Solana Treasury Firm Posts $66.6M Profit Despite Revenue Slump
DeFi Development reported a $66.6M Q3 profit despite a 47% revenue drop, driven by digital asset and derivative gains.
Strive's CRO Jeff Walton explains the firm's rapid bitcoin accumulation, balance sheet growth, and the warrants expiring October 13.
Bitcoin Magazine
Jeff Walton: How Strive Supercharged its Bitcoin Buying Strategy
Over the last month, Strive has ranked among the top performers in the Russell 2000, and Chief Risk Officer Jeff Walton reports the firm is set to double its bitcoin stash roughly every 12 weeks. In a discussion with Grace Remington and Sean Hagan, Walton details how Strive maintains liquidity while expanding at that clip, how the balance sheet reached $2.5 billion in total strength, and the role common stock and preferred ATMs play in fueling bitcoin purchases. He also examines the $700 million in warrants set to expire October 13 and the impact their exercise could have on leverage and future offerings. Walton wraps up by addressing the systemic credit risk he believes the market is underestimating.
Chapters:
00:00 — Jeff Walton Brings a Reinsurance Risk Playbook to Bitcoin
00:33 — Why a 24/7 On-Chain Market Is Easier to Model Than Equities
01:36 — Strive’s Russell 2000 Run and the $2.5 Billion Balance Sheet
02:15 — How the Common Stock and Preferred ATMs Fund Bitcoin Buys
03:54 — Staying Simple While Strategy and Metaplanet Stack Products
04:59 — Dividends, Cost of Capital, and Buying Bitcoin Near $86,000
06:19 — Why the Four-Year Bitcoin Cycle Is Fundamentally Breaking Down
08:26 — Trust as Capital Market Infrastructure and the Liquidity Test
10:28 — Inside Strive’s 25 to 50 Percent Bitcoin Hurdle Rate
12:07 — The Systemic Credit Event the Market Is Underpricing
DISCLAIMER: The views and opinions expressed in this show are those of the participants and do not necessarily reflect the official policy or position of BTC Inc., Bitcoin Magazine, or any affiliated entities. This content is provided for informational and educational purposes only and should not be construed as investment, legal, tax, or accounting advice. Nothing contained in this show constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or financial instruments. Viewers should consult their own advisors before making financial or business decisions.
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