One Chair Podcast

One Chair Podcast
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Your guide to the companies stacking Bitcoin. We track the corporate treasuries holding Bitcoin and explore their strategies. We bring you all the insights, stories, and numbers that are reshaping treasury management in the age of Bitcoin. Whether you’re an investor, Bitcoiner, or finance pro, stay informed on who’s buying, holding, and leading Bitcoin adoption at the highest levels.

  1. 1d ago

    MSTR Earnings Call: The New Playbook Every Investor Should Understand

    Strategy's latest Q2 earnings call may have revealed one of the biggest shifts in the company's history. In this episode of the One Chair Podcast, we break down the most important announcements from Michael Saylor and the Strategy management team, including the evolution of the $3.75 billion USD reserve, the future of STRC, the company's changing Bitcoin treasury strategy, and why Strategy is becoming much more than simply a Bitcoin holding company. We discuss: • Why Strategy increased its USD reserve to $3.75B • The real plan to bring STRC back to par • Why Strategy won't raise the STRC dividend above 12% • Michael Saylor's promise to never issue STRC below $100 • Strategy's record-breaking access to capital markets• The shift from "Never Sell Bitcoin" to active treasury management • How Strategy accumulated more Bitcoin during a bear market • Whether STRC can recover back to $100 • Why Strategy is now marketing to traditional finance instead of Bitcoiners • What all of this means for MSTR investors and the future of Bitcoin treasury companies If you're interested in Strategy (MSTR), STRC, Bitcoin treasury companies, Digital Credit, or Michael Saylor's long-term vision, this episode provides an in-depth analysis of one of the most important earnings calls of the year. 00:00 Strategy Q2 Earnings: Biggest Takeaways 02:32 Why Strategy's $3.75B USD Reserve Changes Everything 08:49 Will Strategy Raise the STRC Dividend Again? 12:45 The Shocking Amount of Capital Strategy Raised 15:33 Strategy's Biggest Strategic Shift Since Buying Bitcoin 18:01 Did Strategy Learn From Its Biggest Mistake? 20:25 How Strategy Bought More Bitcoin During a Bear Market 23:08 Who Is Strategy REALLY Marketing To? 25:58 Final Thoughts: Is Strategy Stronger Than Ever? Big thanks to Little Bubble for allowing us to use his song: "One Chair": https://open.spotify.com/track/0XW7JgR2Nlg7WXGOeVT64h?si=a344b82984f74f81 DISCLAIMER: This is not is financial advice. This podcast is for educational and entertainment purposes only. Thank you for listening! Follow us on: - X: https://x.com/OneChairPod - Youtube: https://www.youtube.com/@OneChairPod Referral links: - Roxom: https://roxom.com/auth/signup?referral=a7m4wx

