True North Weekly

The flagship deep dive. New episodes every Wednesday.

Latest: The Frontier of Credit

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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Latest: The Frontier of Credit

All Episodes (83)

83.The Frontier of Credit

This week the crew covers SATS review / Pref Ecosystem, Perpetual Preferred Equity vs. Debt vs Convertible bonds, Cost of Capital, Balance Sheet Review, Vesttoo Story - Impact on market, AMA.

Oct 21, 2026

Oct 21, 2026 1:23:11 →

82.Digital Credit Is Still Misunderstood

The crew discusses why digital credit is still so misunderstood, starting with takeaways from the Bitcoin Treasuries Conference and how SATA and STRC work as dry powder that keeps earning while you wait. The crew covers SATA passing STRF in notional outstanding, the fastest horse debate, and why amplification matters more than a 1% difference in cost of capital. From there, they compare Tesla's multiple to mNAV, look at AI disruption and goodwill at Adobe, and close with a breakdown of the ASST options chain and LEAPS heading into warrant week.

Oct 8, 2026

Oct 8, 2026 1:00:37 →

81.AI Agents and The Bitcoin Endgame

The crew opens with a balance sheet check-in on Strategy and Strive, then dig into why amplification, not a 1% difference in cost of capital, is the biggest driver of long-term shareholder returns. They share takeaways from the Bitcoin Treasuries Conference, walks through Strategy's move to daily dividends and what that could mean for STRC, SATA, and AI agents managing capital, and closes with a Warrants 101 breakdown covering how warrant holders hedge, why warrants are a capital injection rather than a sign of stress, and what exercise would mean for Strive's balance sheet.

Sep 30, 2026

Sep 30, 2026 1:24:36 →

80.The Berkshires of Bitcoin

The crew kicks off Season 3 with a balance sheet check-in on Strategy and Strive: Strategy's 950 BTC purchase, STRC buybacks, cash versus convertible debt, and Strive's growing Bitcoin position, dividend coverage, and potential warrant capital. The crew then breaks down why digital credit changes the probability of outcomes versus traditional credit, draws parallels between Strategy and Berkshire Hathaway's insurance float model, and closes with a look at options activity across ASST, MSTR, IBIT, and STRC.

Sep 23, 2026

Sep 23, 2026 1:22:03 →

79.Insurance Risk Bubbling

Strategy and Strive take center stage in a solo desk session comparing their Bitcoin balance sheets, dividend coverage, leverage, and capital capacity, including Strategy's pause in MSTR ATM sales, STRC repurchases, and push to return STRC to par. The discussion models how warrant proceeds and additional SATA issuance could reshape Strive's amplification, then explores downside protection, preferred-market liquidity, short interest, dividend reinvestment, and possible Bitcoin CAGR outcomes through 2030. The episode closes by examining private credit inside the insurance industry, CLO capital arbitrage, and lessons from Lehman and AIG that continue to shape the emerging digital credit market.

Sep 9, 2026

Sep 9, 2026 57:13 →

78.Clean Sheet, who dis?

The crew examines Bitcoin’s technical setup as price converges around the power-law floor, the 200-week moving average, and the short-term holder realized price, then asks whether the latest bottoming signals point toward a durable bull-market confirmation. From there, the conversation moves through financial repression, Treasury buybacks, structurally higher long-term rates, the housing market, rising federal interest expense, and why persistent deficits continue to strengthen the monetary case for Bitcoin. The group then breaks down Strategy’s cleaner balance sheet, the combination of its USD reserve and cash position, the move to zero net leverage, and the capital-allocation flexibility that creates for convertible debt, Bitcoin purchases, STRC repurchases, and MSTR common stock. The discussion also explores STRC’s path back to par, how cash reserves and buybacks affect investor confidence, the emergence of leveraged and delta-neutral markets around preferred equity, and the contrast between STRC and SATA on scale, liquidity, and daily dividends. The episode closes by comparing Strategy’s liquid Bitcoin reserve with traditional bank loan books, revisiting lessons from the 2008 financial crisis, and examining how verifiable Bitcoin collateral could support reinsurance, structured products, prediction markets, and the next phase of digital credit.

