Research
Reference-grade analysis of digital credit instruments, Bitcoin treasury strategy, and risk frameworks. Built for allocators, treasurers, and institutional investors.
Instrument Profile Featured
STRC Deep Dive: Strategy's Preferred Equity Instrument
A comprehensive analysis of STRC — how it works, what the dividend structure looks like, where it sits in Strategy's capital structure, and what the risk profile means for investors considering exposure.
True North Research • Mar 5, 2026
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Framework Featured
What is Digital Credit? A Framework for Understanding Bitcoin-Backed Financial Instruments
Digital credit is the emerging category of bonds, preferred equity, and structured products collateralized by corporate Bitcoin holdings. This framework explains what digital credit is, how the instruments work, and why the category matters for institutional investors.
True North Research • Mar 5, 2026
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