One of the most fascinating parts of this episode was hearing @YChoueifaty explain how TOBAM actually evaluates Digital Credit. It's one thing to discuss $STRC, $SATA, $SATS, and $MORE. It's another to hear how institutional investors model and price these instruments. Credit risk, dividend sustainability, discretionary payments, embedded optionality... There's a lot more complexity than meets the eye. And traditional credit ratings are still far behind when it comes to Bitcoin Treasuries and Digital Credit. The financial engineering is happening on the liability side of Bitcoin Treasury companies' balance sheets. And institutions are developing their own models to make sense of it. Which raises an interesting question: Who will challenge and potentially disrupt the traditional credit rating models of S&P and Moody's? Fascinating times ahead!

Wall Street might be sleeping on one of Bitcoin's biggest opportunities. Digital Credit $STRC $SATA is rapidly evolving into an entirely new institutional asset class. And the implications for Bitcoin Treasury companies could be enormous. From Smarter Web's $MORE launch in the UK to the potential mispricing of Strategy's $STRC and Strive's introduction of $SATS, financial innovation is accelerating. But the bigger picture goes far beyond individual companies. Bitcoin is finding its way into the very foundations of traditional capital markets. And we're only getting started. Another fascinating episode of Inside the Walls with @AlexandreLaizet, @Andre_Dragosch and @YChoueifaty. Don't miss it! 🔥👇 $MSTR $ASST $SWC $ALCPB

Unpopular opinion: $STRC might benefit from less engineering, not more. Between the upcoming shift to daily dividends, $STRC buybacks, and a substantial USD reserve, there's increasingly complex machinery behind a product designed to trade around $100. The ultimate innovation might not be adding more mechanisms. It might be figuring out which ones we can do without.

Strive hasn’t even hit second gear yet. And it just added 9,216 BTC in six weeks, that’s a 46% increase in its Bitcoin holdings. But here’s what makes this really interesting: The accumulation was driven primarily by the $SATA ATM, with comparatively little issuance through the $ASST ATM. Now imagine when the bull market is in full swing and where the second gear starts turning: $SATA ATM + $ASST ATM running side by side. If this is what Strive can do with essentially one capital-raising engine doing the heavy lifting, wait until both are firing. The next phase could make the last six weeks look small. I hope you're positioned accordingly.

Great discussion between @jvisserlabs & @APompliano. Bitcoin, AI, markets, and where things could be heading next. A lot of signal packed into one conversation. Highly recommend giving this one a watch!