I thought Bitcoin treasury companies were just speculative bets to chase higher returns than Bitcoin. But after digging deeper into MicroStrategy, Metaplanet, and Mark Moss’s 7-point evaluation framework, I realized I might have been looking at them all wrong. I break down why Bitcoin treasury companies could disrupt the $300T bond market, how they could be used for cashflow, the risks of debt and dilution, and what I’m personally doing with my portfolio. 𝐄𝐏𝐈𝐒𝐎𝐃𝐄 𝐋𝐈𝐍𝐊𝐒 & 𝐑𝐄𝐒𝐎𝐔𝐑𝐂𝐄𝐒: https://jakewoodhouse.link/JWP95-Links/Resources 𝐓𝐈𝐌𝐄𝐒𝐓𝐀𝐌𝐏𝐒: 0:00 – Bitcoin Treasury Companies vs Bitcoin 1:30 – What Are Bitcoin Treasury Companies? 4:36 – What’s Your Measuring Stick for Wealth? 5:53 – Bitcoin as Cash, Cashflow, and Capital Growth 7:13 – Why Bitcoin Treasury Companies Are Speculative Bets 11:31 – The Calm Before the Storm 13:11 – MSTR, Metaplanet & Semler Scientific Breakdown 16:41 – Mark Moss’s 7-Point Framework (mNAV Explained) 18:29 – Bitcoin Holdings & Disclosure Clarity 19:15 – Why the Management Team Matters Most 20:08 – Debt, Credit, and Liquidation Risk in Bitcoin Companies 21:47 – The Bitcoin Yield Metric 22:17 – Understanding Bitcoin Torque 22:54 – R Squared: Tracking Correlation 24:04 – Bitcoin Tiered Exposure Explained 25:20 – MSTR’s “Bitcoin Transmission” (Preston Pysh) 28:10 – Bitcoin Treasury Companies as Fixed Income Plays 30:42 – How Bitcoin Treasury Companies Handle Bear Markets 32:09 – Treasury Companies in Australia vs Japan vs USA 35:19 – Coming Interest Rate Cuts & Market Impact 36:13 – What I’m Doing With Bitcoin Treasury Companies 42:59 – How to Connect With the Show New episodes every week. Let's learn together. If you want to learn more or connect, visit my website: https://jakewoodhouse.io/