About this episode

The episode discusses recent developments in the Bitcoin market, corporate strategies, and the implications of digital credit.

In this week's Hurdle Rate, the crew breaks down the latest corporate Bitcoin market activity and Strive's growing Bitcoin holdings, before turning to Strategy's Bitcoin sale and what the balance sheet math actually reveals about risk and permanent impairment. We dig into historical bear market scenarios, how to manage amplification ratios, and the product management and demand dynamics shaping the treasury company landscape. We close with a deeper look at what digital credit actually is, and why it matters for the road ahead.Full episodes: https://tnorth.com/hurdle-rateTimestamps00:00 Welcome to the Hurdle Rate Podcast01:44 Market Acceleration and USD Reserves06:04 Holistic Capital Structure Strategy12:20 Designing Long-Term Capital Vehicles17:21 Analyzing Recent Bitcoin Flows18:11 SpaceX IPO and Major Capital Events29:18 Bitcoin on Institutional Balance Sheets36:51 Takeaways from Bitcoin Prague41:20 Onboarding New Investors via Digital Credit

More episodes of The Hurdle Rate Podcast

• Episode 66: Social Investing · July 21, 2026 · 59 min
• Episode 65: Shifting Institutional · July 14, 2026 · 58 min
• Episode 64: Building The Track Record · July 7, 2026 · 45 min
• Episode 63: The Digital Credit Capital Framework · June 30, 2026 · 1h 14m
• Episode 62: Digital Credit Weakness · June 22, 2026 · 54 min

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