Bitcoin and corporate equity return dependencies
Explore how Bitcoin returns and corporate equity dependencies reveal asymmetric information flows and dynamic risk exposures.
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MicroStrategy
Research and commentary on MicroStrategy's Bitcoin treasury strategy, corporate finance, capital markets, and governance
Michael Saylor & Phong Le on Bitcoin-Linked Digital Credit and Bank Distribution
The March 4, 2026 episode of the Bitcoin Magazine podcast features Michael Saylor and Phong Le framing Bitcoin as digital capital with Strategy's “Stretch/STRC” positioned as digital credit above it.
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Bitcoin-Backed Digital Credit as a New Yield Layer
The February 25, 2026 MicroStrategy annual conference keynote by Michael Saylor has him arguing that Bitcoin functions as "digital capital" and can be transformed into a new class of Bitcoin-backed "digital credit."
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Michael Saylor on Bitcoin Critics, Credit Markets, and Volatility
The February 23, 2026 episode of Coin Stories features Michael Saylor arguing that Bitcoin’s recent drawdown resembles earlier mispricings of dominant technologies rather than a broken investment thesis.
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Bitcoin Treasury Strategies and the Limits of Credit Adoption
The January 12, 2026 episode of the What Bitcoin Did podcast features Michael Saylor discussing the evolution of Bitcoin treasury strategies and the growing focus on credit markets rather than short-term price action.
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Bitcoin Treasury Finance, Index Access, and Capital Market Scaling
The December 30, 2025 episode of the Coin Stories podcast features Andrew Kang explaining why Strategy continues to expand its Bitcoin treasury through capital-market engineering rather than operating cash flow.
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Bitcoin Treasury Finance, Yield Products, and Index Rules
The December 23, 2025 episode of Coin Stories features MicroStrategy's Phong Le explaining how a corporate Bitcoin treasury strategy increasingly relies on capital-markets instruments, liquidity reserves, and explicit risk framing rather than simple buy-and-hold messaging.
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Michael Saylor on Bitcoin-Backed Credit and the Next Institutional Cycle
The December 18, 2025 episode of the Galaxy Brains podcast features Michael Saylor arguing that leveraged derivatives can overpower spot demand and keep Bitcoin’s price disconnected from improving fundamentals.
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Bitcoin-Backed Credit, Digital Money, and State Power
The December 09, 2025 keynote at Bitcoin MENA (2025) features Michael Saylor outlining how Bitcoin-backed credit and digital money could reshape global banking.
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MicroStrategy, Leverage, and the Bullish Waiting Game
The December 08, 2025 episode of the Tim Kotzman Podcast features James Van Straten analyzing MicroStrategy’s leveraged Bitcoin treasury strategy and its current “bullish waiting game.”
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MicroStrategy's Bitcoin-Backed Corporate Capital Engine
The November 28, 2025 episode of What Bitcoin Did features Phong Le explaining how MicroStrategy has transformed into a leveraged Bitcoin treasury and credit platform.
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Rethinking Microstrategy (MSTR) Valuation
The November 04, 2025 episode of MSTR True North features Adam Livingston explaining why MSTR’s market value behaves like a sentiment multiple rather than a controllable “MNAV lever.”
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