The Hurdle Rate Podcast

42 Episodes

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Episode 42 - Pensions, Private Equity & Digital Credit

2026-01-0601:01:52

Episode 42 - Pensions, Private Equity & Digital Credit Thank you to our sponsor, Swan Bitcoin. We buy Bitcoin at Swan.com 0:00 - Welcome Back to The Hurdle Rate 0:55 - Strategy Gears Up for Massive 2026 12:10 - Looking Back at 2025: Year Zero in Digital Credit 30:12 - Capital Allocation and Pension Funds 50:18 - 2026 Outlook

Episode 41 - Structurally Bullish

2025-12-2359:08

Episode 41 - Structurally Bullish Thank you to our sponsor, Swan Bitcoin. We buy Bitcoin at Swan.com [00:00:00] Welcome Back to The Hurdle Rate [00:01:21] Reflections on 2025 [00:08:14] The Bitcoin Era [00:18:12] Amplification and the Power of Compounding [00:30:30] Do You Beat The Hurdle Rate of Bitcoin? [00:53:04] Tim’s Review of Bitcoin Treasuries Big Year

Episode 40 - Set Up For A Supercycle

2025-12-1645:58

Episode 40 - Set Up For A Supercycle Thank you to our sponsor, Swan Bitcoin. We buy Bitcoin at Swan.com [00:00:00] Welcome Back to The Hurdle Rate [00:02:08] The Latest on Bitcoin [00:10:18] A Decade-Long Supercycle? [00:19:47] OCC Greenlights Crypto Bank Charters [00:26:14] Valuations [00:34:48] Quantum Risks? [00:40:15] MSTR Staying in Nasdaq 100 [00:43:57] Final Thoughts

Episode 39 - The Hurdle Rate Is High

2025-12-0940:55

Episode 39 - The Hurdle Rate Is High Thank you to our sponsor, Swan Bitcoin. We buy Bitcoin at Swan.com [00:00:30] Welcome Back to The Hurdle Rate [00:01:30] Bitcoin MENA [00:22:53] Bitcoin As The Hurdle Rate [00:37:27] Closing Thoughts

Episode 38 - The Incentives Are Aligned

2025-12-0257:48

Episode 38 - The Incentives Are Aligned Thank you to our sponsor, Swan Bitcoin. We buy Bitcoin at Swan.com [00:00:00] Welcome Back to The Hurdle Rate [00:00:40] The Incentives Are Aligned [00:10:50] MSTR’s Green Dots & USD Reserve [00:46:16] STRC Dividend Rate Hike

Episode 37 - Meet Them Where They're At

2025-11-2552:48

Episode 37 - Meet Them Where They're At Thank you to our sponsor, Swan Bitcoin. We buy Bitcoin at Swan.com [00:00:00] Welcome Back to The Hurdle Rate [00:00:50] Market Uncertainty & MSCI Exclusions [00:34:14] Mike Green Article and the K-Shaped Economy

Episode 36 - Inside the Digital Credit Revolution

2025-11-1854:08

Episode 36 - Inside the Digital Credit Revolution Thank you to our sponsor, Swan Bitcoin. We buy Bitcoin at Swan.com [00:00:00] Welcome Back to The Hurdle Rate [00:01:30] Bitcoin Amsterdam & Cantor Conference Miami Recaps [00:19:24] Volatility in the Prefs [00:41:08] Underwriting Bitcoin [00:47:28] Hedging with Zcash?

Episode 35 - Amplified Bitcoin and Digital Credit

2025-11-1001:19:36

Episode 35 - Amplified Bitcoin and Digital Credit Thank you to our sponsor, Swan Bitcoin. We buy Bitcoin at Swan.com [00:00:00] Welcome Back to The Hurdle Rate [00:00:30] The IPOs of Digital Credit [00:12:41] The Process of Launching a Preferred Product [00:27:06] ASST & SATA Update

Episode 34 - The Preferred Strategy is Digital Credit

2025-11-0451:16

Episode 34 - The Preferred Strategy is Digital Credit Thank you to our sponsor, Swan Bitcoin. We buy Bitcoin at Swan.com [00:00:00] Welcome Back to The Hurdle Rate [00:00:34] Strive’s SATA Announcement [00:01:15] Strategy Introduces Stream [00:15:37] MSTR Q3 Earnings Call Recap [00:36:10] ROC Dividends [00:42:02] Additional Highlights from Strategy Earnings Report

Episode 33 - Credit Ratings for Digital Capital

2025-10-2853:48

Episode 33 - Credit Ratings for Digital Capital Thank you to our sponsor, Swan Bitcoin. We buy Bitcoin at Swan.com [00:00:00] Welcome Back to The Hurdle Rate [00:00:30] Strategy Gets a Credit Rating [00:12:43] How This Will Impact the Insurance Industry [00:21:50] Interest Coverage Ratio and Industry Credit Ratings [00:27:23] What Will It Take for Bitcoin Treasury Companies Credit Ratings to Go Higher? [00:44:08] Mike Alfred, Big Volumes, and What It All Means [00:51:18] US China Trade Deal and Other Macro Tailwinds

