I Was Wrong About Bitcoin Treasury Companies... Here's What Changed My Mind (JWP95)

I thought Bitcoin treasury companies were just speculative bets to chase higher returns than Bitcoin. But after digging deeper into MicroStrategy, Metaplanet, and Mark Moss’s 7-point evaluation framework, I realized I might have been looking at them all wrong. I break down why Bitcoin treasury companies could disrupt the $300T bond market, how they could be used for cashflow, the risks of debt and dilution, and what I’m personally doing with my portfolio.

𝐄𝐏𝐈𝐒𝐎𝐃𝐄 𝐋𝐈𝐍𝐊𝐒 & 𝐑𝐄𝐒𝐎𝐔𝐑𝐂𝐄𝐒:

https://jakewoodhouse.link/JWP95-Links/Resources

𝐓𝐈𝐌𝐄𝐒𝐓𝐀𝐌𝐏𝐒:

0:00 – Bitcoin Treasury Companies vs Bitcoin

1:30 – What Are Bitcoin Treasury Companies?

4:36 – What’s Your Measuring Stick for Wealth?

5:53 – Bitcoin as Cash, Cashflow, and Capital Growth

7:13 – Why Bitcoin Treasury Companies Are Speculative Bets

11:31 – The Calm Before the Storm

13:11 – MSTR, Metaplanet & Semler Scientific Breakdown

16:41 – Mark Moss’s 7-Point Framework (mNAV Explained)

18:29 – Bitcoin Holdings & Disclosure Clarity

19:15 – Why the Management Team Matters Most

20:08 – Debt, Credit, and Liquidation Risk in Bitcoin Companies

21:47 – The Bitcoin Yield Metric

22:17 – Understanding Bitcoin Torque

22:54 – R Squared: Tracking Correlation

24:04 – Bitcoin Tiered Exposure Explained

25:20 – MSTR’s “Bitcoin Transmission” (Preston Pysh)

28:10 – Bitcoin Treasury Companies as Fixed Income Plays

30:42 – How Bitcoin Treasury Companies Handle Bear Markets

32:09 – Treasury Companies in Australia vs Japan vs USA

35:19 – Coming Interest Rate Cuts & Market Impact

36:13 – What I’m Doing With Bitcoin Treasury Companies

42:59 – How to Connect With the Show

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