Sep 2, 2026

Sep 2, 2026 1:10:06 →

77.We're So (Buy)Back

Bitcoin and Strategy rip higher as the crew breaks down the Treasury’s bond-buyback announcement, the market’s reaction, and what improving liquidity could mean for Bitcoin, MSTR, and the broader digital-credit ecosystem. The conversation moves through Strategy’s strengthening balance sheet, rising USD reserves, falling net leverage, and the way a higher Bitcoin price changes the credit profile of STRC and the rest of the preferred stack. The group also examines MSTR’s surge in trading activity, the potential to rebuild Bitcoin holdings and repurchase securities, and the longer-term path toward using Bitcoin as institutional-grade collateral. From there, the discussion turns to Nvidia-backed AI infrastructure financing, GPU depreciation and underwriting risk, Strategy’s convertible debt mechanics, STRC issuance, MSTR buyback optionality, and the tradeoffs facing common shareholders when mNAV expands. The episode closes with BlackRock’s BITA covered-call ETF, the possibility of Strategy reaching one million Bitcoin, the upcoming Jackson Hole speech and Fed meeting, and what a durable Bitcoin rally could unlock across capital markets.

Aug 19, 2026

Aug 19, 2026 1:17:36 →

76.Why Strategy's Balance Sheet Became a Blackhole

The crew takes apart the capital structure behind Strategy’s expanding Bitcoin balance sheet: the week’s common-stock issuance, Bitcoin sale, STRC repurchase, cash-reserve build, and the argument that a liquid, divisible BTC reserve changes how investors should think about funding preferred dividends. From there, the conversation moves through net leverage, refinancing optionality, the emerging digital credit stack, and the contrast between financing appreciating Bitcoin collateral and financing rapidly depreciating GPU infrastructure. The group also examines the potential implications of MSCI’s proposed screening methodology for digital-asset treasury companies, discusses preferred-share capital allocation across STRC, STRF, STRK, and STRD, and closes with a candid conversation about BIP 110, a possible fork, market process, and the work required to bring longer-duration institutional capital into Bitcoin-backed credit.

Aug 12, 2026

Aug 12, 2026 1:41:32 →

75.Randomness & Probability 101

The crew breaks down the Coldcard security failure and the custody wake-up call it created across Bitcoin, examining compromised seed entropy, emergency wallet migrations, exposed public keys, multisig setups, hardware-wallet trust, and the privacy consequences of consolidating funds through KYC platforms. They then turn to MSTR and Strategy’s updated balance sheet, including its Bitcoin sale, growing USD reserve, convertible debt, dividend coverage, STRC repurchases, and the evolving credit quality of digital credit. From there, they introduce True North’s new seed-phrase tools to visualize SHA-256, brute-force probabilities, key-space scale, and each investor’s relative “slice” of Bitcoin before closing with corporate custody, sovereignty, reinsurance opportunities, and the BIP-110 game theory unfolding between miners and nodes.

Aug 5, 2026

Aug 5, 2026 1:35:35 →

74.Architecture of Value

The crew opens with MSTR balance sheet Update (cash raised, Bitcoin holdings), MSTR credit Quality, and Comparing balance sheet companies. They dig into Algorithmic trading impact (Automation, arbitrage, capital flows), SATA vs. STRC arbitrage, and preferred instruments pair trading. The conversation turns to institutional investor Feedback (credit quality, market concerns), options market analysis, and STRC volatility & Future. From there they work through MSTR Future strategy, Bitcoin BIP 110 Activation, and Probabilistic BIP 110 Outcome. The crew closes with final thoughts on Bitcoin forks and portfolio changes.

