amplification and the power of compounding, the year of Bitcoin Treasuries, and much more.Tue, 23 Dec 2025 00:00:00 GMThttps://tnorth.com/shows/hurdle-rate/set-up-for-a-supercycle/https://tnorth.com/shows/hurdle-rate/set-up-for-a-supercycle/The crew is back to discuss the latest on Bitcoin, the possibility of a decade long supercycle, the OCC approving additional bank charters, valuations, Strategy staying in the Nasdaq 100, and more.Tue, 16 Dec 2025 00:00:00 GMThttps://tnorth.com/shows/hurdle-rate/the-hurdle-rate-is-high/https://tnorth.com/shows/hurdle-rate/the-hurdle-rate-is-high/The crew is back to discuss the latest at the Bitcoin MENA conference, the progression of banks and sovereigns entering Bitcoin services and the Bitcoin accumulation race, and Bitcoin as the hurdle rate.Tue, 09 Dec 2025 00:00:00 GMThttps://tnorth.com/shows/hurdle-rate/the-incentives-are-aligned/https://tnorth.com/shows/hurdle-rate/the-incentives-are-aligned/The crew is back to discuss the latest news with Vanguard allowing Bitcoin ETFs and mutual funds on their platform, Strategy's USD Reserve, and the STRC dividend rate hike.Tue, 02 Dec 2025 00:00:00 GMThttps://tnorth.com/shows/hurdle-rate/meet-them-where-theyre-at/https://tnorth.com/shows/hurdle-rate/meet-them-where-theyre-at/Bitcoin just bounced from a violent drop to $80K as fear surged across markets — but according to the Hurdle Rate team, the real catalyst wasn’t panic selling. It was structural: MSCI reconsidering Bitcoin-heavy balance sheets, mispriced liquidation fears, leverage washouts, and sentiment misreads. Tue, 25 Nov 2025 00:00:00 GMThttps://tnorth.com/shows/hurdle-rate/inside-the-digital-credit-revolution/https://tnorth.com/shows/hurdle-rate/inside-the-digital-credit-revolution/The crew is back covering Bitcoin Amsterdam, the Cantor Crypto & AI/Energy Infrastructure Conference in Miami, volatility in the prefs, underwriting Bitcoin, and more.Tue, 18 Nov 2025 00:00:00 GMThttps://tnorth.com/shows/hurdle-rate/amplified-bitcoin-and-digital-credit/https://tnorth.com/shows/hurdle-rate/amplified-bitcoin-and-digital-credit/Bitcoin treasury companies are entering the digital credit era — using perpetual preferred equity to turn volatile Bitcoin into stable, high-yield, Bitcoin-powered credit. In this episode of The Hurdle Rate, the team breaks down the new Saya IPO, rock (return of capital) dividends, and equity-only amplification.Mon, 10 Nov 2025 00:00:00 GMThttps://tnorth.com/shows/hurdle-rate/the-preferred-strategy-is-digital-credit/https://tnorth.com/shows/hurdle-rate/the-preferred-strategy-is-digital-credit/Bitcoin treasury companies are quietly building an entirely new digital credit market on top of the strongest asset on earth: Bitcoin. In this episode of The Hurdle Rate, Matt Cole, Ben Werkman and Jeff Walton break down Strategy’s Q3 earnings, the launch of STREAM in Europe, tax-deferred return-of-Tue, 04 Nov 2025 00:00:00 GMThttps://tnorth.com/shows/hurdle-rate/credit-ratings-for-digital-capital/https://tnorth.com/shows/hurdle-rate/credit-ratings-for-digital-capital/The crew is back covering Strategy's credit rating, how this could impact the insurance industry, interest coverage ration and industry credit ratings, what it will take for Bitcoin Treasury Company credit ratings to go higher, Mike Alfred, big volumes, and more.Tue, 28 Oct 2025 00:00:00 GMThttps://tnorth.com/shows/hurdle-rate/strategic-risk-taking/https://tnorth.com/shows/hurdle-rate/strategic-risk-taking/The crew is back covering