True North Weekly

The flagship deep dive. Every Wednesday at 10 PM EST / 7 PM PST.

Every Wednesday, the True North crew breaks down the week in Bitcoin treasury strategy, structured finance, digital credit instruments, and macro. From balance sheets to basis trades, this is investment-grade analysis for allocators, treasurers, and high-conviction investors.

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All Episodes (55)

Weathering The Storm

MSTR True North Episode 55: We break down Strategy’s capital structure, mNAV, leverage, and the emerging digital credit markets.

Feb 11, 2026 01:20:03 → 54

Margin Isn't Calling!

MSTR True North Episode 54: A deep dive into Bitcoin’s drawdown, macro liquidity, and why this cycle differs.

Feb 4, 2026 01:53:01 → 53

What is Credit Risk?

The group does a deep dive into Bitcoin credit risk, preferred equity, leverage, and mNAV. Covers MSTR balance sheet math, metals vs Bitcoin flows, Tether reserves, credit models, macro signals, liquidity, and risk/reward across cycles.

Jan 28, 2026 02:06:25 → 52

Up to Par

The crew discusses Bitcoin, digital credit, and MSTR's capital structure. Analysis on leverage, mNAV, yield curve control and macro deficits, plus Ray Dalio's gold vs Bitcoin view and why credit drives demand.

Jan 21, 2026 01:08:06 → 51

Bitcoin Did This

Deep into MSTR capital structure, preferred equity, mNAV, and leverage. Digital credit, the power of balance sheet compounding, risk management, and why Bitcoin-backed capital markets may reshape investing.

Jan 14, 2026 02:01:03 → 50

New Year, The Bottom's In

True North Episode 50 - New Year, The bottom's in Agenda: Welcome to 2026 Macro landscape Status of the preferred equity Pension funds & Insurance Companies 2026 and the horizon

Jan 7, 2026 02:08:42 → 49

Bear is for Building

This week the crew highlights their experience at Bitcoin MENA, status of sovereign adoption, balance sheet leverage, mNAV, digital credit, AI capital shifts, and why patient capital wins when price disconnects from value.

Dec 17, 2025 01:56:42 → 48

High Powered Digital Money

The crew does a deep dive into Bitcoin markets, macro signals, credit cycles, and capital structure. Breaking down trend data, EPS thresholds, leverage, mNAV, Fed policy, and why Bitcoin sits at the center of the next liquidity cycle.

Dec 10, 2025 01:05:31 → 47

The Capital Fortress

The crew covers the recent news on the USD reserves, preferreds, mNAV, leverage, credit markets, solvency ratios, macro stress, and why Strategy's balance sheet strengthens despite volatility.

Dec 3, 2025 01:28:11 → 46

And Then They Fight You

True North Episode 46 - "And Then They Fight You" Agenda 1.

Nov 26, 2025 01:51:02 → 45

The Revolution of Digital Credit

True North Episode 45 - Revolution of digital credit -Blood in the streets Agenda 1 We're so back (to 88k gang) 2 Prefs 3 Underwriting Bitcoin lending vs Digital Credit 4 Macro 5 MSTR Earnings...

Nov 19, 2025 01:56:21 → 44

2026 the Year of Digital Credit

How Bitcoin, preferred equity, and digital credit products like $STRC and $SATA are reshaping yield, capital structure, and macro finance. Grain and the Dans walk through the latest macro deck and digital credit evolution.

Nov 12, 2025 01:16:53 → 43

Rate My Stock / Risk of Credit

True North Episode 43 - "Rate my stock/Risk of credit" Agenda 1.

Oct 29, 2025 01:58:46 → 42

Pref Analysis / Deep Dive

True North Episode 42 - "Pref Analysis / Deep Dive" Target time: 1 hour - speed run.

Oct 22, 2025 01:40:49 → 41

What is Credit with special guest Adam Livingston

The crew does a deep dive into credit markets, bond risk, and capital structure with special guest Adam Livingston. Covering Strategy, Ford, disruption risk, mNAV, liquidity, and why BTC is emerging as the prime collateral asset.

Oct 8, 2025 02:15:28 → 40

MSTR Uptober

The group dives deep into Bitcoin investing, capital allocation, risk management, and leverage. They explore mNAV, treasury plays, macro signals, and why fixed income products are reshaping long-term portfolios.

Oct 1, 2025 02:10:20 → 39

Chapter 2 "Full Sail Ahead

True North Episode 39 - Chapter 2 "Full Sail Ahead" Agenda: 1.