Jul 22, 2026

Jul 22, 2026 1:16:42 →

73.MSTR Sells Bitcoin to Fund Dividend

The crew unpacks Strategy's Q2 2026 balance sheet management — why MSTR sold Bitcoin to fund the dividend, how the market read the sales, and the share buybacks running alongside them as preferred equity bottomed. They walk through STRC's performance and liquidity, dig into the Q2 financials — Bitcoin growth, debt reduction, interest coverage — and the convertible put dates that frame equity dilution risk, then zoom out to first principles: what capital actually is, Bitcoin's role as digital capital, and capital versus currency on the road to hyperbitcoinization. The crew closes on Bitcoin-backed loans and the lender's dilemma, the developing Bitcoin yield curve and credit spreads, and a summer crab market heading into Q3.

Jul 8, 2026

Jul 8, 2026 59:18 →

72.The Stress Test

The crew puts Strategy's new capital framework through its paces — unpacking the USD reserve policy behind MSTR's cash liquidity, what credit and equity investors each need from it, and how the credit market is evolving from high-yield ETFs to pension gaps. They dig into the new STRC dividend and buyback policies, how the market read MSTR's Bitcoin sales, and the BTC monetization program funding reserves and dividend payments, then stress-test the balance sheet itself — leverage ratio, the Bitcoin price floor, and why clear communication around monetization carries psychological weight. The crew closes on securitized products, market leverage, and the opportunity hiding in a bear market.

Jul 1, 2026

Jul 1, 2026 59:28 →

71.The Long Game

The crew settles in for the long game — sizing up Bitcoin and MSTR's latest volatility, stress-testing Strategy's balance sheet and dividend coverage, and weighing MSTR's amplified beta against institutional hedging. They set Bitcoin's four-year CAGR and shortening drawdowns against a shifting macro backdrop of IPOs, bond raises, and gold outflows, then turn to the volatility running through digital credit across STRC and SATA, the Basel-era regulation taking shape around it, and the BIP-110 game theory pitting miners against nodes.

Jun 24, 2026

Jun 24, 2026 2:12:37 →

70.The Launch Pad

The crew works through the STRC selloff — what MSTR's cash-reserve reduction means for capital structure, dividend coverage, and debt reduction, and how an issuer can steady STRC's price while the market reprices it as a Bitcoin derivative. They weigh STRC's yield against its volatility and trading volume, then turn to the wave of AI and IPO capital (SpaceX and the tech giants), what AI's marginal-cost dynamics and shifting pricing models mean for Bitcoin's narrative, and the case for Bitcoin as savings technology with digital credit as the bridge to adoption. A live Q&A closes on STRC dividend confidence, treasury-company outperformance, OTC Bitcoin execution, and the latest STRC FUD.

Jun 17, 2026

Jun 17, 2026 1:50:21 →

69.Strategy Sells Bitcoin, so what? w/ Adam Livingston

The crew is joined by Adam Livingston to steelman the Strategy-is-selling-Bitcoin FUD — stress-testing MSTR's dividend coverage through Bitcoin drawdowns, dissecting STRC's credit quality against bank preferreds, and tracing how amplified Bitcoin and capital-market access fund the preferred stack. They zoom out to Bitcoin's evolution from reserve asset to settlement layer and why digital credit is becoming a yield-bearing monetary alternative.

Jun 3, 2026

Jun 3, 2026 1:38:57 →

68.The New Regime

The crew on Strategy's convertible-retirement playbook, the AI memory trade through Micron and high-bandwidth memory, Warsh and the Fed's new regime navigating debt spirals and treasury-demand erosion, and how digital credit demand grows as the dollar base layer comes under pressure.

May 27, 2026

May 27, 2026 1:25:19 →

67.Reimagining Money

The crew on STRC's payout cadence and ex-dividend liquidity dynamics, Bitcoin amplification theory through preferred-equity leverage, and the rise of Bitcoin credit markets eclipsing spot BTC — plus AI capital rotation, a Strategic Bitcoin Reserve, and how shareholder voting may shape the next wave of digital credit.

May 21, 2026

May 21, 2026 1:19:57 →

66.The World Has Changed...

