What if corporate Bitcoin strategy is evolving beyond Strategy (MSTR)?

In this episode, we sit down with Scott Ellam, CEO of XCE Connecting Excellence Group, to break down a new model for Bitcoin treasury companies: the Dual Flywheel Strategy.

Instead of just raising capital to buy Bitcoin, XCE combines:

• A cash-flow generating executive recruitment business

• A Bitcoin treasury strategy• Bitcoin-denominated convertible bonds

• Performance-based share options tied to Bitcoin per share

This creates two compounding engines:

1️⃣ Operating revenue (Human Capital) flywheel

2️⃣ Bitcoin treasury (Digital Capital) flywheel

Together, they connect human capital to digital capital, and may represent the next evolution in corporate Bitcoin adoption.

We also cover:

- Scott’s Bitcoin journey (2016 → BTC-only)

- The 2020 money printing catalyst

- Why executive recruitment is uniquely suited for a Bitcoin standard

- How XCE’s Bitcoin-denominated bonds work

- ATM equity offerings and Bitcoin yield

- Why CEOs secretly want Bitcoin exposure

- The roadmap to 300–500 BTC and beyond

- How Bitcoin treasuries are innovating past the Strategy model

00:00 Introduction: Scott Ellam and XCE - Connecting Excellence

07:12 What XCE is + what Spencer Riley does (executive recruitment engine)

11:41 Does a Bitcoin treasury help recruit top talent?

16:57 Employee education + why people don’t need to be maximalists

22:51 Why big firms could copy it — but move too slowly

25:04 “Version 2.0” Bitcoin treasury company + the dual-flywheel model

27:08 ATM-style equity issuance: when XCE uses it to buy more Bitcoin

30:51 Preferred shares + pooled-Bitcoin idea (H100 concept) — Scott’s take

39:22 Bond mechanics deep dive: conversion, soft call, capped downside

44:04 Bitcoin executive recruitment division (placing talent into Bitcoin companies)

47:10 Where to follow Scott + XCE

48:29 One Chair outro_9-16_shortened.mp4

Follow our Guest:

- Scott Ellam: https://x.com/btconlyscott

- XCE - Connecting Excellence: https://x.com/XCEofficial

- XCE - Connecting Excellence: https://www.linkedin.com/company/xce-connecting-excellence/

- XCE - Connecting Excellence: https://xce.io/

🚨 EVENT 🚨 Make sure to get your One Chair Podcast Ticket!

- Front Run — The Bitcoin Treasuries Pre-Party: https://luma.com/FrontRun

Big thanks to Little Bubble for allowing us to use his song: "One Chair": https://open.spotify.com/track/0XW7JgR2Nlg7WXGOeVT64h?si=a344b82984f74f81

DISCLAIMER: This is not is financial advice. This podcast is for educational and entertainment purposes only.

Thank you for listening!

Follow us on:

- X: https://x.com/OneChairPod

- Youtube: https://www.youtube.com/@OneChairPod

Strategy (MSTR) is buying Bitcoin aggressively in the bear market, and STRC might be their most powerful weapon yet.

In this episode of One Chair, we break down Strategy’s latest Bitcoin purchases after raising $169M through STRC issuance + common stock ATM, allowing them to acquire roughly 2,500 BTC at an average price near $67,000.

We also dive into why STRC has stayed pegged around $100 even while Bitcoin is down ~30%, how Strategy is using dividend adjustments (now 11.25%) to stabilize the product, and why this structure could become a long-term Bitcoin accumulation machine regardless of market conditions.

On top of that, we cover Metaplanet’s explosive 2025 results, including 700%+ revenue growth, major increases in net assets, and their aggressive Bitcoin targets of 100,000 BTC in 2026 and 210,000 BTC by 2027 — plus what their upcoming preferred share strategy could mean.

Finally, we zoom out to the broader Bitcoin treasury landscape, discussing how companies like Capital B, H100, and ArcadiaB are positioning themselves to scale Bitcoin accumulation once the market turns.