Sep 24, 2025 02:10:14 → 38

No days off

Soleil and Dan break down Strategy's credit stack, BTC accumulation strategy, preferreds, rate risk, and AI macro themes. Topics include Strike, Strife, Stretch, MSTR mNAV, BTC vs gold, and Fed policy.

Aug 27, 2025 0:50:28 → 37

Navigating the Storm

A sharp look into Bitcoin-backed finance, misunderstood leverage, market shakeups, and the future of MSTR. Big money, bold moves, and a masterclass in navigating financial storms.

Aug 20, 2025 2:08:05 → 36

Building a Digital Empire

True North - Episode 36 - Building a Digital Empire Agenda: 1.

Aug 13, 2025 2:02:22 → 35

The iPhone moment

True North - Episode 35 - "The iPhone moment" Agenda: 1.

Aug 6, 2025 1:57:30 → 34

STRC'ing the limits

The crew unpacks the power of leverage, BTC-backed yield products, and capital market evolution being built atop the Bitcoin base layer. From earnings catalysts to collateral innovation, this episode traces the threads of MSTR's next financial chapter.

Jul 23, 2025 2:07:44 → 33

Inject the Bitcoin Volatility Virus

True North - Episode 33 - Inject the Bitcoin Volatility Virus Agenda: 1.

Jul 16, 2025 2:10:17 → 32

Everything's Computer... Credit

True North - Episode 32 - Everything's Computer Credit 1.

Jul 9, 2025 1:54:27 → 31

Wall Street Digital Gold Rush

Led by Captain Solei, the crew dives deep into Bitcoin treasury strategies, convertible notes, market sentiment, and global investment dynamics from the U.S. to Japan. An all-access breakdown of how BTC-backed corporate finance is evolving across continents.

Jun 25, 2025 2:01:34 → 30

Power of Collateral

MSTR True North episode 30: In this episode the crew dives deep into leverage, MSTR’s balance sheet, BTC-backed yield, and market psychology—plus how treasury companies are evolving and why Bitcoin...

Jun 18, 2025 1:54:25 → 29

Fishing for the Fixed Income

MSTR True North episode 29: The crew does a deep dive into MSTR's leverage and the future outlook! Also included – Stride IPO insights, Bitcoin volatility, BTC yield projections, S&P 500 potential,...

Jun 11, 2025 2:03:59 → 28

$STRDing toward BTC Fixed Income

MSTR True North episode 28: In this episode the crew breaks down MSTR’s capital stack, Saylor's latest fixed income product creations, leverage analysis, and how digital yield products could reshape...

Jun 4, 2025 2:07:22 → 27

BTC Opportunity Cost EVERYWHERE

MSTR True North Episode 27: The crew dives deep into the institutional adoption of Bitcoin globally.

May 21, 2025 2:06:37 → 26

Capital Gravity Converging & Teeth Scarcity

MSTR True North Episode 26: The crew does a deep dive into MSTR, Bitcoin leverage, $STRK, and S&P 500 dynamics.

May 14, 2025 2:19:45 → 25

T'was the night before earnings

MSTR True North Episode 25: The team dives into market trends, an MSTR Q1 earnings preview, and insights from the recent Bitcoin for Corporations event hosted by Bitwise.

Apr 30, 2025 1:31:39 → 24

The Bitcoin Orchestra

MSTR True North Episode 24: Deep dive into Strategy's securitized BTC financial products, covered calls, market cycles, and how AI and macro trends are shaping the future of Bitcoin and investing.

Apr 16, 2025 2:00:08 → 23

On/Off/On/Off/On/Off

Jeff Park joins the MSTR True North crew to break down market volatility, tariff impact, options market and derivatives, income products, and why Bitcoin and Strategy remain key players in today's financial landscape.

Apr 9, 2025 1:57:03 → 22

Liberation Day Chess

MSTR True North Episode 22: Featuring the rollout of the NEW True North website, the crew breaks down MSTR's latest BTC buys, provides details on the upcoming True North event, shares AI insights,...

Apr 2, 2025 2:01:02 → 21

If You Build It, They Will Come

The crew covers Bitcoin adoption catalysts, Strategy's capital structure evolution, convertible debt mechanics, GameStop's potential Bitcoin strategy, and the upcoming True North event.

Mar 26, 2025 2:22:01 → 20

Weeks When Decades Happen

MSTR True North Episode 20: The crew explores economic signals, government debt, Bitcoin bonds, Strike’s $21B ATM, and Strategy's evolving role in the financial landscape.

Mar 12, 2025 1:45:13 → 19

Volatility’s Return & Bitcoin Treasuries

MSTR True North Episode 19: The crew dives into Bitcoin’s volatility, Strategy's Bitcoin playbook, Bitcoin Investor Week takeaways, institutional adoption, political developments, market trends, and...

