Research area
The December 10, 2025 episode of What Bitcoin Did features Jeff Walton explaining how Bitcoin treasury companies are evolving from simple “sell equity, buy Bitcoin” strategies into complex, yield-bearing balance sheets.
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The November 27, 2025 episode of the Bitcoin for Millennials podcast features Jeff Walton explaining how corporate balance sheets can mount a long-horizon speculative attack on the dollar by borrowing fiat and accumulating Bitcoin.
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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.
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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.
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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.
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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.
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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.
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