Once Bitten! A Bitcoin Podcast. Exploring Bitcoin Treasury Companies, Loans and Fanfares! #576
Nov 20, 2025
Join Simon (ShortFiat), Founder of Fanfares.io and a seasoned software developer, as he dives deep into Bitcoin treasury companies and Bitcoin-backed loan products. He discusses the risks and rewards of these financial structures and their implications for ownership. Simon also introduces Fanfares, a NOSTR-native project designed to enhance digital content monetization through direct creator-audience transactions. Discover how leveraging Bitcoin could reshape funding models and create a more equitable digital media ecosystem.
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Episode notes
Prefer Self-Custody Over Treasury Shares
- Do self-custody your Bitcoin rather than rely on treasury companies to hold it for you.
- Learn custody properly because shares or funds only give you a claim, not true ownership.
Premiums Create Arbitrage And Risk
- Bitcoin treasury companies can trade at a premium, enabling founders and issuers to profit by selling shares.
- That premium is market-driven and can evaporate, leaving late retail buyers as exit liquidity.
Scrutinize Prospectuses For Backdoors
- Read prospectuses and S-1/admission documents before buying into listed ‘treasury’ companies.
- Search key terms like “Bitcoin” and “digital assets” to spot legal backdoors and ambiguous definitions.
