Episode 15 – Financial Engineering 101

$MSTR True North Episode 15 – Financial Engineering 101

2:06:59 | Jan 29, 2025

🧭 MSTR True North Episode 15: The crew explores MicroStrategy’s financial strategies, Bitcoin treasury management, preferred stock offering, and market trends. Other key areas include financial engineering, leverage, and corporate Bitcoin adoption in this in-depth discussion.

🎛️ As of this recording, 1/29/25, MicroStrategy’s (MSTR) performance:

• Open: $338.20
• Close: $341.25
• Volume: 11,675,200 shares
• mNAV: 1.76
• Market Cap: $85.53B
• S&P 500 Rank: 112
• BTC: 471,107

⏱️ Timestamps & Insights:

• 00:00 – Introduction: Overview of MicroStrategy & discussion objectives
• 03:40 – Preferred Equity 101: Ben Workman explains key financial concepts
• 06:41 – “The Battlefront”: MicroStrategy’s deleveraging strategy
• 10:25 – Bitcoin’s Role in Balance Sheet Strength: Why BTC price impacts stability
• 13:42 – S&P 500 Inclusion Debate: How Bitcoin holdings affect eligibility
• 17:23 – Bitcoin’s Game Theory Intensifies: Adoption acceleration & institutional resistance
• 20:11 – Two Treasury Models: Buy & hold vs. financial engineering approach
• 24:28 – Leverage & Volatility: How Bitcoin price movements impact corporate balance sheets
• 28:36 – Bulls vs. Bears in Valuation Debates: Bitcoin’s role in earnings reports
• 33:42 – Preferred Stock Offering (Strike): Structure, pricing & purpose
• 37:52 – How ATMs Fund Dividends & Bitcoin Purchases: A dual approach
• 42:05 – Preferred Stock vs. Common Stock: Risks & advantages in bankruptcy
• 46:27 – SAB 121 Repeal & Banking Rules: Bitcoin custody implications
• 50:44 – Bitcoin as Collateral for Loans: How corporations may leverage holdings
• 55:20 – Who Buys Preferred Stock?: Institutional vs. retail investors
• 01:05:31 – Convertible Debt vs. Preferred Stock: Understanding capital structure
• 01:16:01 – Japan’s Bitcoin Strategy: Meta Planet’s impact in the Japanese market
• 01:21:47 – Bitcoin as a Risk-On vs. Risk-Off Asset: How market conditions shape perception
• 01:27:52 – Building a Capital Powerhouse: The long-term impact of BTC holdings
• 01:34:06 – The Competitive Advantage of Bitcoin Treasury Strategies: Disrupting traditional finance
• 01:40:41 – Preparing for Market Volatility: What’s next for MicroStrategy & Bitcoin
• 01:46:56 – Staying Level-Headed in Financial Markets: Avoiding emotional decision-making
• 01:52:42 – Community Updates & MicroStrategy World 2025: Upcoming events & opportunities

Disclaimer: The content in this video is for informational and educational purposes only and should not be considered financial advice. We are not financial advisors, and you should consult with a qualified professional before making any financial decisions. All investments involve risks, and you are responsible for your own decisions.