The crew discusses why digital credit is still so misunderstood, starting with takeaways from the Bitcoin Treasuries Conference and how SATA and STRC work as dry powder that keeps earning while you wait. The crew covers SATA passing STRF in notional outstanding, the fastest horse debate, and why amplification matters more than a 1% difference in cost of capital. From there, they compare Tesla’s multiple to mNAV, look at AI disruption and goodwill at Adobe, and close with a breakdown of the ASST options chain and LEAPS heading into warrant week.
Market Snapshot
As of 0/7/26:
- Open: $157.82 | Close: $153.37
- Volume: ~21.3M shares
- mNAV: ~1.13 | Market Cap: ~$50.7B
- BTC Holdings: 848,000
In This Episode
- 00:05:18 — Bitcoin Treasuries Conference Takeaways
- 00:11:21 — Digital Credit as Dry Powder
- 00:16:03 — SATA Passes STRF
- 00:19:15 — The Fastest Horse Debate
- 00:25:26 — Why Amplification Matters
- 00:38:45 — Tesla, Mag 7, and mNAV
- 00:42:38 — AI Disruption and Goodwill
- 00:46:50 — ASST Options and LEAPS
- 00:57:48 — Final Thoughts