00:00 Strategy raises $169M (STRC + MSTR ATM) to buy ~2,500 BTC

01:21 STRC “amplification effect” (dividends + upside exposure)

06:17 Metaplanet 2025 results: +700% revenue, 26x assets, 500% BTC yield

09:59 Bitcoin treasury companies in a bear market (who’s still building?)

12:48 Strategy World Vegas update + final thoughts

🚨 EVENT 🚨 Make sure to get your One Chair Podcast Ticket!- Front Run — The Bitcoin Treasuries Pre-Party: https://luma.com/FrontRun

Big thanks to Little Bubble for allowing us to use his song: "One Chair": https://open.spotify.com/track/0XW7JgR2Nlg7WXGOeVT64h?si=a344b82984f74f81

DISCLAIMER: This is not is financial advice. This podcast is for educational and entertainment purposes only.

Thank you for listening!

Follow us on:

- X: https://x.com/OneChairPod

- Youtube: https://www.youtube.com/@OneChairPod

Bitcoin Treasuries 2.0 is here, and the next financial revolution may be built on Bitcoin-backed credit.

In this episode, we sit down with Sander Andersen, founder behind H100 Group, to break down the future of Bitcoin treasury companies, how they raise capital, and why the next wave of innovation could come from Bitcoin-backed credit products, preferred shares, and institutional-grade collateral structures.

Sander explains how H100 evolved from a HealthTech company into a Bitcoin treasury vehicle, why Sweden became the launchpad, and how a new concept — a Bitcoin Treasury Alliance — could unlock massive scale by pooling Bitcoin balance sheets across public and private companies.

We also dive into why institutions demand scale, what the preferred share model means for the market, and why Switzerland could become one of the most important hubs for Bitcoin treasury infrastructure in Europe.

If you want to understand the next phase of Bitcoin adoption — beyond ETFs — this episode is a must-watch.

Topics Covered:

✅ Bitcoin Treasury Companies Explained

✅ H100’s Strategy & Capital Raising Model

✅ Convertible Bonds & Bitcoin Upside

✅ Preferred Shares (Strategy / Metaplanet-style products)

✅ The Bitcoin Treasury Alliance Concept

✅ Institutional Demand for Scale

✅ Switzerland Expansion & Future Holdings LOI

✅ Bitcoin Market Outlook & Treasury 2.0

✅ Bitcoin as Collateral: The Coming Credit Revolution

✅ The Future of Bitcoin Finance & Tokenization

00:00 Introduction: Sander Andersen

02:52 How H100 was born (HealthTech roots + Bitcoin strategy)

06:19 Building in a Bear Market: Strategies and Initiatives

10:29 The Bitcoin Treasury Alliance idea (shared BTC collateral model)

12:55 Why institutions demand bigger Bitcoin balance sheets

15:35 Can private companies & individuals join the alliance too?

19:24 Future Holdings LOI: H100’s move into Switzerland

22:49 Bitcoin market outlook: fear, ETFs, and the next cycle setup

28:52 Bitcoin as collateral: the credit revolution explained

33:11 Mental health advice for Bitcoiners in bear markets

37:55 Final Thoughts and Mental Health in Crypto

Follow our Guest:

- Sander Andersen: https://x.com/Sanderandersenn

- H100: https://x.com/H100Group

- H100: https://www.h100.group/

🚨 EVENT 🚨 Make sure to get your One Chair Podcast Ticket!

- Front Run — The Bitcoin Treasuries Pre-Party: https://luma.com/FrontRun

Big thanks to Little Bubble for allowing us to use his song: "One Chair": https://open.spotify.com/track/0XW7JgR2Nlg7WXGOeVT64h?si=a344b82984f74f81

DISCLAIMER: This is not is financial advice.

This podcast is for educational and entertainment purposes only.

Thank you for listening!

Follow us on:

- X: https://x.com/OneChairPod

- Youtube: https://www.youtube.com/@OneChairPod

Bitcoin just crashed to $60K, and Strategy (MSTR) still kept buying. But why didn’t they buy the dip at the bottom?

