In this episode, Nik welcomes Strive CEO Matt Cole to unpack the $750 million raise that positions Strive as one of the largest corporate bitcoin holders. Matt explains why the firm rejected convertible debt, chose a reverse merger over a SPAC, and is building a long-term bitcoin strategy rooted in institutional discipline. Drawing on his experience managing $70 billion at CalPERS, he shares how direct exposure to Fed operations and quiet debt monetization shaped his conviction in bitcoin. They discuss why fiat currencies are in slow-motion default, how stablecoin regulation could backfire, and what sets Strive apart in the next evolution of bitcoin treasuries.

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Nik Bhatia's Twitter: https://twitter.com/timevalueofbtc
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