Welcome Back to The Hurdle Rate. Episode 60: The Math of Amplification In this week's Hurdle Rate, the crew breaks down the latest corporate Bitcoin market activity and Strive's growing Bitcoin holdings, before turning to Strategy's Bitcoin sale and what the balance sheet math actually reveals about risk and permanent impairment. We dig into historical bear market scenarios, how to manage amplification ratios, and the product management and demand dynamics shaping the treasury company landscape. We close with a deeper look at what digital credit actually is and why it matters for the road ahead. Here's the latest with @TimKotzman, @ColeMacro, @PunterJeff, and @Werkman 00:00 - Welcome Back to The Hurdle Rate
 02:26 - Analysis of Strategy's Debt Retirement
 10:48 - Capital Structure and Market Perception
 21:57 - Strive's Bitcoin Holdings Update
 23:26 - SATA Daily Dividends Launch
 31:40 - Strive Market Cap and Efficiency
 33:14 - Ecosystem Cooperation and Voting
 42:04 - New Federal Reserve Chair Outlook

Welcome Back to The Hurdle Rate. Episode 59: Scale Like Crazy The crew breaks down Strategy's latest debt retirement and what it signals about capital structure and market perception, before turning to Strive's growing Bitcoin holdings, the launch of SATA daily dividends, and what the firm's market cap reveals about treasury efficiency. We close with a look at ecosystem cooperation, the voting dynamics shaping Bitcoin's corporate landscape, and what a new Federal Reserve Chair could mean for the road ahead. Here's the latest with @TimKotzman, @ColeMacro, @PunterJeff, and @Werkman. 00:00 - Welcome Back to The Hurdle Rate
 02:26 - Analysis of Strategy's Debt Retirement
 10:48 - Capital Structure and Market Perception
 21:57 - Strive's Bitcoin Holdings Update
 23:26 - SATA Daily Dividends Launch
 31:40 - Strive Market Cap and Efficiency
 33:14 - Ecosystem Cooperation and Voting
 42:04 - New Federal Reserve Chair Outlook

Welcome Back to The Hurdle Rate. Episode 58: Exponential Innovation The crew is back this week diving into Strive’s evolution into “The Daily Dividend Company” and what that could mean for the future of financial products. They discuss the experience of ringing the opening bell at Nasdaq, break down how Strive paid off its debt, and explore just how large this opportunity could become. Finally, they unpack the infrastructure operating behind the scenes and how Bitcoin could play a major role in Strive’s future. Here's the latest with @TimKotzman, @ColeMacro, @PunterJeff, and @Werkman. 0:00 - Welcome Back to The Hurdle Rate 2:00 - Strive: The Daily Dividend Company 6:02 - Ringing The Opening Bell at Nasdaq 24:20 - How Strive Paid Off Its Debt 27:30 - How Big Is This Idea? 41:51 - The Infrastructure Behind The Scenes 47:30 - How Bitcoin Will Be Involved In Strive’s Future

Welcome Back to The Hurdle Rate. Episode 56: The User Experience The crew is back this week discussing Strategy’s passing of BlackRock in Bitcoin Holdings and what it could signal for broader markets. They then dive into whether the tokenized ecosystem is actually providing value, before exploring how AI tools are reshaping portfolio construction. Finally, they wrap up with a discussion on Schwab’s approach to Bitcoin education and what it means going forward. Here's the latest with @TimKotzman, @ColeMacro, @PunterJeff, and @Werkman. 0:30 - Welcome Back to The Hurdle Rate 2:50 - Strategy Flips BlackRock 21:28 - Is The Tokenized Ecosystem Completely Useless? 30:43 - AI Tools & Revamping Portfolios 46:25 - Schwab Education

Welcome Back to The Hurdle Rate. Episode 57: The Answer Is Trillions The crew is back this week reacting to MSTR’s latest earnings call and what it could mean for the future. They then dive into the rise of digital credit and if it's too good to be true. Finally, they close with a discussion around the FDIC, monetary risk, and the broader implications for the financial system moving forward. Here's the latest with @TimKotzman, @ColeMacro, @PunterJeff, and @Werkman. 0:00 - Welcome Back to The Hurdle Rate 3:32 - MSTR Earnings Call Reaction 25:52 - Is Digital Credit Too Good to Be True? 42:46 - FDIC & Monetary Risk

Welcome Back to The Hurdle Rate. Episode 55: A Structural Shift The crew is back this week discussing Digital Credit’s big month and what it signals for markets. They then explore capital flows, before rethinking credit in today’s environment and wrapping with a discussion on the end of the 60/40 portfolio. Here's the latest with @TimKotzman, @ColeMacro, @PunterJeff, and @Werkman. 0:30 - Welcome Back to The Hurdle Rate 2:00 - Digital Credit’s Big Month 18:35 - Capital Flows 27:20 - Rethinking Credit 43:07 - The End of the 60/40 Portfolio