Tim's latest Bitcoin Treasuries Digital Conference, sentiment versus conviction with Bitcoin Treasury Companies, strategic risk taking, and more.Wed, 22 Oct 2025 00:00:00 GMThttps://tnorth.com/shows/hurdle-rate/the-digital-credit-landscape/https://tnorth.com/shows/hurdle-rate/the-digital-credit-landscape/A record liquidation ripped through “crypto,” but Bitcoin held the bid. We break down the stablecoin-driven exploit, cascading leverage, and why capital fled to Bitcoin—the most liquid, institutionally viable asset in digital markets. Expect higher volatility, tighter spreads later… and stronger conTue, 14 Oct 2025 00:00:00 GMThttps://tnorth.com/shows/hurdle-rate/focus-on-the-future/https://tnorth.com/shows/hurdle-rate/focus-on-the-future/Ben joins Strive as CIO, tribalism and doubt in the Bitcoin community, the fastest-growing ETF of all time, and how the corporate alternative minimum tax affects Bitcoin treasuries.Tue, 07 Oct 2025 00:00:00 GMThttps://tnorth.com/shows/hurdle-rate/bitcoin-supercycle/https://tnorth.com/shows/hurdle-rate/bitcoin-supercycle/Tim goes all-in on Bitcoin, the case for a Bitcoin supercycle, BTC versus other store-of-value assets, the UK digital ID rollout, and Strategy's first dividend day.Tue, 30 Sep 2025 00:00:00 GMThttps://tnorth.com/shows/hurdle-rate/the-ma-era-has-begun/https://tnorth.com/shows/hurdle-rate/the-ma-era-has-begun/Joe Burnett joins to discuss Strive's acquisition of Semler Scientific, the power of meeting Bitcoiners in person, behind-the-scenes from the NYC Unconference, and operating with a long-term view.Tue, 23 Sep 2025 00:00:00 GMThttps://tnorth.com/shows/hurdle-rate/the-starting-line/https://tnorth.com/shows/hurdle-rate/the-starting-line/Strive announces its Board of Directors, the anticipated Fed rate cut, the upcoming Bitcoin Treasuries Unconference in New York, and options trading on preferred securities.Tue, 16 Sep 2025 00:00:00 GMThttps://tnorth.com/shows/hurdle-rate/zoom-out-were-early/https://tnorth.com/shows/hurdle-rate/zoom-out-were-early/Pierre Rochard joins to discuss Strategy's S&P 500 exclusion, how Michael Saylor reframes the world of risk, and the evolving landscape of Strategy's ATM programs.Tue, 09 Sep 2025 00:00:00 GMThttps://tnorth.com/shows/hurdle-rate/will-travel-for-bitcoin/https://tnorth.com/shows/hurdle-rate/will-travel-for-bitcoin/Bitcoin Asia just drew 20,000 people — but adoption in Asia still lags the U.S. by years. Treasury companies like Strategy are proving that perpetual Bitcoin accumulation is the only real hedge against inflation, fiat debasement, and Fed “independence” theater. From STRC yield mechanics to corporateWed, 03 Sep 2025 00:00:00 GMThttps://tnorth.com/shows/hurdle-rate/fed-signals-and-equity-stakes/https://tnorth.com/shows/hurdle-rate/fed-signals-and-equity-stakes/Guest host Avik Roy joins for Strive's major announcement, the Fed's Jackson Hole symposium signals, Intel's relationship with the US government, and a Bitcoin Treasuries Unconference update.Tue, 26 Aug 2025 00:00:00 GMThttps://tnorth.com/shows/hurdle-rate/noise-in-the-market/https://tnorth.com/shows/hurdle-rate/noise-in-the-market/Bitcoin treasury companies trading below 1x mNAV, the gold revaluation thesis, executive compensation structures in BTC treasuries, and preferred liquidation preference mechanics.Tue, 19 Aug 2025 00:00:00 GMThttps://tnorth.com/shows/hurdle-rate/commodity-security-token/https://tnorth.com/shows/hurdle-rate/commodity-security-token/Bo Hines moves to the private