Скачать или смотреть The Man Who Called $23 Billion: Why STRC Is Strategy's iPhone Moment (What's Holding TradFi Back)

Grain of Salt — the analyst behind True North who has followed Strategy for 5+ years — sits down with Tyler Rowe to break down what nobody expected: how Michael Saylor added 500,000 Bitcoin in just two years, why STRC is Strategy's iPhone moment, and when the institutional waterfall into Bitcoin preferred equity finally arrives.

Mike Flaum (@Z06Z07) is featured on True North, one of the most-watched weekly Bitcoin treasury calls with 15,000+ listeners per episode. He was skeptical of Saylor's preferred equity strategy at first. Here's what changed his mind.

In this episode:

Why Saylor acquiring 500K BTC in 2 years was "impossible" until it wasn't
The perpetual liability argument against STRC (and why Mike reversed course)
How Strategy raised $23 billion in 2025 and whether they can do it again
What a JP Morgan STRC white-label product would mean for the space
Why the credit rating is the one thing holding institutional capital back
MetaPlanet vs Strategy: who's doing capital markets better right now
The "step function" price prediction and why you won't buy the dip in time

00:00 Cold Open
01:05 Intro To Grain of Salt (Mike Flaum)
02:38 MSTR True North & Grain of Salt's Involvement
03:03 Velocity of Michael Saylor's Bitcoin Accumulation Via Microstrategy
06:58 Saylor's Pivot To Preferred Equities As Leverage
10:33 Grain's Prediction of Saylor Raising $50B on the Preferreds
12:11 Bitcoin's Going To $1 Million or It's Going To Zero
16:04 Ratings Agencies & Other Challenges for BTCTCs
20:56 Capital Inflows To STRC & USD Dividend Reserve
23:26 Bitcoiners Who Hate On Treasuries
28:06 Stay Orange

🎙️ Featured Guest:
Mike Flaum aka Grain of Salt - Bitcoin educator, MSTR trader, and conviction merchant. Known for MSTR True North & Going Long Bitcoin and MSTR Options.

Mike Flaum's Book is The Rise, Fall and Reemergence of Bitcoin Treasury Companies — available on Amazon Kindle
Follow Mike at   / @z06z07  

About True North:
True North is a weekly Bitcoin treasury investment podcast streaming live every Wednesday at 10PM EST. One of the most-watched grassroots calls in the MSTR community. Watch at https://www.mstrtruenorth.com    / @btctruenorth  

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🔗 Resources:
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📊 Track every Bitcoin treasury company at https://bitcointreasuries.net

🎬 About the Show:
Bitcoin Treasuries with Tyler Rowe interviews executives, investors, and industry leaders navigating the Bitcoin treasury revolution.

⚠️ Disclaimer: This podcast is for informational purposes only. Not financial advice. Always do your own research.