  2. 6d ago

    MSTR Built a Bitcoin Empire—Now the Market Wants Proof

    In this episode of the One Chair Podcast, we sit down with Halston Valencia (Bitcoin Well, BitcoinQuant & The Daily Stack) to discuss the biggest developments shaping the Bitcoin ecosystem. Why did Jack Mallers step down from XXI Capital? Can Strategy (MSTR) and Strive keep leading the Bitcoin treasury revolution? Will most Bitcoin Treasury Companies survive, or is the market heading for a major shakeout? We also dive into: ⚡ Why Halston believes most Bitcoin treasury companies will fail ⚡ Jack Mallers leaving XXI Capital and what it means for Bitcoin ⚡ Strategy's Bitcoin sales, STRC, SATA and the future of Digital Credit ⚡ Why Proof of Reserves could become essential for Bitcoin treasury companies ⚡ Bitcoin Maximalists vs Wall Street: Can both coexist? ⚡ Is Bitcoin culture changing or simply evolving? ⚡ Why Halston still believes Bitcoin in cold storage is the ultimate investment ⚡ The future of Bitcoin Quant and Bitcoin treasury analytics Whether you're following Strategy (MSTR), Michael Saylor, Bitcoin treasury companies, Bitcoin investing, or the future of Digital Credit, this conversation is packed with insights and thoughtful discussion. Follow our Guest: - Halston Valencia: https://x.com/halstonvalencia - BitcoinQuant on X: https://x.com/bitcoinquant_ - BitcoinQuant: https://bitcoinquant.co/ - Bitcoin Well on X: https://x.com/bitcoinwell - Bitcoin Well: https://bitcoinwell.com/ - The Daily Stack on X: https://x.com/dailystackhq 00:00 The Story Behind BitcoinQuant's Massive Pivot 06:42 Jack Mallers Leaving XXI Capital Wasn't a Surprise 11:59 Orange Juice Could Change Bitcoin Treasuries Forever 14:08 Why Most Bitcoin Treasury Companies Will Fail 17:26 Has Strategy's Bitcoin Playbook Changed? 21:47 STRC, SATA or Bitcoin? Halston's Portfolio Answer 24:27 Why She Isn't Buying AI Stocks 27:37 Bitcoin Maxis vs Suitcoiners: Who's Right? 30:19 The Real Reason Bitcoin Is in a Bear Market 33:15 Is Bitcoin Losing Its Culture? 35:55 Are Bitcoin Treasury Companies Creating Paper Bitcoin? 41:40 Should Corporations Influence Bitcoin Development? 45:05 "Stack Sats" Isn't Enough Anymore 47:28 Final Thoughts & Where to Find Halston Big thanks to Little Bubble for allowing us to use his song: "One Chair": https://open.spotify.com/track/0XW7JgR2Nlg7WXGOeVT64h?si=a344b82984f74f81 DISCLAIMER: This is not is financial advice. This podcast is for educational and entertainment purposes only. Thank you for listening! Follow us on: - X: https://x.com/OneChairPod - Youtube: https://www.youtube.com/@OneChairPod Referral links: - Roxom: https://roxom.com/auth/signup?referral=a7m4wx

  3. Jul 16

    Is MSTR Missing Its Biggest Opportunity?

    In this episode, Adrian Morris returns to discuss one of the biggest questions facing MSTR (Strategy) and every Bitcoin treasury company: Can a pure Bitcoin strategy survive long term? Adrian shares several contrarian views on Bitcoin treasury companies, Strategy's capital structure, STRC and SATA preferred shares, and why he believes the market is pricing these companies differently than most investors realize. We also dive into whether Strategy is missing its biggest opportunity by focusing solely on Bitcoin instead of expanding its AI and business intelligence (BI) operations. In this interview: - Why Adrian believes Bitcoin treasury companies must evolve - Can Strategy's Bitcoin-only model work long term? - Why STRC and SATA behave like Bitcoin derivatives - The future of Bitcoin treasury companies - Will Strategy ever join the S&P 500? - Why credit ratings may not matter as much as investors think - Could NVIDIA, Apple, or other tech giants ever buy Bitcoin? - Why AI isn't rotating into Bitcoin (yet) - Metaplanet vs Strategy: Which model has the better future? - The next major catalyst for Bitcoin adoption Whether you're invested in MSTR, Bitcoin, Metaplanet, STRC, SATA, or the broader Bitcoin treasury company ecosystem, this conversation offers a unique perspective on where the market could be heading. Follow our guest: - Adrian Morris on X: https://x.com/_Adrian - True North on X: https://x.com/TNorth - True North on Youtube: https://www.youtube.com/@BTCTrueNorth 00:00 Adrian Morris Returns: Why Everyone Is Wrong About Bitcoin Treasury Stocks 03:30 Why AI Money Isn't Rotating Into Bitcoin Anytime Soon 05:20 What's the NEXT Catalyst for Bitcoin? (Not What You Think) 07:52 What Happens If NVIDIA Starts Buying Bitcoin? 11:55 Should Apple Replace Stock Buybacks With Bitcoin? 13:52 Strategy's Emergency 5-Point Plan Explained 18:09 Credit Ratings Are Missing the Real Problem 23:07 Will STRC & SATA Ever Become Stable? 28:33 Will Leverage Return? "Degens Are Gonna Degen" 29:46 The Hidden Volatility Nobody Sees in STRC 33:20 Strategy's Secret Growth Opportunity: AI & M&A 38:02 Could Strategy Become a Double Threat? (Bitcoin + AI) 42:13 Why Strategy Must Evolve Beyond Bitcoin 46:27 Is Strategy Still a Pure Bitcoin Company? 51:09 The Future of Bitcoin Treasury Companies (5-10 Year Outlook) 54:29 Why Metaplanet Might Be Ahead of Everyone Else 57:28 Is Strategy TOO Transparent? 01:00:56 Final Bitcoin Outlook: Ignore the Noise Big thanks to Little Bubble for allowing us to use his song: "One Chair": https://open.spotify.com/track/0XW7JgR2Nlg7WXGOeVT64h?si=a344b82984f74f81DISCLAIMER: This is not is financial advice. This podcast is for educational and entertainment purposes only. Thank you for listening! Follow us on: - X: https://x.com/OneChairPod -Youtube: https://www.youtube.com/@OneChairPod Referral links: - Roxom: https://roxom.com/auth/signup?referral=a7m4wx

