BITCOIN SEASON 2: Saylor Is Lapping The Bitcoin Treasury Competition

CoinDesk Podcast Network

CoinDesk

Tech News, Business News, Daily News, News

4.7 • 698 Ratings

🗓️ 26 July 2025

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Analyzing MicroStrategy's new preferred stock strategy that requires $400M in annual dividends while their core business only generates $111M in revenue. Are Bitcoin treasury companies creating a bubble? Michael Saylor's controversial pentagram post and MicroStrategy's pivot to preferred stocks. With 145+ companies now adopting Bitcoin treasury strategies and institutions holding 10% of all Bitcoin, we explore whether this paper Bitcoin summer represents genuine adoption or a dangerous leveraged bubble waiting to burst. Subscribe to the newsletter! https://newsletter.blockspacemedia.com **Notes:** • MicroStrategy owes $400M annually in dividends • Core business only generates $111M revenue • 145 Bitcoin treasury companies now exist • Institutions hold 10% of Bitcoin supply • Daily institutional buying 10x mining rate • Treasury companies bought 39K BTC/month Timestamps: 00:00 Start 00:48 Bitcoin's "Defense Dept" 03:04 Preferred stock pivot 04:40 Where does the yield come from? 07:29 Dividends can't come from company profits 19:22 MSTR memes - 👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

Click on a timestamp to play from that location

0:00.0	At Matalan, the one you've been waiting for is here. The big sale is now even bigger, with up to 70% off in the final reductions. It's your chance to save big across women's men's kids and home. Shopping store now or online at matelan.com.uk. Seasonse apply.
0:20.9	Hey everyone. Charlie here.
0:22.9	We're running a quick survey.
0:24.5	We want to better understand who our listeners are.
0:27.4	Do me a huge favor and fill out that survey.
0:29.9	It takes under a minute and the link is in the show description.
0:33.2	This helps us make better content for you.
0:35.5	Thanks a ton for listening.
0:36.8	Link in the show notes.
0:38.9	Michael Saylor announces the Bitcoin Defense Department.
0:42.9	Yes, that is actually five points of the micro strategy big boy, big idea play to secure
0:52.0	your paper Bitcoin because it's paper, Bitcoin, summer.
0:56.6	All of that seems like gobbledy gook to you.
0:59.3	Stay on the line.
1:00.4	We're going to talk about it on Bitcoin Season 2.
1:08.9	Okay, we're back.
1:10.3	It's Bitcoin Season 2 Riders Room.
1:12.0	We are the screenwriters for Bitcoin Season 2.
1:14.3	It feels like a movie.
1:16.0	Last night was a movie.
1:17.9	And this is the morning after.
1:20.6	We're going to talk about Michael Saylor's crazy post this week, Colin.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CoinDesk, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CoinDesk and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.