In this episode, we break down Strategy’s latest $90M ATM issuance, their 1,142 BTC purchase at ~$79K, and what this means for their Bitcoin treasury model moving forward.

We also dive deep into the growing importance of STRC (Strategy’s preferred stock), why trading volume is surging, and how Strategy may be on the verge of unlocking another massive round of Bitcoin accumulation.

Despite brutal market sentiment, the key takeaway is clear: the Bitcoin Treasury model is still working and preferreds are proving it.

In this episode:

✅ Strategy’s latest Bitcoin buy explained

✅ Why MSTR didn’t buy BTC at $60K

✅ STRC preferred stock recovery + volume spike

✅ mNAV rebound: is the turnaround starting?

✅ Could Strategy buy 50,000 BTC in a single week?

✅ Earnings call recap + leadership shift signals

✅ Why issuing shares at low mNAV may still be bullish

For the first time in a long time, Bitcoin is trading below Strategy’s average purchase price, meaning every BTC bought now lowers their cost basis, setting up a potentially explosive next leg higher.

Fear is extreme. Preferred volume is rising. mNAV is turning.

Is Strategy about to go on another buying spree?

00:00 MSTR Buys $90M Bitcoin

01:50 STRC Rebound Signals New ATM Window

03:19 50,000 BTC Buy Incoming?

05:52 Strategy's Earnings Call Insights

08:40 Why Common Share ATM Issuance Still Works

10:11 mNAV Reversal Confirmed?

11:26 Market Sentiment and Future Outlook

🚨 EVENT 🚨 Make sure to get your One Chair Podcast Ticket!- Front Run — The Bitcoin Treasuries Pre-Party: https://luma.com/FrontRun

Big thanks to Little Bubble for allowing us to use his song: "One Chair": https://open.spotify.com/track/0XW7JgR2Nlg7WXGOeVT64h?si=a344b82984f74f81

DISCLAIMER: This is not is financial advice. This podcast is for educational and entertainment purposes only.

Thank you for listening!

Follow us on:

- X: https://x.com/OneChairPod

- Youtube: https://www.youtube.com/@OneChairPod

AI is moving faster than anyone expected… and it may trigger the biggest economic shift in human history.

In this episode, we sit down with Cern Basher to break down why Tesla Optimus humanoid robots, Tesla Robotaxis, and AI agents could double GDP, reshape global labor markets, and accelerate a Bitcoin supercycle.

We also dive deep into why Bitcoin may become the world’s AI security layer, acting as a real-world constraint system for autonomous bots operating online. If AI consumes compute… and Bitcoin prices compute… what happens when trillions of AI agents enter the economy?

We cover:

✅ Tesla Optimus mass production timeline (1M → 10M robots/year)

✅ Why Robotaxis could scale faster than expected

✅ SpaceX + xAI merger rumors (and what it means for Tesla)

✅ The real reason Bitcoin could become AI’s preferred money

✅ MSTR / Strategy’s Bitcoin treasury flywheel (STRC + ATM strategy)

✅ Nvidia, capital intensity, and why buybacks may be a mistake

✅ Why governments may be forced to print money in an AI-deflation world

✅ How Bitcoin could become the “firewall” of the internet

This conversation is packed with bold predictions, hard math, and a long-term view on where AI and Bitcoin are headed.

00:00 Introduction Cern Basher

00:50 AI Agents Pick Bitcoin (It’s Already Happening)

01:40 Elon’s Master Plan: xAI + SpaceX + Tesla Merger?

05:13 Why Bitcoin Might Be the BEST AI Investment

09:21 “AI Consumes Compute… Bitcoin Prices Compute”

12:25 MSTR / Strategy: Why Bitcoin Treasury Companies Win

17:54 Strategy’s New Flywheel: STRC + ATM Explained

23:43 Elon Predicts Double-Digit GDP Growth (Is He Right?)

33:34 Tesla Optimus Timeline: 1M → 10M Robots Per Year

38:55 Tesla Robotaxis Are Scaling FAST (Doubling Every Month?)

