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Digital Credit

Yield-bearing financial instruments with indirect Bitcoin exposure — the emerging Layer 2 of the digital capital framework.

148 episodes · 42 research pieces

Latest on Digital Credit

Episode

Why STRC Isn’t Back To $100

Strategy spent about nine times more buying back STRC than buying Bitcoin in one week. Allard Peng says buybacks at 98 cents on the dollar are waste. The quant returns to break down why STRC still isn’t back at $100, why not raising the dividend was the right call, and why the buybacks went too far. He also maps the digital money and digital yield products being built on top of digital credit, explains why fixed-rate preferreds may be the better long-term buy, and shares why he thinks Bitcoin is set to outperform.

Oct 22, 2026 • 53:26 Watch →
Episode

Bitcoin Fell, We Grew 6x

In this week’s Hurdle Rate, the crew breaks down the $700 million SATS IPO, Strive’s first year as a public company, and growing from 5,886 to 36,818 Bitcoin through a bear market. They also discuss why SATS is a 15% fixed rate preferred junior to SATA, how the amplification engine was built, and what TradFi investors asked during a high yield selloff. The episode closes on the digital credit bubble and why Strive’s 18-month dividend reserve is stronger than it looks. Here’s the latest with Matt Cole, Jeff Walton, Ben Werkman, Joe Burnett, and Adam Livingston.

Oct 20, 2026 • 1:12:23 Watch →
Episode

I Borrowed Against My House To Buy STRC

Trey Sellers borrowed against his home at 5% to buy STRC yielding 10%, and he explains why he never worried when it crashed. The head of Strike Private and creator of FIRE BTC joins host Joe Burnett to discuss how Bitcoin changes the math of retiring early, why he thinks an 8% withdrawal rate is conservative on a Bitcoin standard, and why you should keep a mortgage instead of paying it off. They also cover growth vs. income investing, whether digital credit is suppressing Bitcoin's price, and why $83,000 Bitcoin is bullish.

Oct 8, 2026 • 57:12 Watch →

All episodes (148)

True North Weekly (63)

2026

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2024

The Hurdle Rate (61)

2026

2025

The Income Show (22)

True North Now (2)

Research (42)

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