  4. Jul 14

    MSTR Is Getting Safer — But Is It Losing Its Bitcoin Edge?

    Strategy has built a $3 billion cash reserve to strengthen its preferred securities. But does becoming safer come at the cost of what made MSTR unique in the first place? In this episode of the One Chair Podcast, we sit down with Jody Flournoy, co-founder of 21 Rates and co-host of Daily Stack, to discuss Strategy's evolving capital structure, the trade-off between safety and Bitcoin amplification, why the market reacted negatively, and whether Bitcoin treasury companies still offer a compelling advantage over simply owning Bitcoin. We also explore Bitcoin treasury companies, custody risk, proof of reserves, AI investing, and how Jody thinks about portfolio construction in the age of Bitcoin and artificial intelligence. In this episode: • Why Strategy built a $3 billion cash reserve • Does more safety reduce Bitcoin per share growth? • Is MSTR still better than simply owning Bitcoin? • The market's reaction to Strategy's latest move • Custody risk and proof of reserves • Bitcoin treasury companies vs self-custody • Strategy, Strive, Metaplanet and the future of digital credit • Why Jody remains bullish despite recent changes • AI, Bitcoin and where capital may flow next • Building an investment framework with AI Follow Jody Flournoy: X: https://x.com/JodyFlournoy Daily Stack: https://x.com/DailyStackHQ 21 Rates: https://21rates.com Timestamps: 00:00 Jody's Bitcoin Story: Buying BTC in 2017 & Never Selling 06:07 How Bitcoin Treasury Companies Changed Everything 08:59 Is Strategy (MSTR) Good or Bad for Bitcoin? 12:53 Could Strategy Ever Dump 850,000 Bitcoin? 15:06 The Biggest Risk for Bitcoin Treasuries: Custody & Governance 19:45 Proof of Reserves vs Traditional Custody: What Investors Need to Know 22:10 Could Governments Confiscate Bitcoin Treasury Holdings? 27:40 Why MSTR Stock Fell While Bitcoin Stayed Flat 32:46 Should You Buy Bitcoin or Bitcoin Treasury Stocks? 36:50 The AI Trade: Where Smart Money Is Moving Now 42:53 Will Money Rotate From AI Back Into Bitcoin? 47:29 Which Bitcoin Treasury CEO Impressed Jody the Most? 52:08 Using AI to Build a Better Bitcoin Investment Strategy 56:02 Why Every Bitcoiner Needs a Small "Trading Bag" 57:04 Why Self-Custody Helps You Avoid Emotional Trading 57:34 Where to Follow Jody Flournoy & The Daily Stack Big thanks to Little Bubble for allowing us to use his song, “One Chair”: https://open.spotify.com/track/0XW7JgR2Nlg7WXGOeVT64h?si=hWtodY-kQPuZvJZwCAEVUw DISCLAIMER: This is not financial advice. This podcast is for educational and entertainment purposes only. Thank you for listening! Follow us on X: https://x.com/OneChairPod YouTube: https://www.youtube.com/@OneChairPod Referral links: Roxom: https://roxom.com/auth/signup?referral=a7m4wx

