True North Weekly

The flagship deep dive. Every Wednesday at 10 PM EST / 7 PM PST.

Latest: The Dividend Machine

Every Wednesday, the True North crew breaks down the week in Bitcoin treasury strategy, structured finance, digital credit instruments, and macro. From balance sheets to basis trades, this is investment-grade analysis for allocators, treasurers, and high-conviction investors.

YouTube X (Twitter) Apple Podcasts Spotify Rumble Fountain TikTok

Latest: The Dividend Machine

All Episodes (64)

64.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.

Apr 23, 2026

Apr 23, 2026 1:45:10 →

63.Calling The Shot

This week the crew covers Does STRC Have a speed limit?, Large Capital Flows, Capital Market Landscape.

Apr 14, 2026

Apr 14, 2026 1:41:22 →

62.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.

Apr 8, 2026

Apr 8, 2026 1:37:04 →

61.The Mechanics of Capital and Digital Credit

The crew breaks down the Federal Reserve's latest moves, the Sharpe Ratio and its implications for Bitcoin treasury strategy, the fundamental purpose of equity, and how capital structures are evolving in the digital credit era.

Apr 2, 2026

Apr 2, 2026 1:54:39 →

60.Beneath The Surface, A System In Motion

Bitcoin, digital credit, and capital markets collide. The crew covers STRC arbitrage, yield strategies, credit risk, AI disruption, and Bitcoin's path to institutional adoption and balance sheet dominance.

Mar 26, 2026

Mar 26, 2026 1:54:39 →

59.Waiting For The World To Catch Up

Explore how institutional flows, leverage, and digital credit are reshaping markets, driving Bitcoin demand, and setting up a massive capital reallocation with the True North team.

Mar 19, 2026

Mar 19, 2026 1:46:27 →

58.Is The Tide Turning?

A deep dive into Bitcoin’s evolving capital markets, covering digital credit, private credit risks, institutional adoption, and the financial innovations shaping the future of money, markets, and technology.

Mar 12, 2026

Mar 12, 2026 1:44:25 →

57.Signals From True North Live

True North Weekly: Signals From True North Live. Bitcoin treasury strategy analysis covering mNAV, capital structure, digital credit, and macro.

Mar 5, 2026

Mar 5, 2026 1:57:09 →

56.The Quiet Accumulation

The crew dives dive into Strategy’s capital structure, rising BTC per share, AI-driven disruption, and regulatory momentum that is brewing. Th team breaks down digital credit strength, supply math, and why this cycle may be structurally different.

Feb 19, 2026

Feb 19, 2026 1:48:37 →

55.Weathering The Storm

We break down Strategy’s capital structure, mNAV, leverage, and the emerging digital credit markets. Learn more about how institutional capital actually moves in Bitcoin an how to think about risk in this marketplace.

Feb 11, 2026

Feb 11, 2026 01:20:03 →

54.Margin Isn't Calling!

A deep dive into Bitcoin’s drawdown, macro liquidity, and why this cycle differs. We break down capital structure, leverage myths, margin-call fears, treasury concentration, short-risk asymmetry, and how convex balance sheets create explosive upside.

Feb 4, 2026

Feb 4, 2026 01:53:01 →

53.What is Credit Risk?

The group does a deep dive into Bitcoin credit risk, preferred equity, leverage, and mNAV. Covers MSTR balance sheet math, metals vs Bitcoin flows, Tether reserves, credit models, macro signals, liquidity, and risk/reward across cycles.

Jan 28, 2026

Jan 28, 2026 02:06:25 →

52.Up to Par

The crew discusses Bitcoin, digital credit, and MSTR's capital structure. Analysis on leverage, mNAV, yield curve control and macro deficits, plus Ray Dalio's gold vs Bitcoin view and why credit drives demand.

Jan 21, 2026

Jan 21, 2026 01:08:06 →

51.Bitcoin Did This

Deep into MSTR capital structure, preferred equity, mNAV, and leverage. Digital credit, the power of balance sheet compounding, risk management, and why Bitcoin-backed capital markets may reshape investing.

Jan 14, 2026

Jan 14, 2026 02:01:03 →

50.New Year, The Bottom's In

True North Episode 50 - New Year, The bottom's in Agenda: Welcome to 2026 Macro landscape Status of the preferred equity Pension funds & Insurance Companies 2026 and the horizon

Jan 7, 2026

Jan 7, 2026 02:08:42 →

49.Bear is for Building

This week the crew highlights their experience at Bitcoin MENA, status of sovereign adoption, balance sheet leverage, mNAV, digital credit, AI capital shifts, and why patient capital wins when price disconnects from value.

