Ed and Tim from Bitcoin Treasuries break down the corporate bitcoin strategy space, MicroStrategy's dominance, valuation challenges, and what's next for treasury companies in this volatile market.
Ed and Tim from Bitcoin Treasuries join us to talk about the explosive growth of bitcoin treasury companies, why traditional metrics don't work anymore, MicroStrategy's continued outperformance versus the Mag 7, mining companies losing narrative appeal, and their upcoming September 17th Bitcoin Treasuries Unconference in NYC.
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**Notes:**
• MSTR outperformed Mag 7 every day for a year
• Traditional PE ratios don't work for BTC cos
• MicroStrategy: $500M revenue, $75M profit
• Fixed income markets worth $4 trillion
• Many treasury cos trade below NAV
• Bitcoin gains counted as revenue now
Timestamps
00:00 Start
01:17 Conference & podcast
03:01 MSTR price lag
05:20 Market outlook
06:55 Why BTC treasury companies?
09:30 Comparing companies
15:03 Bearish BTC miners?
18:34 Future of treasury companies
22:20 Winner take most or all?
23:27 Attracting capital
26:23 Bitmex Report
28:56 Conference highlights
32:55 Wrap up
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