Here’s my conversation with @TheBitcoin__ covering Bitcoin, macro, Strive, digital credit, AI, and the evolution of Bitcoin treasury companies.
TIMESTAMPS
0:00 Intro
2:47 Matt’s Bitcoin Journey
7:18 Leaving CalPERS and Building Strive
9:21 The Fight Against ESG and DEI
17:04
Most investors forget that Strive effectively owns a 2030 LEAP tied to our own common equity. If $ASST is above ~$102 at expiry, it maxes out at approximately $40M of value to Strive.
Not our biggest asset, but IMHO our most fun forgotten one.
FYI - Strive still owns the 2030 Capped Call acquired from the Semler M&A - which was designed to hedge equity dilution from the convertible note that is now 90% retired.
This means Strive now effectively owns a LEAP on our common stock $ASST.
Details from Semler filing:
Strive’s OG mission was restoring shareholder primacy & meritocracy across corporate America by crushing the fiduciary breaches happening via proxy advisors & large asset managers.
Job’s not done but great to see these fiduciary breaches get punished.
Great work @SECPaulSAtkins
The SEC has issued an enforcement action against ISS (the co that controls half the proxy voting outsource mkt and is known to push ESG on corporations) for not complying w a subpoena and refusing to hand over documents etc.
