In this week's Hurdle Rate, the crew breaks down Strive's latest 2,000 Bitcoin purchase, a Q3 that delivered a 99% total return, and the new $500 million SATA repurchase facility. They also discuss the goal of pushing amplification above 60% while Bitcoin is under $100K, why the market is too focused on the downside, and why US capital markets are the major leagues. The episode closes with a recap of the Bitcoin Treasuries Conference and why Luke Gromen's "paper gold" comparison doesn't fit digital credit.
Here's the latest with Matt Cole, Jeff Walton, Adam Livingston, and Tim Kotzman.
Timestamps:
00:00 - Intro
01:42 - Strive's Q3: 99% Total Return
07:56 - The $500M SATA Repurchase Facility
09:47 - Targeting 60% Amplification
11:23 - Managing Downside Risk
19:02 - Stop Fearing the Downside
25:43 - Think Bigger
32:58 - Why US Capital Markets Win
40:26 - Bitcoin Treasuries Conference Recap
47:11 - Bitcoiners vs. TradFi
53:47 - Luke Gromen's Digital Credit Confusion
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