Dec 17, 2025

Dec 17, 2025 01:56:42 →

48.High Powered Digital Money

The crew does a deep dive into Bitcoin markets, macro signals, credit cycles, and capital structure. Breaking down trend data, EPS thresholds, leverage, mNAV, Fed policy, and why Bitcoin sits at the center of the next liquidity cycle.

Dec 10, 2025

Dec 10, 2025 01:05:31 →

47.The Capital Fortress

The crew covers the recent news on the USD reserves, preferreds, mNAV, leverage, credit markets, solvency ratios, macro stress, and why Strategy's balance sheet strengthens despite volatility.

Dec 3, 2025

Dec 3, 2025 01:28:11 →

46.And Then They Fight You

The team hosts an early call on Wednesday to address the latest digital credit and BTC treasury catalysts. Highlights include MSCI index, JP Morgan structured notes, MNAV math, capital structure engineering, and the growing shift toward institutional Bitcoin adoption and treasury allocation.

Nov 26, 2025

Nov 26, 2025 01:51:02 →

45.The Revolution of Digital Credit

True North Episode 45 - Revolution of digital credit -Blood in the streets Agenda 1 We're so back (to 88k gang) 2 Prefs 3 Underwriting Bitcoin lending vs Digital Credit 4 Macro 5 MSTR Earnings...

Nov 19, 2025

Nov 19, 2025 01:56:21 →

44.2026 the Year of Digital Credit

How Bitcoin, preferred equity, and digital credit products like $STRC and $SATA are reshaping yield, capital structure, and macro finance. Grain and the Dans walk through the latest macro deck and digital credit evolution.

Nov 12, 2025

Nov 12, 2025 01:16:53 →

43.Rate My Stock / Risk of Credit

This episode breaks down return of capital investing, credit ratings, risk underwriting, and structured yield products - framed around macro signals, mNAV, capital allocation, and long-term value.

Oct 29, 2025

Oct 29, 2025 01:58:46 →

42.Pref Analysis / Deep Dive

The crew explores Bitcoin as corporate capital, synthetic yield, and how it’s driving in ovation in the credit markets. From mNAV to macro risk models, this episode highlights the process of building a balance sheet in a market that is build in a choric climate.

Oct 22, 2025

Oct 22, 2025 01:40:49 →

41.What is Credit with special guest Adam Livingston

The crew does a deep dive into credit markets, bond risk, and capital structure with special guest Adam Livingston. Covering Strategy, Ford, disruption risk, mNAV, liquidity, and why BTC is emerging as the prime collateral asset.

Oct 8, 2025

Oct 8, 2025 02:15:28 →

40.MSTR Uptober

The group dives deep into Bitcoin investing, capital allocation, risk management, and leverage. They explore mNAV, treasury plays, macro signals, and why fixed income products are reshaping long-term portfolios.

Oct 1, 2025

Oct 1, 2025 02:10:20 →

39.Chapter 2: Full Sail Ahead

This episode kicks off with the news tied to the Strive acquisition and the push to maintain authenticity. The rest of the discussion highlights all the bews in Bitcoin Treasury space in the last 3 weeks.

Sep 24, 2025

Sep 24, 2025 02:10:14 →

38.No days off

Soleil and Dan break down Strategy's credit stack, BTC accumulation strategy, preferreds, rate risk, and AI macro themes. Topics include Strike, Strife, Stretch, MSTR mNAV, BTC vs gold, and Fed policy.

Aug 27, 2025

Aug 27, 2025 0:50:28 →

37.Navigating the Storm

A sharp look into Bitcoin-backed finance, misunderstood leverage, market shakeups, and the future of MSTR. Big money, bold moves, and a masterclass in navigating financial storms.

Aug 20, 2025

Aug 20, 2025 2:08:05 →

36.Building a Digital Empire

The True North crew dives deep into this transformational period. Segments include MSTR valuation, leverage risks, liquidation prefs, and BTC’s future as digital capital.

Aug 13, 2025

Aug 13, 2025 2:02:22 →

35.The iPhone moment

The crew talks Q2 earnings call, Bitcoin-backed investing, the creation of the BTC yield curve, AI disruption, and rising instituional adoption.

Aug 6, 2025

Aug 6, 2025 1:57:30 →

34.STRC'ing the limits

The crew unpacks the power of leverage, BTC-backed yield products, and capital market evolution being built atop the Bitcoin base layer. From earnings catalysts to collateral innovation, this episode traces the threads of MSTR's next financial chapter.

Jul 23, 2025

Jul 23, 2025 2:07:44 →

33.Inject the Bitcoin Volatility Virus

The crew discusses how MSTR is transforming corporate finance by holding permeant, digital capital on the balqnce sheet. This episode breaks down Strategy’s evolving playbook, institutional adoption, leverage, and why Bitcoin is becoming oxygen for forward-looking companies.