Episode 32 - Strategic Risk Taking

2025-10-2252:23

Episode 32 - Strategic Risk Taking Thank you to our sponsor, Swan Bitcoin. We buy Bitcoin at Swan.com [00:00:00] Welcome Back to The Hurdle Rate [00:00:34] Recapping Tim’s Latest Bitcoin Treasuries Digital Conference [00:13:34] Sentiment vs Conviction with Bitcoin Treasury Companies [00:25:17] Why do Bitcoin Treasury Companies Exist? [00:38:18] Strategic Risk Taking

Episode 31 - The Digital Credit Landscape

2025-10-1401:00:46

Episode 31 - The Digital Credit Landscape Thank you to our sponsor, Swan Bitcoin. We buy Bitcoin at Swan.com [00:00:00] Welcome Back to The Hurdle Rate [00:02:00] Crypto Crash of October 11 [00:21:11] Launching a Treasury Company from Zero [00:43:44] Deep Dive on Private Credit

Episode 30 - Focus on the Future

2025-10-0747:24

Episode 30 - Focus on the Future Thank you to our sponsor, Swan Bitcoin. We buy Bitcoin at Swan.com [00:00:00] Welcome Back to The Hurdle Rate [00:00:20] Ben Werkman Joins Strive as CIO [00:18:07] Tribalism and Doubt in Bitcoin [00:32:47] The Fastest Growing ETF of All Time [00:35:03] CAMT - Corporate Alternative Minimum Tax [00:41:52] Uptober Getting Revved Up

Episode 29 - Bitcoin Supercycle

2025-09-3052:22

Episode 29 - Bitcoin Supercycle Thank you to our sponsor, Swan Bitcoin. We buy Bitcoin at Swan.com [00:00:00] Welcome Back to The Hurdle Rate [00:01:24] Breaking News: Tim is All In and Dedicating His Life to Bitcoin [00:10:11] Bitcoin vs Other Store of Value Assets [00:21:41] Bitcoin Super Cycle? [00:26:30] Digital ID Rollout in the UK [00:41:00] Strategy Dividend Day

Episode 28 - The M&A Era has Begun

2025-09-2350:01

Episode 28 - The M&A Era has Begun Thank you to our sponsor, Swan Bitcoin. We buy Bitcoin at Swan.com [00:00:00] Welcome Back to The Hurdle Rate [00:00:15] Strive Acquires Semler Scientific [00:19:39] The Impact of Meeting Bitcoiners in Person [00:26:40] Behind the Scenes of the Bitcoin Treasuries NYC Unconference with Tim [00:38:55] Operating with a Long Term View in Bitcoin

Episode 27 - The Starting Line

2025-09-1652:31

Episode 27 - The Starting Line Thank you to our sponsor, Swan Bitcoin. We buy Bitcoin at Swan.com [00:00:00] Welcome Back to The Hurdle Rate [00:00:32] Strive Announces Board of Directors [00:29:57] Rate Cut on Wednesday? [0036:57] Bitcoin Treasuries Unconference [00:46:51] Options on the Prefs

Episode 26 - Zoom Out. We're Early.

2025-09-0942:30

Episode 26 - Zoom Out. We're Early. Thank you to our sponsor, Swan Bitcoin. We buy Bitcoin at Swan.com [00:00:00] Welcome Back to The Hurdle Rate [00:00:40] No Strategy in the S&P 500 [00:14:20] Michael Saylor Reframes the World of Risk [00:37:11] The Landscape of Strategy’s ATMs [00:40:58] Pierre’s Closing Thoughts

Episode 25 - Will Travel for Bitcoin

2025-09-0343:35

Episode 25 - Will Travel for Bitcoin Thank you to our sponsor, Swan Bitcoin. We buy Bitcoin at Swan.com [00:00:00] Welcome Back to The Hurdle Rate [00:00:23] Recapping Bitcoin Asia [00:21:22] STRC Dividend Increases [00:34:13] Fed Independence and What Rates Should Do

Episode 24 - Fed Signals and Equity Stakes

2025-08-2658:57

Episode 24 - Fed Signals and Equity Stakes Thank you to our sponsor, Swan Bitcoin. We buy Bitcoin at Swan.com [00:00:00] Welcome Back to The Hurdle Rate [00:00:45] Meet The Hurdle Rate’s First Guest Host, Avik Roy [00:02:44] Strive’s Major News Announcement [00:08:40] The Fed Symposium in Jackson Hole [00:29:59] Intel & The US Government [00:56:33] Update on Tim’s Unconference

Episode 23 - Noise in the Market

2025-08-1955:52

Episode 23 - Noise in the Market Thank you to our sponsor, Swan Bitcoin. We buy Bitcoin at Swan.com [00:00:00] Welcome Back to The Hurdle Rate [00:00:30] Trading Below 1 mNAV? [00:27:41] Gold Revaluation [00:36:51] Bitcoin Treasury Executive Compensation [00:42:10] Preferred Liquidation Preference

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