Mar 5, 2025 1:43:49 → 18

Convertibles on Deck

The crew breaks down convertible bond mechanics, MSTR's latest debt offering strategy, S&P 500 inclusion probability, and how preferred stock structures are reshaping Bitcoin corporate finance.

Feb 19, 2025 1:46:10 → 17

Give Me a Lever Long Enough

MSTR True North Episode 17: The crew explores Bitcoin’s role in macroeconomics, inflation, Strategy's leverage ratios, S&P 500 inclusion, market volatility, and the impact of Federal Reserve policy...

Feb 12, 2025 1:37:36 → 16

Strategy₿ Q4 '24 Earnings Call

MSTR True North Episode 16: The crew reflects on Strategy₿'s Q4 earnings call.

Feb 5, 2025 1:57:55 → 15

Financial Engineering 101

MSTR True North Episode 15: The crew explores MicroStrategy’s financial strategies, Bitcoin treasury management, preferred stock offering, and market trends.

Jan 29, 2025 2:06:59 → 14

Have Space Suit, Will Travel

MSTR True North Episode 14: The crew covers BTC adoption, market catalysts, corporate strategies, AI integration, meme coins, NFT trends, MicroStrategy’s financial maneuvers, insights on government...

Jan 22, 2025 2:08:08 → 13

Week of Jan 17 Expiration

MSTR True North Episode 13: The crew hits on Q4 earnings expectations, investment insights, regulatory changes, and future predictions.

Jan 16, 2025 1:35:38 → 12

New Year, Same Business

MSTR True North Episode 12: The True North crew explores 2025 market outlook, MicroStrategy’s evolving Bitcoin strategy, catalysts like S&P 500 inclusion, options trading insights, and the evolving...

Jan 8, 2025 2:26:01 → 11

Let’s Talk About Leverage

MSTR True North Episode 11: Discover insights on MicroStrategy’s leverage strategy, Bitcoin accumulation, market catalysts, QQQ index inclusion, and fair value accounting.

Dec 18, 2024 2:14:53 → 10

The Most Hated Rally in Finance

MSTR True North Episode 10: Explore MicroStrategy’s growth, QQQ inclusion, quantum computing’s impact, and economic insights.

Dec 11, 2024 2:14:33 → 9

Financial Leverage & Bear Sightings

MSTR True North Episode 9: The crew does a deep dive into MicroStrategy’s financial leverage, Bitcoin surpassing $100K, bear classifications, community growth, and upcoming market catalysts.

Dec 4, 2024 2:27:39 → 8

Thanksgiving Week

MSTR True North Episode 8: The crew covers MicroStrategy’s 55K Bitcoin buy, volatility, ETF dynamics, Bitcoin dominance, and catalysts like QQQ inclusion.

Nov 25, 2024 1:10:29 → 7

Bitcoin, Bonds and Breakthroughs

MSTR True North Episode 7: The crew discusses the $2.6B convertible debt offering, Bitcoin adoption, profit strategies, market dynamics, valuation models, long-term investing, tax strategies,...

Nov 20, 2024 2:17:37 → 6

MSTR's Bold BTC Bet

MSTR True North Episode 6: The crew discusses MSTR's rapid BTC acquisitions, convertible debt, market cap growth, bold predictions for corporate and nation-state adoption, market shifts, and the...

Nov 18, 2024 1:35:55 → 5

Volatility is Vitality

MSTR True North Episode 5: The crew reflects on MicroStrategy's $300+ price.

Nov 13, 2024 1:58:38 → 4

MSTR & BTC Highs

MSTR True North Episode 4: The crew discusses Bitcoin's all-time high, with speculation on nation-state buying and MicroStrategy’s playbook driving market shifts.

Nov 11, 2024 1:48:45 → 3

Post Election Discussion

MSTR True North Episode 3: The crew covers post-election impacts, Bitcoin catalysts, Q3 earnings, ETF inclusion, macroeconomic trends, Bitcoin adoption strategies, and future projections for MSTR and...

Nov 6, 2024 1:32:58 → 2

Q3 Earnings in Review

The crew reviews MicroStrategy's Q3 earnings, covering record-setting performance, Bitcoin accumulation milestones, market dynamics, and key upcoming catalysts.

Oct 30, 2024 2:37:00 → 1

Navigating MSTR and BTC

MSTR True North Episode 1: The crew reviews MicroStrategy's rise, Bitcoin adoption, market insights, and future catalysts in this debut episode of "True North." Also includes in-depth analysis, and...

Oct 23, 2024 2:06:58 →

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