Dan Hillery and Mason Foard break down Strategy’s move to daily dividends across its preferreds, the record date mechanics and one-time arbitrage heading into the switch, and the terms and cost of capital behind Strive’s new SATS offering. From there, they cover digital credit as high-powered money, funds built on top of preferreds, AI disruption and why Bitcoin is the moat, the growth roadmap for digital credit, Strategy’s cash reserve and STRC buybacks, and how companies should manage amplification through the cycle.
Market Snapshot
As of 0/28/26:
- Open: $139.57 | Close: $145.16
- Volume: ~11.7M shares
- mNAV: ~1.10 | Market Cap: ~$58.4B
- BTC Holdings: 848,517
In This Episode
- 00:03:54 — Daily Dividends Come To Strategy
- 00:11:36 — Strive’s New SATS Offering
- 00:22:48 — Digital Credit As High Powered Money
- 00:27:51 — AI Disruption And The Bitcoin Moat
- 00:36:26 — Digital Credit’s Growth Roadmap
- 00:45:05 — Cash Reserve And STRC Buybacks
- 00:53:14 — Managing Amplification
- 01:01:15 — Final Thoughts