We’re not traders. We don’t speculate or try to time the market. We don’t do technical analysis or draw lines on charts.
bitcoin:native is going up forever. There’s only one @Strategy. Buy and hodl.
Give Them MORE.
Welcome back to The Bitcoin Treasuries Podcast.
Powered by @quantifyfunds and @cakewallet.
Today's guest is @asjwebley.
We discuss The Smarter Web Company's new preferred equity offering, the company's updated capital structure, best practices for the ATM, management compensation, and much more.
Here's my conversation with Andrew Webley.
0:00 - Intro
0:13 - Andrew’s Background
7:33 - Transitioning from Private to Public
13:53 - Management Compensation in Bitcoin Treasuries
19:48 - Smarter Web Company Capital Structure
27:13 - Best Practices for ATM
32:38 - Smarter Web’s Preferred Equity
40:09 - The UK’s First Preferred Equity with a Weekly Dividend
47:32 - Closing thoughts and where to find Smarter Web Company online
Strategy is proposing daily dividends on $STRF, $STRC, $STRK, and $STRD, accruing every calendar day, including weekends and holidays, and paid the next business day, with economics unchanged. The proposed changes aim to support price stability, liquidity, and demand.
Tuttle Capital Management (TCM), together with sub-adviser Strive Asset Management (SAM), today announced the launch of the T-Strive Digital Credit Preferred Income ETF (CBOE BZX: DCAP), an actively managed, structured credit ETF that seeks current income by investing in preferred securities issued by Bitcoin treasury companies.
“Digital Credit is a young and developing market, and we've already seen meaningful periods of price dislocation that we believe reflect market inefficiencies," said Alex Xethalis, Head of Distribution at Strive Asset Management. "In normal markets, we expect DCAP to primarily own Digital Credit without leverage. But if substantial price declines create what we believe are attractive entry points, our institutional financing capabilities give DCAP the flexibility to deploy leverage opportunistically and buy into those dislocations. The goal is to generate excess returns over a simple buy-and-hold strategy by systematically taking advantage of those opportunities if they arise."
Read the full press release here:
newsfilecorp.com/release/315…
The oldest rule in corporate finance. A company's job is to earn a return on its assets/capital: airlines on seats, banks on equity.
For a Bitcoin treasury company the asset is Bitcoin and the return is Bitcoin-per-Share, grown by raising capital accretively and putting it to work.
BDO, the world’s 5th largest accounting network, notes industries are built on assets: airlines deploy aircraft, banks allocate capital, and software firms monetize IP. Bitcoin can similarly be a foundational asset around which businesses are built. bdo.com/insights/assurance/b…
Under U.S. GAAP, $BTC can be an input combined with substantive processes to form a business.
At @Strategy, those processes include capital formation, digital credit issuance, risk management, and a dedicated workforce.
BDO, the world’s 5th largest accounting network, notes industries are built on assets: airlines deploy aircraft, banks allocate capital, and software firms monetize IP. Bitcoin can similarly be a foundational asset around which businesses are built. bdo.com/insights/assurance/b…
$STRC and $SATA are among the two most liquid preferred equities issued to date.
18-month distribution reserves. Tax-advantaged distributions. Governance protections. Digital credit sits between traditional fixed income and common equity.
DCAP is built to own it.
For more information, including risks and to view a prospectus, visit digitalcreditetfs.com
Distributed by: PINE Distributors LLC
Institutions are generally reluctant to announce their crypto positions.
So we asked 15 of the world’s largest investment firms how they’re allocating to crypto today.
Introducing the first-ever Bitwise Institutional Crypto Adoption Report.
bitwiseinvestments.com/crypt…
We’re seeing strong momentum from Castle customers allocating capital to $STRC and choosing to convert 100% of their dividends to Bitcoin since the official rollout of the High-Yield for both Individuals and businesses.
High-Yield AUM is growing nicely !
⚡️ Michael Saylor. Natalie Brunell. Jeff Booth.
Three of the voices joining us at The Sovereign Summit in Miami Beach.
Bitcoin. Capital. Sovereignty. The future.
And the lineup is still growing, with more speakers to come from AI, energy, and other industries shaping what comes next.
📍 Fontainebleau Miami Beach
📅 February 4–7, 2027
This is just the beginning.
thesovereignsummit.com
On August 11, 2020, Michael Saylor announced his business software company MicroStrategy would become the first public company to buy bitcoin.
They bought 21,454 bitcoin for $250 million.
Many financial analysts laughed at the idea.
The announcement arrived alongside a separate plan to continue buying bitcoin. Both were presented as part of the company’s new capital allocation strategy.
That first 21,454 bitcoin purchase is now worth approximately $1,700,000,000 today.
Michael Saylor’s company has since become one of the most traded and valuable technology companies in the world.
We've written an open letter calling on MSCI to withdraw its proposed "Non-Operating Company" screens.
Benchmark providers should remain objective administrators, not arbitrary gatekeepers.