The Berkshires of Bitcoin | True North Podcast | Ep. 80
Featuring
@PunterJeff,
@IIICapital, and
@AdamBLiv.
Timestamps:
00:00 Intro
03:27 Episode Overview: Market close, balance sheets, Berkshire, derivatives
05:47 Meet the Crew: Adam Livingston joins Strive
11:29 Strategy
$MSTR Balance Sheet:
$BTC holdings, cash, converts,
$STRC buybacks
15:23 Strive Balance Sheet:
$ASST $SATA, dividend coverage, warrants, amplification
26:13 Risk Management and Volatility: Four-year cycle, drawdowns, credit flows
29:09 Traditional Credit vs. Digital Credit: Probability of outcomes, tail risk
40:35 Berkshire Hathaway Parallels: Capital, insurance float, risk taking
51:39 Strategy vs. Berkshire: Float growth, digital credit engine
58:55 Derivatives Market: ASST warrants, options open interest
1:04:26 MSTR and
$IBIT Options: Open interest, hedging, liquidity
1:08:02 STRC Options Market: Puts, strikes, yield enhancement
1:15:01 Final Thoughts