#1577 Will Clemente & Ben Harvey | The Truth About Bitcoin Treasury Companies

The Pomp Podcast

Anthony Pompliano

Business, Investing

4.8 • 1.9K Ratings

🗓️ 21 July 2025

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Will Clemente and Ben Harvey from Keyrock discuss the big report they just put together on bitcoin treasury companies, what is going on with their premiums, how to think about debt, how to think about bitcoin per share, inflation, interest rates, and where the market is headed.

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Pomp writes a daily letter to over 265,000+ investors about business, technology, and finance. He breaks down complex topics into easy-to-understand language while sharing opinions on various aspects of each industry. You can subscribe at https://pomp.substack.com/

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Transcript

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0:36.3	And that's the buzz of Primes entertainment. What are we watching? Heads of State. That new action comedy with Idris Elba as the Prime Minister, John Sina as the President, and Priyanka Chopra Jonas as their only hope. It looks like a blast. From fast delivery to explosive entertainment, it's on Prime. For only 899 a month, join now. Content includes limited ads, subscription, or to renews. For more information, go to Amazon.com.com. U.K. slash Prime. What's up, everyone? This is Anthony Pompliano. Many of you know me as Pomp. You're listening to the Pomp podcast, which is my effort to find the most interesting people in the world and sit with them for hours while I ask questions in an effort to learn.
1:15.3	So it would mean the world to me if you would subscribe to the show on your favorite audio platform, watch episodes on YouTube, and tell your friends and family about the podcast.
1:24.3	My goal is to help millions learn from the world's most interesting people. So let's get
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1:35.1	his podcast are solely their opinions and do not reflect the opinions of Pomp investments.
1:39.5	You should not treat any opinion expressed by Pomp or his guest as a specific inducement to make a
1:45.2	particular investment or follow a particular strategy, but only as an expression of his personal
1:50.2	opinion. This podcast is for informational purposes only. What's going on, guys? In today's episode,
1:56.2	we have Will Clemente and Ben Harvey, both of Keyrock. They are here to explain to us about a big report they just put together on Bitcoin Treasury companies. They go into what's going on with the premiums, how to think about debt, how to think about Bitcoin per share and the growth is happening on that aspect of these businesses. And then we even get into the macro environment and worry about things like inflation, interest rates, and the frothiness in the market.
2:37.8	This conversation is a ton of content. You're probably not going to get anywhere else. So let me know on Twitter once you get done listening, what you agreed with and what you didn't agree with. Here's my latest conversation with Will Clemente and Ben Harvey. All right, guys, you guys just put out this brand new report. Bitcoin Treasury's Uncovered, which obviously is going to get everyone real excited. You talk about premiums leverage and the sustainability of proxy exposure. Will,
2:42.5	why don't you give us a quick rundown as to this big fat report that I read that had lots of data in it? What are like the main takeaways for people to understand about these Bitcoin
2:46.5	treasury companies that are now kind of assaulting Wall Street in the public market?
	...

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