41:50 Why Robotaxi Delays Don’t Matter (Tesla Still Wins)

45:25 When Will Tesla Start Buying Bitcoin Again?

48:44 Nvidia + Bitcoin? Big Tech May Flip Soon

51:56 Why Most People STILL Don’t Understand Bitcoin

54:39 US Military Studying Bitcoin for Cybersecurity?

58:06 Final Warning: Every Country Must Build Robot Factories

Follow our Guest:

- Cern Basher: https://x.com/CernBasher

- Cern Basher: https://www.youtube.com/@CernBasher

- Brilliant Advice: https://www.brilliantadvice.net/

Big thanks to Little Bubble for allowing us to use his song: "One Chair": https://open.spotify.com/track/0XW7JgR2Nlg7WXGOeVT64h?si=a344b82984f74f81

DISCLAIMER: This is not is financial advice. This podcast is for educational and entertainment purposes only.

Thank you for listening!

Follow us on:

- X: https://x.com/OneChairPod

- Youtube: https://www.youtube.com/@OneChairPod

Bitcoin is crashing, sentiment is collapsing, and the market is filled with rumors that Strategy (MSTR) could be forced to sell Bitcoin. Matt Cole (CEO of Strive) explains why that narrative is pure FUD.

In this episode, we sit down with Matt Cole to break down the Bitcoin bear market, why he believes this drawdown will likely be shorter than past cycles, and how Bitcoin treasury companies like Strategy and Strive are using digital credit / preferred equity to survive volatility without liquidation.

Matt also shares his incredible story: from managing $70B in fixed income at CalPERS (America’s largest pension fund) to going 100% Bitcoin, and explains why he believes the U.S. debt crisis and QE make Bitcoin’s long-term fundamentals stronger than ever.

We also go deep into Strive’s merger with Semler Scientific, how they retired debt so quickly, why they built a USD reserve, and what the MSTR + STRC preferred strategy means for the future of Bitcoin treasury companies.

If you’re watching Bitcoin, MSTR, or the next wave of corporate Bitcoin adoption, this is a must-watch.

00:00 Introduction: Matt Cole

01:15 Matt Cole’s Story: From CalPERS ($70B) to 100% Bitcoin

06:04 Bitcoin Below $75K: Why Matt Isn’t Worried

10:16 Bear Market Shakeout: Which Bitcoin Treasury Companies Survive

16:18 Digital Credit + Preferreds: The Strategy to Avoid Liquidation

18:18 Why Strive Built a USD Reserve (and Strategy Copied It)

24:39 Credit Ratings: Why S&P’s MSTR Rating Makes No Sense

29:36 Strive x Semler Deal: Why They Merged + Debt Payoff Plan

41:43 “Why Replace 4% Debt With 12% Preferreds?” Explained

45:35 Why Strive’s SATA Band Is Wider Than Strategy’s

48:54 Will Strive Launch More Preferred Products?

50:57 Final Thoughts: Why This Bear Market Is a Huge Opportunity

52:38 Polymarket Betting on MSTR Bankruptcy (Matt Reacts)

🚨 EVENT 🚨 Make sure to get your One Chair Podcast Ticket!

- Front Run — The Bitcoin Treasuries Pre-Party: https://luma.com/FrontRun

Big thanks to Little Bubble for allowing us to use his song: "One Chair": https://open.spotify.com/track/0XW7JgR2Nlg7WXGOeVT64h?si=a344b82984f74f81

Follow our Guest:

- Matt Cole: https://x.com/ColeMacro

- Strive: https://x.com/strive

- Strive: https://strive.com/

DISCLAIMER: This is not is financial advice. This podcast is for educational and entertainment purposes only.

Thank you for listening!

Follow us on:

- X: https://x.com/OneChairPod

- Youtube: https://www.youtube.com/@OneChairPod

Gen Z was handed a broken financial system — but Bitcoin might be the escape.

