Corporate Treasury Strategies
MicroStrategy's Bitcoin playbook, alternative treasury models, and validator economics. Learn how public companies are turning crypto holdings into shareholder value — and what can go wrong.
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Douglas Borthwick
Co-Founder, TokenCapStackEpisodes
Treasury Companies 101: The MicroStrategy Playbook
How Michael Saylor revolutionized corporate treasury with Bitcoin — the mNAV premium, convertible debt strategies, and why some companies trade at multiples of their holdings.
The Ethereum Treasury Model: BitMine's Bold Bet
How corporations are building Ethereum treasuries with staking yields, proof-of-stake economics, and why treasurers prefer yield-generating assets.
Sol Strategies: The Infrastructure Revenue Model
The emerging model of companies operating Solana validators as businesses — validator economics, hardware requirements, and delegation strategies.
Treasury Companies: Risks You Need to Understand
Overlooked risks including leverage dangers, custody failures, regulatory shifts, and market correlation essential for due diligence.