The Bitcoin Treasuries Podcast with Tim Kotzman Bitcoin Treasury Companies: The New Class in Finance with Michael Saylor, Brian Dixon, and Mark Moss
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Oct 5, 2025 
Join Michael Saylor, Founder of MicroStrategy and a staunch advocate for Bitcoin treasuries; Brian Dixon, CEO of Off the Chain Capital focusing on Bitcoin strategies; and Mark Moss, Chief Bitcoin Strategist at Satsuma, as they explore the future of finance. They delve into how Bitcoin is transforming financial institutions, the importance of treasury companies, and the evolution of credit products. Discussions include digital ownership and the role of AI agents in future markets. Discover how this new class of finance could redefine investment strategies!
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What A Treasury Company Is
- A treasury company is a new corporate type that issues securities backed by digital commodities like Bitcoin.
- It exists because the Investment Company Act historically prevented public companies from leveraging securities portfolios until digital commodities emerged.
Digital Commodities Enable New Finance
- Bitcoin and other digital commodities enable entirely new financial institutions and products because they are high-performing, digitized capital.
- This performance creates room to leverage and build treasury companies, insurance, credit, and custody solutions on a Bitcoin standard.
Protocol Ownership Changes Investing
- Owning protocol-layer Bitcoin flips the historic internet investing model where value accreted at the application layer.
- Treasury companies merge protocol ownership with financial applications, creating a new bridging institution.