Why Wall Street May WANT MSTR to Issue More Shares | Inside the Walls Ep. 7

The Bitcoin Treasury race hasn't even started yet. And when Bitcoin starts moving, everything could change.

Strategy (MSTR) is bringing STRC back toward par. Strive (ASST) is accelerating its Bitcoin accumulation. Institutional investors are entering the digital credit market. Yet, according to Yves Choueifaty, we're still waiting for the two engines that could transform the entire Bitcoin Treasury industry: Bitcoin price appreciation and mNAV expansion.

In Episode 7 of Inside the Walls, the Bitcoin Capital Markets podcast, we're joined by three leading voices in institutional Bitcoin finance:

🎙️ Alexandre Laizet — Capital B

🎙️ André Dragosch, PhD — Bitwise

🎙️ Yves Choueifaty — TOBAM

In this episode:

🔸 Strategy's STRC Buybacks: Why is Strategy buying back STRC, and what happens when its digital credit instrument returns to $100 par?

🔸 The Bitcoin Treasury Amplification Race: Why could smaller companies like Strive, Capital B, and Smarter Web have an advantage over Strategy when Bitcoin rallies?

🔸 Common Stock ATM vs. Digital Credit: What do institutional investors really want? And how should Bitcoin Treasury Companies balance equity issuance, preferred stock, and BTC per share growth?

🔸 Strategy's B- Credit Rating: Why hasn't S&P upgraded Strategy despite its Bitcoin holdings and USD reserve? Is traditional credit analysis fundamentally mispricing Bitcoin Treasury Companies?

🔸 The Future of Credit Ratings: Could Bitcoin-backed financial instruments force rating agencies to rethink how they assess creditworthiness?

🔸 Anthropic's Potential IPO: What do falling AI token prices, massive compute commitments, and tightening financial conditions mean for AI valuations and the broader capital markets?

The big question: Are Bitcoin Treasury Companies preparing for the greatest capital markets transformation of our generation, or are investors underestimating the risks?

Join us as we connect Bitcoin, institutional capital, digital credit, and financial engineering to understand where this rapidly evolving industry could be heading.

Follow the crew on X:

- Alexandre Laizet: https://x.com/AlexandreLaizet

- André Dragosch: https://x.com/Andre_Dragosch

- Yves Choueifaty: https://x.com/YChoueifaty

- Valentin Kosanovic: https://x.com/Kosanovic_V

Follow Capital B on Youtube: https://www.youtube.com/@UCEXICiXdOXjh0jigU64inPg

⏱️ TIMESTAMPS

00:00 Bitcoin Capital Markets: Inside the Walls Ep. 7

02:14 Strategy STRC Nears $100 Par: Is Digital Credit Back?

04:59 Why Is Strategy Buying Back STRC Below Par?

07:09 What Happens to Bitcoin Treasury Stocks When BTC Rallies?

12:56 Common Stock ATM vs Digital Credit: What Do Institutions Prefer?

19:14 How Will Bitcoin Treasury Companies Raise Capital in a Bull Market?

22:38 Strategy vs Strive vs Capital B: Do Smaller Players Have an Edge?

25:55 Why Did Strategy Keep Its B- Credit Rating?

29:53 Are Credit Rating Agencies Holding Back Bitcoin Adoption?

36:32 Why Traditional Credit Ratings Fail: Oil, Lehman & Sovereign Debt

43:19 Anthropic IPO: Timing, Valuation and AI Market Risks💡 Why subscribe to One Chair Podcast?

We're exploring the future of finance through the lens of Bitcoin Treasury Companies, digital credit, and capital markets.

From Strategy and Strive to emerging Bitcoin Treasury Companies, we go beyond the headlines to examine the financial engineering, capital allocation strategies, and institutional investment opportunities shaping this new asset class.

If you want to stay ahead of the curve and understand what could be one of the greatest asymmetric investment opportunities of our generation, you're in the right place.

Follow us on:

- X: https://x.com/OneChairPod

- Youtube: https://www.youtube.com/@OneChairPod

Follow the One Chair crew on X:

- Yves/YG: https://x.com/GrafYves

- Quentin: @quentinisonx

- Dario: @dariostackssats

Disclaimer: This content is for informational and educational purposes only and does not constitute financial advice.

Thank you for listening!