Jul 16, 2025

Jul 16, 2025 2:10:17 →

32.Everything's Computer... Credit

The crew does a deep dive into Strategy’s capital stack, leverage, and preferred instruments like Strike, Strife and Stride—exploring risk, credit, and how institutional capital is recognizing the tue credit worthiness of a treasury powered by Bitcoin.

Jul 9, 2025

Jul 9, 2025 1:54:27 →

31.Wall Street Digital Gold Rush

Led by Captain Solei, the crew dives deep into Bitcoin treasury strategies, convertible notes, market sentiment, and global investment dynamics from the U.S. to Japan. An all-access breakdown of how BTC-backed corporate finance is evolving across continents.

Jun 25, 2025

Jun 25, 2025 2:01:34 →

30.Power of Collateral

True North episode 30: In this episode the crew dives deep into leverage, MSTR’s balance sheet, BTC-backed yield, and market psychology—plus how treasury companies are evolving and why Bitcoin...

Jun 18, 2025

Jun 18, 2025 1:54:25 →

29.Fishing for the Fixed Income

True North episode 29: The crew does a deep dive into MSTR's leverage and the future outlook! Also included – Stride IPO insights, Bitcoin volatility, BTC yield projections, S&P 500 potential,...

Jun 11, 2025

Jun 11, 2025 2:03:59 →

28.$STRDing toward BTC Fixed Income

True North episode 28: In this episode the crew breaks down MSTR’s capital stack, Saylor's latest fixed income product creations, leverage analysis, and how digital yield products could reshape...

Jun 4, 2025

Jun 4, 2025 2:07:22 →

27.BTC Opportunity Cost EVERYWHERE

The crew dives deep into the institutional adoption of Bitcoin globally. Tune in to hear more about MetaPlanet, MSTR, Bitcoin treasuries, market sentiment, and why 2025 could be the breakout year for Bitcoin-aligned equities and cooperative finance.

May 21, 2025

May 21, 2025 2:06:37 →

26.Capital Gravity Converging & Teeth Scarcity

The crew does a deep dive into MSTR, Bitcoin leverage, $STRK, and S&P 500 dynamics. Special guest LaDoger add his perspective on the behind-the-scenes from the True North event.

May 14, 2025

May 14, 2025 2:19:45 →

25.T'was the night before earnings

True North Episode 25: The team dives into market trends, an MSTR Q1 earnings preview, and insights from the recent Bitcoin for Corporations event hosted by Bitwise.

Apr 30, 2025

Apr 30, 2025 1:31:39 →

24.The Bitcoin Orchestra

True North Episode 24: Deep dive into Strategy's securitized BTC financial products, covered calls, market cycles, and how AI and macro trends are shaping the future of Bitcoin and investing.

Apr 16, 2025

Apr 16, 2025 2:00:08 →

23.On/Off/On/Off/On/Off

Jeff Park joins the True North crew to break down market volatility, tariff impact, options market and derivatives, income products, and why Bitcoin and Strategy remain key players in today's financial landscape.

Apr 9, 2025

Apr 9, 2025 1:57:03 →

22.Liberation Day Chess

True North Episode 22: Featuring the rollout of the NEW True North website, the crew breaks down MSTR's latest BTC buys, provides details on the upcoming True North event, shares AI insights,...

Apr 2, 2025

Apr 2, 2025 2:01:02 →

21.If You Build It, They Will Come

The crew covers Bitcoin adoption catalysts, Strategy's capital structure evolution, convertible debt mechanics, GameStop's potential Bitcoin strategy, and the upcoming True North event.

Mar 26, 2025

Mar 26, 2025 2:22:01 →

20.Weeks When Decades Happen

True North Episode 20: The crew explores economic signals, government debt, Bitcoin bonds, Strike’s $21B ATM, and Strategy's evolving role in the financial landscape.

Mar 12, 2025

Mar 12, 2025 1:45:13 →

19.Volatility’s Return & Bitcoin Treasuries

True North Episode 19: The crew dives into Bitcoin’s volatility, Strategy's Bitcoin playbook, Bitcoin Investor Week takeaways, institutional adoption, political developments, market trends, and...

Mar 5, 2025

Mar 5, 2025 1:43:49 →

18.Convertibles on Deck

The crew breaks down convertible bond mechanics, MSTR's latest debt offering strategy, S&P 500 inclusion probability, and how preferred stock structures are reshaping Bitcoin corporate finance.

Feb 19, 2025

Feb 19, 2025 1:46:10 →

17.Give Me a Lever Long Enough

True North Episode 17: The crew explores Bitcoin’s role in macroeconomics, inflation, Strategy's leverage ratios, S&P 500 inclusion, market volatility, and the impact of Federal Reserve policy...

