Join Spencer Nichols, producer of the Bitcoin for Corporations Show, as he delves into the evolving intersection of Bitcoin and corporate finance. They dissect Strategy's Q2 earnings, revealing how new accounting practices could reshape corporate treasuries. Topics include the impact of Bitcoin as collateral, strategic investor relations, and the risks of altcoin models compared to Bitcoin. Nichols also highlights innovative financial instruments and how they might influence market dynamics and investor trust in the years to come.
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insights INSIGHT
Accounting Change Makes Bitcoin Visible
FASB now allows mark-to-market unrealized gains for liquid assets like Bitcoin so earnings reflect true economic value.
Pierre argues this improves comparability and removes a board-level excuse to avoid Bitcoin on corporate balance sheets.
volunteer_activism ADVICE
Staff A Bitcoin Champion
Hire a Bitcoin strategist to educate employees, management, and the board about technical and economic risks and opportunities.
Design capital-structure products that are resilient to volatility and aligned with Bitcoin's long-term returns.
insights INSIGHT
Rebuilding A Yield Curve Around Bitcoin
Strategy is building a BTC-denominated yield curve with perpetual preferreds spanning short to very long durations.
Saylor envisions products that stretch in duration as credit improves and Bitcoin appreciates, creating a new fixed-income market.
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In this episode of the Bitcoin for Corporations Show, Pierre Rochard and Spencer Nichols unpack Strategy’s Q2 earnings: FASB’s mark-to-market EPS, perpetual preferreds (“stretch/stride/strike/strife”), ATM/MAV guidance, and the idea that Strategy could scale from ~4% to ~8% of outstanding bitcoin. They also dig into bitcoin-as-collateral, reflexivity, and treasury risk management.🔶 Connect with Pierre Rochard on X: https://x.com/BitcoinPierre🔶 Connect with Spencer Nichols on X: https://x.com/DeSpencer_00:00 - Introduction and Context of the Episode01:09 - Significance of Strategy's Earnings Call and Bitcoin Accounting Changes05:59 - Importance of Investor Relations in Bitcoin Treasury Companies10:54 - Capital Flow and Bitcoin Treasury Market Dynamics11:22 - Overview of Strategy's Yield Curve and Credit Instruments14:53 - Comparison of Strategy's Model to Central Banking and Commercial Banking19:50 - Market Reception and Scale of Strategy's Offerings24:34 - Distribution Channels and Challenges for Bitcoin Treasury Products28:32 - Marketing and Trust in Bitcoin Treasury Securities30:11 - Macro Perspective on Strategy's Role and Bitcoin Treasury Competition35:47 - Potential Macroeconomic Impact and Competition with Traditional Credit Markets40:14 - Risks of Altcoin Treasury Models Compared to Bitcoin41:50 - Risk Pricing and Market Perception of Bitcoin and Other Collateral45:36 - Discussion on Bitcoin's Drawdown Risk and Capital Structure Resilience45:36 - Final Thoughts on Earnings Per Share, S&P 500 Inclusion, and Future OutlookDISCLAIMER: The views and opinions expressed in this show are those of the participants and do not necessarily reflect the official policy or position of BTC Inc., Bitcoin Magazine, Bitcoin for Corporations, or any affiliated entities. This content is provided for informational and educational purposes only and should not be construed as investment, legal, tax, or accounting advice. Nothing contained in this show constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or financial instruments. Viewers should consult their own advisors before making financial or business decisions.#MSTR #CorporateBitcoin #Strategy #PerpetualPreferred #YieldCurve #InvestorRelations #FASB #EPS #ATM #MAV #SNP500 #BitcoinCollateral #BTCStrategy #MoonMath #MicroStrategy #StrategyEarnings #bitcoinmagazine #bitcoin #bitcoinforcorporations
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