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TFTC: A Bitcoin Podcast

#664: MicroStrategy's Perpetual Preferred Strategy Explained with Jeff Walton

TFTC: A Bitcoin Podcast

Marty Bent

Technology

4.8764 Ratings

🗓️ 24 September 2025

⏱️ 70 minutes

🧾️ Download transcript

Summary

Marty sits down with Jeff Walton to discuss his transition from reinsurance to Bitcoin treasury strategies at Strive, their cashless acquisition of Semler Scientific, and how companies are revolutionizing corporate finance by building Bitcoin war chests through innovative capital market structures.

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Transcript

Click on a timestamp to play from that location

0:00.0

You've had a dynamic where money has become freer than free.

0:10.0

If you talk about a Fed just gone nuts, all the central banks going nuts.

0:16.0

So it's all acting like safe haven.

0:18.0

I believe that in a world where central bankers are tripping over themselves to devalue their

0:23.5

currency, Bitcoin wins.

0:25.3

In the world of fiat currencies, Bitcoin is the victor.

0:29.2

I mean, that's part of the bold case for Bitcoin.

0:31.8

If you're not paying attention, you probably should be.

0:36.3

Jeff Walton, welcome back to the show. you happy to be here a lot has changed since the

0:42.3

last time you're here it was eight months ago and i i believe if i recall correctly

0:46.8

you were telling me off air that you were about to leave your reinsurance business to jump

0:51.9

full uh full speed ahead into the Bitcoin world,

0:55.7

to the Bitcoin Treasury world.

0:58.0

It's apropos that we're meeting here, September 23rd.

1:01.0

Yesterday, September 22nd, you tweeted out eight months ago.

1:03.8

I was selling reinsurance this weekend.

1:05.7

The entire strive team worked tirelessly, work tirelessly to acquire a company that holds

1:10.2

5,021 Bitcoin in a cashless

1:12.3

transaction that will be in M&A case studies for years to come.

1:16.1

The world is changing fast.

1:17.6

You can just do things.

1:19.0

You're doing things.

...

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