  5. Jul 10

    MSTR’s $300 Trillion Bitcoin Playbook Is Coming to Europe

    Capital B is preparing to bring the Strategy playbook to Europe, with plans to expand its Bitcoin balance sheet and build a new generation of Bitcoin-backed credit products. In this episode, Alexandre Laizet joins us to explain Capital B’s long-term strategy, its new capital-raising capacity, and why perpetual credit could become the most efficient way for Bitcoin treasury companies to accumulate Bitcoin at scale. We discuss how Capital B plans to increase Bitcoin per share, why it has avoided fiat leverage so far, and what Europe can learn from Strategy and Strive. Alexandre also breaks down the recent stress test for STRC and SATA, why seniority and cash reserves matter, and whether Bitcoin credit can be successfully replicated in European capital markets. He shares his outlook on institutional adoption, the hidden positioning taking place ahead of the next bull market, and why Bitcoin could eventually reach $600,000 and beyond. Whether you’re following Capital B, Strategy (MSTR), Bitcoin treasury companies, STRC, SATA, or the emerging market for Bitcoin-backed credit, this conversation provides a detailed look at where the industry may be heading next. Topics covered: Capital B’s new capital-raising capacityWhy Capital B wants to replicate the Strategy playbook in EuropeThe $300 trillion global credit-market opportunityHow perpetual Bitcoin credit could increase Bitcoin per shareWhy Capital B currently has no fiat leverage on its Bitcoin treasuryWhat STRC and SATA revealed during the recent market stress testWhy seniority, investor protections, and cash reserves matterWhether Bitcoin-backed credit can work in EuropeWhy France could become a hub for European financial innovationShould Bitcoin treasury companies hold STRC as an operational reserve?How the Iran conflict affected Capital B’s Abu Dhabi operationsWhy institutional Bitcoin adoption is happening silentlyHow Bitcoin credit could create demand equivalent to two or three halvingsWhy institutions may already be positioning for the next Bitcoin bull marketAlexandre’s path from $60,000 Bitcoin to $600,000 and beyondWhy Bitcoin may be the safest way to gain exposure to the AI boomCapital B’s ambition to build Europe’s largest Bitcoin balance sheet Follow Alexandre Laizet: X: https://x.com/AlexandreLaizet LinkedIn: https://www.linkedin.com/in/alexandre-laizet/ Capital B: https://cptlb.com/ YouTube: https://www.youtube.com/@ALCPB 00:00 Prague Takeaways: The Growing Divide in Bitcoin 04:35 Capital B's €100B Credit Strategy Explained 12:42 How Close Is Capital B to Launching Digital Credit? 13:52 Why Bitcoin-Backed Credit Could Transform Finance 20:57 Bitcoin Convertible Notes vs Perpetual Digital Credit 26:53 Lessons from Strategy & Strive's Digital Credit Products 31:55 What STRC, STRF & SATA Taught the Market 38:15 Can Europe Replicate America's Bitcoin Credit Boom? 41:10 Why Bitcoin Treasury Companies Still Prefer Bitcoin 46:03 Capital B's Cash & Bitcoin Reserve Strategy 52:13 Bitcoin Market Outlook: Are Sellers Finally Exhausted? 57:29 Bitcoin to $300K? Alexandre's Bull Case 01:01:51 Where to Follow Alexandre & Learn More Big thanks to Little Bubble for allowing us to use his song, “One Chair”: https://open.spotify.com/track/0XW7JgR2Nlg7WXGOeVT64h?si=hWtodY-kQPuZvJZwCAEVUw DISCLAIMER: This is not financial advice. This podcast is for educational and entertainment purposes only. Thank you for listening! Follow us on X: https://x.com/OneChairPod YouTube: https://www.youtube.com/@OneChairPod Referral links: Roxom: https://roxom.com/auth/signup?referral=a7m4wx