The crew unpacks Strategy's daily-dividend SATA launch and how dividend frequency reshapes stablecoin arbitrage and DRIP compounding, credit-risk modeling for perpetual yields, the Coffeezilla x Jeff Walton debate, leveraged carry trades and liquidity centralization in digital credit, IPOs as Bitcoin risk-transfer vehicles, and how the Clarity Act is accelerating Bitcoin capital markets.

May 14, 2026

May 14, 2026 1:31:22 →

65.Credit Quality Accelerating

The crew unpacks Strategy's earnings reaction, the rationale behind selling Bitcoin to fund preferred dividends and retire convertible debt, how deeper Bitcoin liquidity is amplifying credit arbitrage and mNAV mechanics, and the digital credit expansion reshaping debt markets through DeFi tranching and instruments with indirect Bitcoin exposure.

May 7, 2026

May 7, 2026 1:36:45 →

64.The Dividend Machine

The crew breaks down Strategy's shift to semi-monthly STRC dividends, walks through the balance sheet flywheel and mNAV premium funding capital raises, traces the path toward credit-rating receptivity through structured tranching, and explores how capital rotates from equity profits into yield-bearing digital credit instruments.

Apr 23, 2026

Apr 23, 2026 1:45:10 →

63.Calling The Shot

The crew unpacks STRC's arbitrage setup and the capital-markets shift toward digital credit, billion-scale liquidity perspective and the balance-sheet flywheel, debasement math and leverage-risk analysis, issuance constraints and mNAV allocation strategy across rate regimes, and the Coffeezilla x Bankless media-narrative debate.

Apr 14, 2026

Apr 14, 2026 1:41:22 →

62.MSTR Can Buy More BTC Than Sellers Can Sell

The crew analyzes STRC's liquidity and yield structure, breaks down algorithmic arbitrage flows, examines digital credit's hybrid capital thesis, models MSTR's demand engine under rate cuts, and compares the full capital stack across STRC, STRF, and STRK.

Apr 8, 2026

Apr 8, 2026 1:37:04 →

61.The Mechanics of Capital and Digital Credit

The crew breaks down the Federal Reserve's latest moves, the Sharpe Ratio and its implications for Bitcoin treasury strategy, the fundamental purpose of equity, and how capital structures are evolving in the digital credit era.

Apr 2, 2026

Apr 2, 2026 1:54:39 →

60.Beneath The Surface, A System In Motion

Bitcoin, digital credit, and capital markets collide. The crew covers STRC arbitrage, yield strategies, credit risk, AI disruption, and Bitcoin's path to institutional adoption and balance sheet dominance.

Mar 26, 2026

Mar 26, 2026 1:54:39 →

59.Waiting For The World To Catch Up

Explore how institutional flows, leverage, and digital credit are reshaping markets, driving Bitcoin demand, and setting up a massive capital reallocation with the True North team.

Mar 19, 2026

Mar 19, 2026 1:46:27 →

58.Is The Tide Turning?

A deep dive into Bitcoin’s evolving capital markets, covering digital credit, private credit risks, institutional adoption, and the financial innovations shaping the future of money, markets, and technology.

Mar 12, 2026

Mar 12, 2026 1:44:25 →

57.Signals From True North Live

The crew opens with True North event insights (global investors discuss Bitcoin credit innovation), Bitcoin credit flywheel, and credit risk mispricing. They dig into policy catalysts (regulatory shifts supporting Bitcoin adoption), bond market disruption, and Bitcoin analytics tools. The conversation turns to institutional STRC demand (desks and buyers driving issuance), digital equity model, and monetary debasement hedge. From there they work through STRC adoption curve, banking infrastructure shift, and control system debate.

Mar 5, 2026

Mar 5, 2026 1:57:09 →

56.The Quiet Accumulation

The crew dives dive into Strategy’s capital structure, rising BTC per share, AI-driven disruption, and regulatory momentum that is brewing. Th team breaks down digital credit strength, supply math, and why this cycle may be structurally different.

