Bitcoin Treasury Credit: Scale, Instruments, Ratings
The September 25, 2025 episode of a Bitcoin Magazine podcast features Matt Cole and Jeff Walton explaining why an all-stock Semler transaction can be BTC-per-share accretive.
Jeff Walton
Bitcoin Treasury Scale, Leverage, and Consolidation
The September 26, 2025 episode of Swan Signal features Ben Workman and Jeff Walton analyzing how equity drawdowns, PIPE unlocks, and discounts to NAV are reshaping public Bitcoin-treasury financing.
Bitcoin-Backed Credit, M&A, and Index-Flow Dynamics
The September 24, 2025 episode of TFTC features Jeff Walton explaining how Bitcoin-treasury companies use over-collateralized perpetual preferreds and converts to target fixed-income capital.
Corporate Bitcoin Treasury Evolution
On April 07, 2025, the Bitcoin for Millennials episode with Jeff Walton explored how corporations are rethinking treasury management by integrating Bitcoin as a long-term asset.
Navigating Financial Innovation in the Bitcoin Era
On January 31, 2025, What Bitcoin Did featured Jeff Walton discussing how MicroStrategy’s innovative use of ATM equity, convertible debt, and preferred stock is reshaping corporate balance sheets amid a prolonged Bitcoin scarcity.