  6. Jul 7

    MSTR Sold 3,588 BTC — Then Bitcoin Went Up

    Strategy just sold 3,588 Bitcoin, Bitcoin treasury stocks are under pressure, and a new battle is unfolding between corporate Bitcoin adoption and hedge funds.In this episode, Richard Byworth joins us to break down Strategy's latest Bitcoin sale, why the market reacted positively, and how Bitcoin treasury companies are evolving. We discuss Michael Saylor's capital markets playbook, why defending a 1.0 mNAV matters, and how companies like Strategy, Metaplanet, and XCE Connecting Excellence are reshaping corporate finance. Richard also shares his views on digital credit, Switzerland's Bitcoin treasury landscape, nation-state Bitcoin adoption, and why he believes the next phase of Bitcoin adoption will be driven by capital markets rather than retail investors. Whether you're following Strategy (MSTR), Metapanet, Bitcoin treasury companies, or the future of Bitcoin-backed financial products, this conversation is packed with insights you won't hear anywhere else. Topics covered: - Why Strategy sold 3,588 BTC and why the market liked it - Michael Saylor's evolving Bitcoin treasury strategy - Why defending a 1.0 mNAV matters - How hedge funds attack Bitcoin treasury companies - Strategy's new capital allocation framework - Metaplanet and the next generation of Bitcoin treasury companies - Why Switzerland is falling behind on Bitcoin treasury adoption - Digital credit and the future of Bitcoin-backed financial products - Nation-state Bitcoin adoption and sovereign Bitcoin reserves - Richard Byworth's outlook on Bitcoin's next major move Follow Richard Byworth: - X: https://x.com/RichardByworth - BYZ Partners: https://byzpartners.com/ 00:00 Richard's Bitcoin Journey: From Gold Bug to Bitcoin Maximalist 05:44 Why Sapiens Orange-Pilled Richard (Unexpected Origin Story) 07:00 How Michael Saylor Created the Bitcoin Treasury Revolution 10:37 Understanding Convertible Bonds (Why Most Investors Miss This) 12:43 Strategy SOLD 3,588 BTC... Why the Market Loved It 16:47 Why Bitcoin Treasury Stocks Are So Hard to Value 18:14 Did Strategy Sell Bitcoin to Improve Its Credit Rating? 19:22 Why Every Bitcoin Treasury Should Defend a 1.0 mNAV 25:10 Are Traders Manipulating STRC & SATA? 27:44 Strategy's New Playbook: Less Transparency on Purpose? 29:24 Best Bitcoin Treasury Stocks Outside Strategy 35:39 Why Switzerland Rejected a Bitcoin Treasury Listing 39:01 When Will Digital Credit Come to Europe? 41:27 Richard's New Bitcoin Hedge Fund Explained 45:52 Nation States Are Quietly Preparing for Bitcoin 50:00 Is Bitcoin's Bottom Already In? Richard's Market Outlook 50:59 The Return of Richard's Podcast & Where to Follow Him Big thanks to Little Bubble for allowing us to use his song: "One Chair": https://open.spotify.com/track/0XW7JgR2Nlg7WXGOeVT64h?si=a344b82984f74f81 DISCLAIMER: This is not financial advice. This podcast is for educational and entertainment purposes only. Thank you for listening! Follow us on: - X: https://x.com/OneChairPod - Youtube: https://www.youtube.com/@OneChairPod Referral links: - Roxom: https://roxom.com/auth/signup?referral=a7m4wx

