How did Michael Saylor turn MSTR's volatility into an advantage? @BitwiseInvest's @dgt10011 explains 📺

1/ 10 years ago, Ethereum was born to rewrite the rules of programmable finance. Today, ahead of Ethereum's anniversary, we’re thrilled to introduce ETHZilla, a NASDAQ-listed treasury vehicle for Ethereum, by Ethereum. It will commence trading under the ticker $ATNF.

2 weeks later— STRK down 20pts since I made the rotation call, whereas the converts down only 2pts The alpha is in relative value

Jeff Park, Head of Alpha Strategies at Bitwise, explains why young investors are flocking to crypto and what it means for the future of finance. 🚀📈 📹👇@dgt10011

"The test of a first-rate intelligence is the ability to hold two opposed ideas in the mind at the same time, and still retain the ability to function." - F Scott Fitzgerald He was one of us.

For our latest Roundup, @BitwiseInvest's very own @dgt10011 joined us to discuss: - Saylor's financial engineering - The mechanics of the convertible debt market - Strategy's STRC preferred shares - And more! Timestamps: (0:00) Introduction (1:49) The Convertible Debt Market (9:44) Preferred Shares vs Converts (12:19) Ads (Arkham & Eigen) (13:10) The Demand Side (21:35) How is Saylor's Strategy Possible? (30:47) Ads (Arkham & Eigen) (32:24) What Is The Investment Bank's Role? (37:45) Bitcoin Treasury Companies Abroad (45:38) What Are Treasury Companies Allowed To Do Onchain? (48:29) Treasury Company Financial Metrics (51:44) The Best Path For Ethereum Treasury Companies (56:56) Bitmine's Options Chain (1:00:05) The Impact of In-kind Contributions (1:03:56) The Doom Loop (1:08:35) Comparing Treasury Vehicles and GBTC (1:11:47) How Do Treasury Companies Impact Demand?

This interview was incredible — Jeffrey Park (@dgt10011) gives one of the clearest breakdowns I’ve heard on MSTR. The MSTR premium isn’t another GBTC. GBTC gave spot BTC access to equity investors— easy to replicate post-ETF. MSTR offers Bitcoin volatility at scale — a rare asset. Appetite for BTC vol is colossal, but true access is scarce: options desks blow up, markets are fragmented, and building an options book is brutal. The demand for BTC convexity isn't going away $BTC $MSTR

one of the reasons ppl historically dismissed bitcoin-aligned defi was because there was no meaningful liquidity at scale plasma will represent more than 10x the combined stablecoin liquidity of all other BTC sidechains youre about to see scale trillions

Absolutely insane stats. What these numbers tell me is there is an absolute revolt over the traditional financial system. It’s hard not to accept that at this point….

Global ETFs have pulled in $19Bn YTD. US spot Bitcoin ETFs just crossed over $50Bn in net inflows since launch. Meanwhile, crypto treasury companies have raised $86Bn this year, with over $43Bn since June 1 alone. You’re simply not ready for the tidal wave that’s about to hit.