sector, the viability of ETH treasury companies at scale, Tim's NYC Unconference recap, and Strategy's five-year Bitcoin anniversary.Wed, 13 Aug 2025 00:00:00 GMThttps://tnorth.com/shows/hurdle-rate/the-intelligent-leverage-trade-winter-isnt-coming-back/https://tnorth.com/shows/hurdle-rate/the-intelligent-leverage-trade-winter-isnt-coming-back/Recapping Strategy's earnings call, the ATM adjustment, Bitcoin per share metrics, why leverage ratios matter most, and whether Bitcoin treasury companies could trigger the next bear market.Tue, 05 Aug 2025 00:00:00 GMThttps://tnorth.com/shows/hurdle-rate/convert-to-ipo/https://tnorth.com/shows/hurdle-rate/convert-to-ipo/Strategy's STRC IPO, convertible notes and earnings expectations, the absence of ATM usage, a US-EU trade deal, and mNAV as a store-of-value indicator.Tue, 29 Jul 2025 00:00:00 GMThttps://tnorth.com/shows/hurdle-rate/a-huge-wave-of-capital-isnt-a-strc/https://tnorth.com/shows/hurdle-rate/a-huge-wave-of-capital-isnt-a-strc/Breaking down Strategy's new STRC preferred product, real estate versus perpetual preferred securities, whether a crypto winter could return, and Ben's path to joining Strive.Wed, 23 Jul 2025 00:00:00 GMThttps://tnorth.com/shows/hurdle-rate/transparency-is-not-priced-in/https://tnorth.com/shows/hurdle-rate/transparency-is-not-priced-in/Strategy's latest Bitcoin buy, why altcoin treasury strategies fall short, AI's impact on Bitcoin treasury companies, the mispricing of risk, and new tariffs making no dent.Mon, 14 Jul 2025 00:00:00 GMThttps://tnorth.com/shows/hurdle-rate/strategy-hits-their-strd/https://tnorth.com/shows/hurdle-rate/strategy-hits-their-strd/Jeff's big announcement, what STRD's ATM facility means for investors, how large a company should be before issuing preferred products, and Elon Musk declaring fiat hopeless.Tue, 08 Jul 2025 00:00:00 GMThttps://tnorth.com/shows/hurdle-rate/dividend-drip/https://tnorth.com/shows/hurdle-rate/dividend-drip/Strategy enters the Russell Top 200 Value Index, stock markets hit all-time highs, Metaplanet climbs to #5 on the Bitcoin Treasury leaderboard, and whether this run scares off investors.Tue, 01 Jul 2025 00:00:00 GMThttps://tnorth.com/shows/hurdle-rate/billions-in-bitcoin-treasuries/https://tnorth.com/shows/hurdle-rate/billions-in-bitcoin-treasuries/The crew covers the latest including BTC Prague, new announcements in the Bitcoin Treasuries space, the digital transformation of investor relations, and Matt Cole joining True North.Tue, 24 Jun 2025 00:00:00 GMThttps://tnorth.com/shows/hurdle-rate/the-worlds-evolving/https://tnorth.com/shows/hurdle-rate/the-worlds-evolving/The crew covers the latest including alt coins announcing Bitcoin Treasury strategies, Chanos, the US dollar, Saylor's latest buy, and more.Tue, 17 Jun 2025 00:00:00 GMThttps://tnorth.com/shows/hurdle-rate/building-for-decades/https://tnorth.com/shows/hurdle-rate/building-for-decades/The crew weighs in on American politics, describes Bitcoin Treasury Companies as tax-advantaged perpetual Bitcoin dividend drips, and walks through a 20-30% debt to equity ratio.Tue, 10 Jun 2025 00:00:00 GMThttps://tnorth.com/shows/hurdle-rate/upgrade-with-junk-grade/https://tnorth.com/shows/hurdle-rate/upgrade-with-junk-grade/Real-time analysis of Strategy's STRD announcement, the Bitcoin cycle peak question, James Wynn's leveraged trade, and what the Bitcoin interest rate should be.Tue, 03 Jun 2025 00:00:00 GMThttps://tnorth.com/shows/hurdle-rate/people-are-dancing/https://tnorth.com/shows/hurdle-rate/people-are-dancing/The