In this episode, we sit down with Halston Valencia, co-founder of Bolt and marketing lead at Bitcoin Well, to break down why college never taught us how money really works, how Bitcoin treasuries are changing finance, and why Bitcoin represents hope for the next generation.

We talk about:

- Why Gen Z feels locked out of the system

- The book universities don’t want you reading (Broken Money)

- Strategy, Michael Saylor, and the Bitcoin treasury revolution- Why most Bitcoin treasury companies won’t survive

- Digital credit, ETFs, and the difference between Bitcoin exposure vs ownership

- Self-custody without overwhelming people

- Why Bitcoin + AI is the biggest opportunity of our lifetime

This conversation is about escaping a broken system, not chasing hype.

Whether you’re new to Bitcoin or deep in the space, this episode will change how you think about money, credit, and the future.

00:00 Introduction: Halston Valencia

00:41 The Book Universities Don’t Want You Reading (Broken Money)

03:37 How Strategy & Saylor Changed Bitcoin Forever

04:25 Only a Few Bitcoin Treasury Companies Will Survive

05:50 Strategy’s New Products: Stretch, Yield & Digital Credit

07:29 BOLT: The Tool Teaching Bitcoin What Schools Won’t

12:41 Gen Z Building Bitcoin Tools (BitcoinQuant, APIs, Dashboards)

15:42 Why Bitcoin Maximalists Are Missing the Bigger Picture

19:31 2026 Outlook: Volatility, ETFs & the Money Printer

25:41 Bitcoin, AI & the Biggest Opportunity of Our Lifetime

28:35 Final Message to Gen Z + Where to Find BOLT

🚨 EVENT 🚨 Make sure to get your One Chair Podcast Ticket!

- Front Run — The Bitcoin Treasuries Pre-Party: https://luma.com/FrontRun

Big thanks to Little Bubble for allowing us to use his song: "One Chair": https://open.spotify.com/track/0XW7JgR2Nlg7WXGOeVT64h?si=a344b82984f74f81

Follow our Guest:

- Halston Valencia: https://x.com/halstonvalencia

- BOLT: https://x.com/staybolted

- BOLT: https://staybolted.com/

DISCLAIMER: This is not is financial advice. This podcast is for educational and entertainment purposes only.

Thank you for listening!

Follow us on:

- X: https://x.com/OneChairPod

- Youtube: https://www.youtube.com/@OneChairPod

Bitcoin is crashing but Strategy (MSTR) isn’t slowing down.

While markets panic and Bitcoin drops toward key levels, Strategy just bought more Bitcoin, raised capital, and kept its STRC dividend flywheel running.

In this episode, we break down:

- Why Strategy keeps buying Bitcoin during a market crash

- How STRC dividends allow continued accumulation even at lower prices

- Why liquidation fears around MSTR are completely misunderstood- What Bitcoin trading near Strategy’s average cost actually means

- Why this downturn could be very different from the last bear market

Despite Bitcoin falling below $80K and stocks selling off, Strategy’s preferreds are holding up, volumes are rising, and the flywheel is still on. If STRC returns to par, Strategy may be positioned to accumulate Bitcoin more aggressively than ever.

This video cuts through the noise, debunks the myths, and explains what really matters for Bitcoin, MSTR, and STRC in the weeks ahead.

🚨 EVENT 🚨 Make sure to get your One Chair Podcast Ticket!- Front Run — The Bitcoin Treasuries Pre-Party: https://luma.com/FrontRun

00:00 Strategy Keeps Buying Bitcoin (MSTR Update)

03:35 STRC Dividend Update — Why It’s Holding During the Crash

05:10 Market Sentiment and Price Sensitivity of STRC

05:39 Can Strategy Buy Bitcoin Aggressively Below $80K?

08:59 Bitcoin Liquidation Myths Debunked

11:38 Why This Bear Market Is Different

Big thanks to Little Bubble for allowing us to use his song: "One Chair": https://open.spotify.com/track/0XW7JgR2Nlg7WXGOeVT64h?si=a344b82984f74f81

DISCLAIMER: This is not is financial advice. This podcast is for educational and entertainment purposes only.

