Corporate Treasury & Capital Markets
Balance-sheet strategies, credit instruments and the speculative attack.
12 sources · 8 chapters
Chapters
- 2Why Real Estate Became the World's Primary Store of Value
- 3The Role of the Monetary Premium
- 5The Advantages of Real Estate
- 6Structuring for Bitcoin as a Strategic Asset
- 7Bitcoin Mining as Real Estate Energy Infrastructure
- 11The Speculative Attack: The Case for Leveraged Bitcoin Exposure
- 12The Strategy Playbook
- 13The Metaplanet Story
Sources
Why it's included
Connects the real estate thesis with corporate treasury vehicles.
Pending checkRelated commentary
These conversations frame property as a savings technology people adopted by default, and ask what happens when a better one appears.
Why it's included
An operator's view of holding bitcoin reserves inside a property business.
VerifiedRelated commentary
Real estate still produces yield, shelter and utility. These sources argue for pairing the two rather than choosing.
Practical operations: accepting rent in bitcoin and holding reserves at the property-company level.
Why it's included
Institutional real estate funds adding bitcoin to their mandates.
Pending checkRelated commentary
Real estate still produces yield, shelter and utility. These sources argue for pairing the two rather than choosing.
Why it's included
Shows the cost-floor idea informing corporate buying.
UnverifiedRelated commentary
Mining turns stranded energy and land into a monetizable asset. Production cost also acts as a reference point for price.
Why it's included
A short explainer of Rochard's original essay.
VerifiedRelated commentary
Pierre Rochard's 2014 essay argued that rational actors would borrow fiat to acquire bitcoin. These sources revisit it.
Why it's included
Rochard revisits his thesis ten years on (March 2024).
VerifiedRelated commentary
Pierre Rochard's 2014 essay argued that rational actors would borrow fiat to acquire bitcoin. These sources revisit it.
Why it's included
Frames the attack as a civilizational turning point rather than a trade.
VerifiedRelated commentary
Pierre Rochard's 2014 essay argued that rational actors would borrow fiat to acquire bitcoin. These sources revisit it.
Why it's included
A full audio reading of the original essay.
VerifiedRelated commentary
Pierre Rochard's 2014 essay argued that rational actors would borrow fiat to acquire bitcoin. These sources revisit it.
Why it's included
Bitcoin-backed credit as a new fixed-income asset class.
Chapters
VerifiedRelated commentary
Strategy (formerly MicroStrategy) turned the speculative attack into a capital-markets program.
Why it's included
Which treasury companies survive a downturn, and why.
Chapters
Pending checkRelated commentary
Strategy (formerly MicroStrategy) turned the speculative attack into a capital-markets program.
Why it's included
A detailed model of Strategy's capital structure.
Chapters
VerifiedRelated commentary
Strategy (formerly MicroStrategy) turned the speculative attack into a capital-markets program.
Why it's included
Metaplanet's CEO at Strategy World 2026 on pivoting from hotels to bitcoin.
VerifiedRelated commentary
A Japanese hotel company reinvents itself as a bitcoin treasury, linking Chapter 3's Japan case to corporate strategy.
A monetary premium is the value an asset carries beyond its use. Japan shows that premium can drain away over decades.