Feb 12, 2025

Feb 12, 2025 1:37:36 →

16.Strategy₿ Q4 '24 Earnings Call

The crew reflects on Strategy₿'s Q4 earnings call. Topics include the rebrand, Bitcoin strategy, leverage, and market impact. Key insights include debt management, investor sentiment, and future growth.

Feb 5, 2025

Feb 5, 2025 1:57:55 →

15.Financial Engineering 101

True North Episode 15: The crew explores MicroStrategy’s financial strategies, Bitcoin treasury management, preferred stock offering, and market trends.

Jan 29, 2025

Jan 29, 2025 2:06:59 →

14.Have Space Suit, Will Travel

True North Episode 14: The crew covers BTC adoption, market catalysts, corporate strategies, AI integration, meme coins, NFT trends, MicroStrategy’s financial maneuvers, insights on government...

Jan 22, 2025

Jan 22, 2025 2:08:08 →

13.Week of Jan 17 Expiration

The crew hits on Q4 earnings expectations, investment insights, regulatory changes, and future predictions. Highlights include the January 17 option expiration, nation-state Bitcoin reserves, vote to increase authorized share count and MicroStrategy’s growth trajectory.

Jan 16, 2025

Jan 16, 2025 1:35:38 →

12.New Year, Same Business

True North Episode 12: The True North crew explores 2025 market outlook, MicroStrategy’s evolving Bitcoin strategy, catalysts like S&P 500 inclusion, options trading insights, and the evolving...

Jan 8, 2025

Jan 8, 2025 2:26:01 →

11.Let’s Talk About Leverage

True North Episode 11: Discover insights on MicroStrategy’s leverage strategy, Bitcoin accumulation, market catalysts, QQQ index inclusion, and fair value accounting.

Dec 18, 2024

Dec 18, 2024 2:14:53 →

10.The Most Hated Rally in Finance

Explore MicroStrategy’s growth, QQQ inclusion, quantum computing’s impact, and economic insights. Dive into key catalysts, corporate adoption, NAV analysis, and ETF dynamics in this packed episode of MicroStrategy True North.

Dec 11, 2024

Dec 11, 2024 2:14:33 →

9.Financial Leverage & Bear Sightings

True North Episode 9: The crew does a deep dive into MicroStrategy’s financial leverage, Bitcoin surpassing $100K, bear classifications, community growth, and upcoming market catalysts.

Dec 4, 2024

Dec 4, 2024 2:27:39 →

8.Thanksgiving Week

True North Episode 8: The crew covers MicroStrategy’s 55K Bitcoin buy, volatility, ETF dynamics, Bitcoin dominance, and catalysts like QQQ inclusion.

Nov 25, 2024

Nov 25, 2024 1:10:29 →

7.Bitcoin, Bonds and Breakthroughs

True North Episode 7: The crew discusses the $2.6B convertible debt offering, Bitcoin adoption, profit strategies, market dynamics, valuation models, long-term investing, tax strategies,...

Nov 20, 2024

Nov 20, 2024 2:17:37 →

6.MSTR's Bold BTC Bet

True North Episode 6: The crew discusses MSTR's rapid BTC acquisitions, convertible debt, market cap growth, bold predictions for corporate and nation-state adoption, market shifts, and the...

Nov 18, 2024

Nov 18, 2024 1:35:55 →

5.Volatility is Vitality

The crew reflects on MicroStrategy's $300+ price. Additional topics include Key catalysts, market volatility, Bitcoin’s surge, Insights on ATM activity, nation-state FOMO, options strategies, and risk management.

Nov 13, 2024

Nov 13, 2024 1:58:38 →

4.MSTR & BTC Highs

True North Episode 4: The crew discusses Bitcoin's all-time high, with speculation on nation-state buying and MicroStrategy’s playbook driving market shifts.

Nov 11, 2024

Nov 11, 2024 1:48:45 →

3.Post Election Discussion

True North Episode 3: The crew covers post-election impacts, Bitcoin catalysts, Q3 earnings, ETF inclusion, macroeconomic trends, Bitcoin adoption strategies, and future projections for MSTR and...

Nov 6, 2024

Nov 6, 2024 1:32:58 →

2.Q3 Earnings in Review

The crew reviews MicroStrategy's Q3 earnings, covering record-setting performance, Bitcoin accumulation milestones, market dynamics, and key upcoming catalysts.

Oct 30, 2024

Oct 30, 2024 2:37:00 →

1.Navigating MSTR and BTC

True North Episode 1: The crew reviews MicroStrategy's rise, Bitcoin adoption, market insights, and future catalysts in this debut episode of "True North." Also includes in-depth analysis, and...

Oct 23, 2024

Oct 23, 2024 2:06:58 →

Stay on Course. Get the Signal.

Subscribe for livestream reminders, key insights, and the occasional alpha drop. Straight from True North.

No spam. Unsubscribe anytime.