In episode 6 of the Bitcoin for Corporations Show, Pierre Rochard sits down with Alex Thorn, Head of Research at Galaxy Digital, for a wide-ranging and high-signal discussion on the emerging wave of Bitcoin treasury strategy companies.Thorn breaks down the mechanics of Strategy's (formerly MicroStrategy) success, the role of financial engineering, and how Michael Saylor created a model that's difficult—if not impossible—for others to replicate. He introduces the concept of a "great filter" facing the next generation of Bitcoin-focused public companies: only a few will pass through it.⭐ This episode of the Bitcoin for Corporations Show is sponsored by Ledn, a leading provider of Bitcoin-backed loans.👉 Visit their website at https://www.ledn.io/ to learn more!Chapters:00:00 – Pierre Rochard & Alex Thorn at the BPI Summit01:45 – From MicroStrategy to MetaPlanet: Bitcoin treasury strategies emerge04:10 – Shareholder value, buybacks, and Bitcoin: shifting capital allocation06:00 – Why miners are becoming treasury companies09:00 – Financial engineering behind Sailor’s success11:00 – Can others replicate MicroStrategy’s playbook?12:30 – The coming saturation of corporate Bitcoin strategies14:00 – Why Bitcoin is unlike any commodity15:30 – IPO window and reverse mergers for crypto firms16:15 – Where we are in the 2025 Bitcoin market cycle17:30 – Why long-term holders are anchoring this cycle21:15 – Final thoughts: retail is still sleeping on Bitcoin🔶 Learn more about Bitcoin for Corporations and join our Network: https://b.tc/corporations🔶 Connect with Alex Thorn on X: https://x.com/intangiblecoins🔶 Connect with Pierre Rochard on X: https://x.com/BitcoinPierre#Bitcoin #AlexThorn #BitcoinforCorporations #Markets #Investing #PierreRochard #Saylor #BitcoinTreasury #MicroStrategy #btcetf #GalaxyDigital #MSTR #CryptoFinance #corporatebitcoin DISCLAIMER: The views and opinions expressed in this show are those of the participants and do not necessarily reflect the official policy or position of BTC Inc., Bitcoin Magazine, Bitcoin for Corporations, or any affiliated entities. This content is provided for informational and educational purposes only and should not be construed as investment, legal, tax, or accounting advice. Nothing contained in this show constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or financial instruments. Viewers should consult their own advisors before making financial or business decisions.