Скачать или смотреть Bitcoin-Linked Convertibles | Strategy World 2026

Convertible bonds were the best-performing asset class last year and 40% of the market is now driven by Bitcoin and crypto-related issuers. Ranga Kanthadai, Managing Director at J. Wood Capital Advisors, breaks down exactly how Bitcoin-linked convertibles work, why volatility is an asset rather than a liability in this market, and how Strategy raised over $9 billion at a weighted average coupon of just 0.421%. He walks through the real economics comparing convertibles to high yield debt and common equity, explaining why this instrument is cheap debt on the downside and equity on the upside.

🔶 Ranga Kanthadai - Managing Director, J. Wood Capital Advisors

Chapters:
2:19 Bitcoin and Crypto Convertible Deals: From $100M to $4.3 Billion
3:40 Convertible Market Size vs Investment Grade, High Yield, and Equity
5:15 Why the Convertible Market Was the Best Performing Asset Class
5:58 2025 Banner Year: $112 Billion Raised and the Crypto HPC Wave
6:20 Key Deals Breakdown: Coinbase, Strategy, CleanSpark, and More
7:18 What Is a Convertible Bond? Debt, Equity, and the Option Component
9:05 Real Economics: Convertibles vs High Yield vs Common Stock
11:27 Why Bitcoin Volatility Is an Asset: Pushing the Vol Cap to 60%
13:26 Who Should Consider Convertibles: Market Cap, Float, and Eligibility

#Bitcoin #ConvertibleBonds #BitcoinTreasury #RangaKanthadai #JWoodCapital #Strategy #MicroStrategy #CapitalMarkets #ConvertibleDebt #GrowthCapital #BitcoinConference #ZeroCouponDebt #EquityLinked #Volatility #IntelligentLeverage #BitcoinFinance #ConversionPremium #CapitalStructure #DebtMarkets #BitcoinCapitalMarkets #GameStop #HighYield #ConvertibleMarket

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, 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.