DiscoverThe Bitcoin Treasuries Podcast with Tim KotzmanOperating Business: Differentiator or Temporary Distraction with Norma Chu, Dean Callas, & Jim Dorra
Operating Business: Differentiator or Temporary Distraction with Norma Chu, Dean Callas, & Jim Dorra

Operating Business: Differentiator or Temporary Distraction with Norma Chu, Dean Callas, & Jim Dorra

Update: 2025-10-01
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From the Bitcoin Treasuries NYC Unconference, Norma Chu, Founder & CEO of DDC Enterprise, Dean Callas, Co-Founder, Managing Director, and General Partner of Next Layer Capital, and Jim Dorra, General Manager at Tractial, take the stage to discuss whether operating businesses of Bitcoin Treasury companies are ultimately a differentiator or a distraction. 


- this episode is sponsored by Onramp - $150 in Bitcoin to get your account started.

https://onrampbitcoin.com/


- This episode is sponsored by Stamp Seed. Use the code "Tim15" at check out for 15% off site wide

https://www.stampseed.com/


Disclaimer: NOT FINANCIAL ADVICE - For entertainment purposes only.


Tim Kotzman on X: https://x.com/TimKotzman

Dean Callas on X: https://x.com/deangcallas

Jim Dorra on X: https://x.com/jimdorra

Norma Chu on X: https://x.com/DayDayCook


0:00 - Intro

7:52 - The different types of operating businesses in Bitcoin Treasuries

10:00 - Is M&A a distraction in Bitcoin Treasuries?

11:57 - How to make capital allocation decisions

13:39 - Do companies with an activated investor base have an advantage?

17:37 - Which Fortune 100 company will be the first to implement Bitcoin Treasury?



#podcast #bitcoin #microstrategy #investing #mstr #btc

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Operating Business: Differentiator or Temporary Distraction with Norma Chu, Dean Callas, & Jim Dorra

Operating Business: Differentiator or Temporary Distraction with Norma Chu, Dean Callas, & Jim Dorra

Timothy Kotzman