Why Treasury Companies are Still an Attractive Investment
summary
Bitcoin sits near $96K and many treasury stocks are trading below NAV, which the panel calls a buying opportunity because discounts enable M&A & buybacks and non‑dilutive raises like Strategy bonds. Examples cited: Strive’s recent acquisition of Sema at steep NAV math, MicroStrategy and Metaplanet bond/ATM tactics, and companies that keep aggressively stacking sats through convertibles, credit lines and listed bond issuance; allocators note a common 10% portfolio sizing and $45M+ venture interest.
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chapters (10)
- 0:00DigitalX, Allocations, Twenty One
- 1:09Blood in the Streets? BTC at $96K & Macro Pullback
- 2:23Volatility as Feature: Accreting BTC in Dips
- 3:08Macro vs BTC Price: 50/50 Beta for Treasuries
- 4:24Trading Below NAV: Irrationality & Arbitrage
- 7:14Pure Plays vs Hybrids
- 8:27M&A & Buybacks: Strive, Metaplanet Opportunities
- 11:00Global Plays: US Credit, Japan ATMs, Europe Bonds
- 16:4310% Portfolio Allocation Strategy
- 19:35Strategy, Metaplanet, Capital B
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