Dylan LeClair breaks down the rise of Bitcoin treasury companies, why corporate adoption may be hitting a “gradually then suddenly” inflection point, and whether Michael Saylor’s lead is now insurmountable.

We get into how Metaplanet scaled from a few hundred Bitcoin to 16,000+, what’s driving premiums over NAV, and why public capital markets are becoming the biggest buyers of Bitcoin.

Dylan also explains Saylor’s latest innovation, “Stretch", and explains why this could transform corporate balance sheets and fixed income markets.

In this episode:

How corporate treasuries are competing in a winner-take-most market
Why premiums to NAV compress - and when they could expand again
The mechanics behind Stretch
How liquidity, interest rates, and credit markets drive Bitcoin price action

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Metaplanet, Strategy, and the Corporate Bitcoin Race | Dylan LeClair

What Bitcoin Did

Metaplanet, Strategy, and the Corporate Bitcoin Race | Dylan LeClair