Thank you for listening!

Follow us on:

- X: https://x.com/OneChairPod

- Youtube: https://www.youtube.com/@OneChairPod

Bitcoin treasury companies are one of the most controversial topics in Bitcoin today and also one of the most misunderstood.

In this episode, we sit down with Boyd Cohen, CSO of ArcadiaB (the first Bitcoin treasury company in Mexico) and author of Bitcoin Singularity, to break down why Bitcoin treasury companies actually ACCELERATE adoption, even if you hate them.

From banks flipping on Bitcoin, to Walmart accepting BTC, to pension funds, family offices, and fixed-income Bitcoin products, Boyd explains why Bitcoin is crossing the chasm into the mainstream faster than most people realize.

In this interview, we cover:

• Why Bitcoin treasury companies aren’t “paper Bitcoin”

• How treasury companies bring Bitcoin to banks, pensions, and institutions

• Why maxis may be wrong about treasury companies• How Bitcoin adoption is accelerating globally

• Why fiat — not capitalism — is the real problem

• Mexico’s role in the next wave of Bitcoin adoption

• Bitcoin-backed lending, preferred shares, and BTC fixed income

• The “Bitcoin Singularity” and what comes next

This conversation is a must-watch if you care about Bitcoin adoption, institutional demand, treasury strategies, or the future of money.

🚨 EVENT 🚨 Make sure to get your One Chair Podcast Ticket!

- Front Run — The Bitcoin Treasuries Pre-Party: https://luma.com/FrontRun

Big thanks to Little Bubble for allowing us to use his song: "One Chair": https://open.spotify.com/track/0XW7JgR2Nlg7WXGOeVT64h?si=a344b82984f74f81

Follow our Guest:

- Boyd Cohen: https://x.com/boydcohen

- ArcadiaB: https://x.com/arcadiabtc

- ArcadiaB: https://www.arcadiab.com/

DISCLAIMER: This is not is financial advice. This podcast is for educational and entertainment purposes only.

Thank you for listening!

Follow us on:

- X: https://x.com/OneChairPod

- Youtube: https://www.youtube.com/@OneChairPod

Strategy (MSTR) just bought another $264 million worth of Bitcoin, even as markets turn bearish and sentiment collapses. In this episode of One Chair, we break down what this latest MSTR Bitcoin purchase really means, why STRC has de-pegged from $100, and whether a STRC dividend hike is about to restart Strategy’s Bitcoin flywheel.

We also discuss:

• Why Strategy’s Bitcoin buying slowed last week

• How STRC’s de-peg could impact future Bitcoin accumulation

• Whether Michael Saylor might raise STRC dividends by 25–50 bps

• The upcoming earnings blackout period and what it means for new buys

• Why Strategy is still issuing stock above book value

• Strive’s aggressive move to retire convertible debt using preferred shares

• What all of this means for Bitcoin treasury companies

• Macro fear, geopolitics, tariffs, and market sentiment

• Why long-term Bitcoin fundamentals still look bullish

Despite weak Bitcoin price action and negative sentiment, Strategy continues stacking BTC — showing just how committed they are to their Bitcoin treasury strategy.

00:00 Strategy’s latest $264M Bitcoin buy

02:30 STRC de-peg & dividend hike speculation

06:39 Strive's Aggressive Fundraising Strategy

09:40 Final thoughts & long-term outlook

Big thanks to Little Bubble for allowing us to use his song: "One Chair": https://open.spotify.com/track/0XW7JgR2Nlg7WXGOeVT64h?si=a344b82984f74f81

🚨 EVENT 🚨 Make sure to get your One Chair Podcast Ticket!

- Front Run — The Bitcoin Treasuries Pre-Party: https://luma.com/FrontRun

DISCLAIMER: This is not is financial advice. This podcast is for educational and entertainment purposes only.

Thank you for listening!

Follow us on:

- X: https://x.com/OneChairPod

- Youtube: https://www.youtube.com/@OneChairPod