Feb 19, 2026

Feb 19, 2026 1:48:37 →

55.Weathering The Storm

We break down Strategy’s capital structure, mNAV, leverage, and the emerging digital credit markets. Learn more about how institutional capital actually moves in Bitcoin an how to think about risk in this marketplace.

Feb 11, 2026

Feb 11, 2026 01:20:03 →

54.Margin Isn't Calling!

A deep dive into Bitcoin’s drawdown, macro liquidity, and why this cycle differs. We break down capital structure, leverage myths, margin-call fears, treasury concentration, short-risk asymmetry, and how convex balance sheets create explosive upside.

Feb 4, 2026

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

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

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

Jan 14, 2026 02:01:03 →

50.New Year, The Bottom's In

The crew does a deep dive into Bitcoin treasury strategy, mNAV, leverage, and capital structure. The discussion includes a healthy debate about ATM issuance, liquidity, credit, and short risk, then zooms out to macro shocks, pensions, and Bitcoin's role in capital allocation.

Jan 7, 2026

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

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

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

Dec 3, 2025 01:28:11 →

46.And Then They Fight You

The team hosts an early call on Wednesday to address the latest digital credit and BTC treasury catalysts. Highlights include MSCI index, JP Morgan structured notes, MNAV math, capital structure engineering, and the growing shift toward institutional Bitcoin adoption and treasury allocation.

Nov 26, 2025

Nov 26, 2025 01:51:02 →

45.The Revolution of Digital Credit

The crew opens with Bitcoin strategy archetypes, digital credit instruments, and liquidity crunch. They dig into narrative following price, shorting costs & carry with transparency, and spot ETF accumulation. The conversation turns to dividend math with BTC, selling loans vs credit, and Bitcoin as monetary ledger. From there they work through private markets tokenization, Stretch as spendable credit, and world balance sheet on BTC.

Nov 19, 2025

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

Nov 12, 2025 01:16:53 →

43.Rate My Stock / Risk of Credit

This episode breaks down return of capital investing, credit ratings, risk underwriting, and structured yield products - framed around macro signals, mNAV, capital allocation, and long-term value.

Oct 29, 2025

Oct 29, 2025 01:58:46 →

42.Pref Analysis / Deep Dive

The crew explores Bitcoin as corporate capital, synthetic yield, and how it’s driving in ovation in the credit markets. From mNAV to macro risk models, this episode highlights the process of building a balance sheet in a market that is build in a choric climate.

Oct 22, 2025

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

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

Oct 1, 2025 02:10:20 →

39.Chapter 2: Full Sail Ahead

This episode kicks off with the news tied to the Strive acquisition and the push to maintain authenticity. The rest of the discussion highlights all the bews in Bitcoin Treasury space in the last 3 weeks.

Sep 24, 2025

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

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

Aug 20, 2025 2:08:05 →

36.Building a Digital Empire

The True North crew dives deep into this transformational period. Segments include MSTR valuation, leverage risks, liquidation prefs, and BTC’s future as digital capital.

Aug 13, 2025

Aug 13, 2025 2:02:22 →

35.The iPhone moment

The crew talks Q2 earnings call, Bitcoin-backed investing, the creation of the BTC yield curve, AI disruption, and rising instituional adoption.

Aug 6, 2025

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

Jul 23, 2025 2:07:44 →

33.Inject the Bitcoin Volatility Virus

The crew discusses how MSTR is transforming corporate finance by holding permeant, digital capital on the balqnce sheet. This episode breaks down Strategy’s evolving playbook, institutional adoption, leverage, and why Bitcoin is becoming oxygen for forward-looking companies.

Jul 16, 2025

Jul 16, 2025 2:10:17 →

32.Everything's Computer... Credit

The crew does a deep dive into Strategy’s capital stack, leverage, and preferred instruments like Strike, Strife and Stride—exploring risk, credit, and how institutional capital is recognizing the tue credit worthiness of a treasury powered by Bitcoin.

