How does the future of BTCTC look like - With Brian Brookshire from H100
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Strategy’s Preferred Stock Complex: Institutional Credit Analysis of STRF, STRC, STRE, STRK and STRD
Executive thesis Strategy’s preferred instruments should be analyzed less like ordinary corporate preferred shares and more like structured claims on a Bitcoin treasury balance sheet. They sit above common equity but below debt, depend heavily on the market value and liquidity of Strategy’s Bitcoin holdings, and are supported
Q1 2026 Institutional Review of Bitcoin Treasury Companies
1. Strategy (MSTR): Q1 2026 Analytical Report Strategy’s Q1 2026 report reinforces a thesis that is now less about proving the viability of a Bitcoin treasury model and more about proving the durability of that model at institutional scale. As of March 31, 2026, the company held 762,099
SWC’s Smart Warrant Cleanup: How 39 Million Cancelled Warrants Strengthened the Bitcoin-per-Share Story
The Smarter Web Company used modest short-term debt to remove a major dilution overhang, simplify its capital structure, and increase Satoshis per share from 680 to 755. The Setup: A Company Cleaning Up Its Capital Structure The Smarter Web Company PLC has been building a very specific public-market identity a
STRC vs SATA: How the Market Is Pricing Bitcoin Credit Risk
Why two Bitcoin-linked preferred securities with similar durations can trade at meaningfully different yields When investors look at Bitcoin-linked income products, the first instinct is often to compare the coupon and stop there. One instrument yields more, another yields less, and the market appears to be giving a verdict. But