  7. Jul 2

    Metaplanet Panic Has Peaked — Japan’s Bitcoin Trade Is Just Starting

    Metaplanet is getting crushed, Strategy (MSTR) is under pressure, and Bitcoin treasury stocks are being stress-tested in real time. In this episode, Peter Duan joins us to break down what’s really happening across Bitcoin treasury companies, why Metaplanet may have a unique advantage in Japan, and how Strategy’s preferred shares like STRC and STRF are changing the market narrative. We discuss Michael Saylor, MSTR, Metaplanet, Bitcoin preferred shares, hedge funds, investor communication, Japan’s low interest rate environment, and whether the current panic could mark the beginning of a much bigger Bitcoin treasury trade. Topics covered: - Why Metaplanet's recent selloff may be creating opportunity - Strategy (MSTR) and the future of Bitcoin treasury companies - Michael Saylor's communication strategy - STRC, STRF, and Bitcoin preferred shares explained - Why hedge funds are targeting Bitcoin treasury products - Japan's unique advantage for Bitcoin treasury companies - Institutional adoption of Bitcoin - How Bitcoin treasury companies survive bear markets - Investor communication and corporate strategy - The future of Bitcoin-backed financial products Follow Peter Duan: - X: https://x.com/BTCBULLRIDER 00:00 Introduction to Peter Duan and Bitcoin Journey 03:28 Discovering Strategy (MSTR) & Bitcoin Treasury Companies 04:24 Why Peter Created Bull Standard 06:50 Did Anyone Expect Bitcoin Treasury Stocks to Crash This Hard? 09:26 Is Strategy (MSTR) Failing Its Investors? 12:59 The Biggest Communication Mistake Michael Saylor Made 15:37 Why Strategy Should Stop Making Changes 18:10 What Strategy MUST Do Next 20:02 Why Metaplanet Could Be the Biggest Winner 25:06 The Secret Advantage Only Metaplanet Has 27:17 Could Metaplanet Finance U.S. Bitcoin Treasury Companies? 30:16 Are Hedge Funds Crushing STRC, STRF & Bitcoin Preferreds? 36:11 Why Bitcoin Preferred Shares Could Stay Volatile 38:00 Should Strategy Sell Bitcoin to Save Preferred Shares? 43:02 The Most Underrated Bitcoin Treasury Companies 45:22 Why Smarter Web Is Winning the Communication Game 47:38 What's Wrong With Bitcoin Twitter Right Now? 48:26 The Massive Opportunity Nobody Is Talking About Big thanks to Little Bubble for allowing us to use his song: "One Chair": https://open.spotify.com/track/0XW7JgR2Nlg7WXGOeVT64h?si=a344b82984f74f81 DISCLAIMER: This is not financial advice. This podcast is for educational and entertainment purposes only. Thank you for listening! Follow us on: - X: https://x.com/OneChairPod - Youtube: https://www.youtube.com/@OneChairPod Referral links: - Roxom: https://roxom.com/auth/signup?referral=a7m4wx

  8. Jun 29

    MSTR Liquidation Panic Is Back — But the Math Says No

    Strategy (MSTR) has announced major updates that could significantly impact both common shareholders and preferred investors. In this episode, we break down the company's new USD Reserve Policy, STRC dividend changes, Bitcoin monetization program, and share repurchase plans, and explain what these decisions mean for Strategy's future. We also discuss whether the recent market panic is justified, why many investors misunderstand Strategy's balance sheet, and whether fears of liquidation have any basis in reality.In this video: ✅ Strategy's new $2.55B USD Reserve Policy ✅ Why STRC's dividend increased to 12% ✅ The new Bitcoin monetization program explained ✅ Preferred share & MSTR stock buyback authorization ✅ Did Strategy make a costly mistake? ✅ Is MSTR really at risk of liquidation? ✅ Bitcoin ETF outflows and current market sentiment ✅ What happens next for Strategy and Bitcoin investors 00:00 Overview: Everything Strategy just changed 03:16 New USD Reserve Policy explained 05:38 Why rebuilding the reserve matters 09:11 STRC dividend policy changes 12:54 Preferred share & MSTR buyback program 14:34 Bitcoin monetization: Why Strategy may sell BTC 16:15 Debunking the biggest MSTR misconceptions 19:57 Bitcoin, ETF outflows & what's next Big thanks to Little Bubble for allowing us to use his song: "One Chair": https://open.spotify.com/track/0XW7JgR2Nlg7WXGOeVT64h?si=a344b82984f74f81 DISCLAIMER: This is not is financial advice. This podcast is for educational and entertainment purposes only. Thank you for listening! Follow us on: - X: https://x.com/OneChairPod - Youtube: https://www.youtube.com/@OneChairPod Referral links: - Roxom: https://roxom.com/auth/signup?referral=a7m4wx

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About

Your guide to the companies stacking Bitcoin. We track the corporate treasuries holding Bitcoin and explore their strategies. We bring you all the insights, stories, and numbers that are reshaping treasury management in the age of Bitcoin. Whether you’re an investor, Bitcoiner, or finance pro, stay informed on who’s buying, holding, and leading Bitcoin adoption at the highest levels.

Information

  • Creator
    One Chair Podcast
  • Years Active
    2025 - 2026
  • Episodes
    99
  • Rating
    Clean
  • Copyright
    © One Chair Podcast
  • Show Website
    One Chair Podcast

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