crew reports in from Las Vegas with a recap from the Bitcoin 2025 conference. They cover the power of communication, getting your hands dirty with alpha and beta, reigniting creativity, and more.Fri, 30 May 2025 00:00:00 GMThttps://tnorth.com/shows/hurdle-rate/have-bitcoin-get-money/https://tnorth.com/shows/hurdle-rate/have-bitcoin-get-money/Strategy's latest major Bitcoin acquisition, Semler Scientific's board shakeup, Jamie Dimon's Bitcoin critique, the US debt downgrade, and the class action lawsuit against Strategy.Tue, 20 May 2025 00:00:00 GMThttps://tnorth.com/shows/hurdle-rate/a-movement-has-started/https://tnorth.com/shows/hurdle-rate/a-movement-has-started/Why retail investors may understand the Strategy playbook better than institutions, the case for boldness in Bitcoin treasury strategy, and the themes that will define the next phase.Tue, 13 May 2025 00:00:00 GMThttps://tnorth.com/shows/hurdle-rate/strategy-world-recap-a-revolution-ignited/https://tnorth.com/shows/hurdle-rate/strategy-world-recap-a-revolution-ignited/Live recap from Strategy World and the Bitcoin for Corporations Conference in Orlando — Strive's announcement, Saylor's AI-driven fixed income approach, and key takeaways from the crew.Thu, 08 May 2025 00:00:00 GMThttps://tnorth.com/shows/hurdle-rate/fully-torqued-bitcoin/https://tnorth.com/shows/hurdle-rate/fully-torqued-bitcoin/Deep dive on Strategy's earnings call, the 42/42 capital plan, permanent leverage without refinancing risk, and using BTC risk for credit analysis across the capital structure.Sat, 03 May 2025 00:00:00 GMThttps://tnorth.com/shows/hurdle-rate/win-or-win-more/https://tnorth.com/shows/hurdle-rate/win-or-win-more/Strategy earnings breakdown, 21 Capital's announcement, the GameStop Bitcoin treasury delay, and whether Ray Dalio is too late to the party.Tue, 29 Apr 2025 00:00:00 GMThttps://tnorth.com/shows/hurdle-rate/dxy-vs-store-of-value-assets/https://tnorth.com/shows/hurdle-rate/dxy-vs-store-of-value-assets/We're back covering the DXY, Gold versus Bitcoin, interest rates, stagflation, Strategy, Metaplanet and Bitcoin dominance. Broadcasting from California, the PNW, Michigan and New York City: This is The Hurdle Rate for the week of April 21, 2025.Wed, 23 Apr 2025 00:00:00 GMThttps://tnorth.com/shows/hurdle-rate/bitcoin-portfolio-theory/https://tnorth.com/shows/hurdle-rate/bitcoin-portfolio-theory/Monte Carlo simulations for Bitcoin portfolios, Strategy's mNAV analysis, Strive's engagement with Intuit, and the latest macro and tariff developments.Wed, 16 Apr 2025 00:00:00 GMThttps://tnorth.com/shows/hurdle-rate/negotiating-with-penguins/https://tnorth.com/shows/hurdle-rate/negotiating-with-penguins/This week we discuss deficit based tariffs, the US workforce, Universal Basic Income, volatility in the market, penguins, AI, and more.Wed, 09 Apr 2025 00:00:00 GMThttps://tnorth.com/shows/hurdle-rate/trump-tariff-armageddon/https://tnorth.com/shows/hurdle-rate/trump-tariff-armageddon/This week and cover GameStop, Metaplanet, Liberation Day and more!Wed, 02 Apr 2025 00:00:00 GMThttps://tnorth.com/shows/hurdle-rate/welcome-to-the-hurdle-rate-podcast/https://tnorth.com/shows/hurdle-rate/welcome-to-the-hurdle-rate-podcast/Dive into Bitcoin, energy, treasury management, markets, macro, AI and more. Bitcoin is the hurdle rate for capital deployment, but there is substantial depth to that statement that we endeavor to explore.Wed, 26 Mar 2025 00:00:00 GMT