Jul 9, 2025

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

Jun 25, 2025 2:01:34 →

30.Power of Collateral

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

Jun 18, 2025 1:54:25 →

29.Fishing for the Fixed Income

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

Jun 11, 2025 2:03:59 →

28.$STRDing toward BTC Fixed Income

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

Jun 4, 2025 2:07:22 →

27.BTC Opportunity Cost EVERYWHERE

The crew dives deep into the institutional adoption of Bitcoin globally. Tune in to hear more about MetaPlanet, MSTR, Bitcoin treasuries, market sentiment, and why 2025 could be the breakout year for Bitcoin-aligned equities and cooperative finance.

May 21, 2025

May 21, 2025 2:06:37 →

26.Capital Gravity Converging & Teeth Scarcity

The crew does a deep dive into MSTR, Bitcoin leverage, $STRK, and S&P 500 dynamics. Special guest LaDoger add his perspective on the behind-the-scenes from the True North event.

May 14, 2025

May 14, 2025 2:19:45 →

25.T'was the night before earnings

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

Apr 30, 2025 1:31:39 →

24.The Bitcoin Orchestra

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

Apr 16, 2025 2:00:08 →

23.On/Off/On/Off/On/Off

Jeff Park joins the 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

Apr 9, 2025 1:57:03 →

22.Liberation Day Chess

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

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

Mar 26, 2025 2:22:01 →

20.Weeks When Decades Happen

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

Mar 12, 2025 1:45:13 →

19.Volatility’s Return & Bitcoin Treasuries

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

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

Feb 19, 2025 1:46:10 →

17.Give Me a Lever Long Enough

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

Feb 12, 2025 1:37:36 →

16.Strategy₿ Q4 '24 Earnings Call

The crew reflects on Strategy₿'s Q4 earnings call. Topics include the rebrand, Bitcoin strategy, leverage, and market impact. Key insights include debt management, investor sentiment, and future growth.

Feb 5, 2025

Feb 5, 2025 1:57:55 →

15.Financial Engineering 101

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

Jan 29, 2025

Jan 29, 2025 2:06:59 →

14.Have Space Suit, Will Travel

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

Jan 22, 2025 2:08:08 →

13.Week of Jan 17 Expiration

The crew hits on Q4 earnings expectations, investment insights, regulatory changes, and future predictions. Highlights include the January 17 option expiration, nation-state Bitcoin reserves, vote to increase authorized share count and MicroStrategy’s growth trajectory.

Jan 16, 2025

Jan 16, 2025 1:35:38 →

12.New Year, Same Business

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

Jan 8, 2025 2:26:01 →

11.Let’s Talk About Leverage

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

Dec 18, 2024 2:14:53 →

10.The Most Hated Rally in Finance

Explore MicroStrategy’s growth, QQQ inclusion, quantum computing’s impact, and economic insights. Dive into key catalysts, corporate adoption, NAV analysis, and ETF dynamics in this packed episode of MicroStrategy True North.

Dec 11, 2024

Dec 11, 2024 2:14:33 →

9.Financial Leverage & Bear Sightings

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

Dec 4, 2024 2:27:39 →

8.Thanksgiving Week

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

Nov 25, 2024 1:10:29 →

7.Bitcoin, Bonds and Breakthroughs

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

Nov 20, 2024 2:17:37 →

6.MSTR's Bold BTC Bet

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

Nov 18, 2024 1:35:55 →

5.Volatility is Vitality

The crew reflects on MicroStrategy's $300+ price. Additional topics include Key catalysts, market volatility, Bitcoin’s surge, Insights on ATM activity, nation-state FOMO, options strategies, and risk management.

Nov 13, 2024

Nov 13, 2024 1:58:38 →

4.MSTR & BTC Highs

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

Nov 11, 2024 1:48:45 →

3.Post Election Discussion

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

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

Oct 30, 2024 2:37:00 →

1.Navigating MSTR and BTC

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

Oct 23, 2024 2:06:58 →

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