Adam Back on Building The Bitcoin Standard Treasury Company

In this episode of Coin Stories, Natalie Brunell interviews Adam Back, CEO of the Bitcoin Standard Treasury Company, about Bitcoin treasury companies. Back discusses his journey into investing in these companies, starting with MicroStrategy's pioneering move to put cash reserves in Bitcoin as a hedge against inflation. He explains his rationale for investing in and ultimately leading a Bitcoin treasury company, emphasizing the potential for these companies to outperform Bitcoin itself through strategic financial maneuvers and leverage. Back also addresses skepticism towards the corporatization of Bitcoin, highlighting the unique advantages these companies offer in terms of capital raising and active management of Bitcoin holdings, and dives deep into the financial instruments used by MicroStrategy and the structure of Bitcoin Standard Treasury Company.