The Billion Dollar Wall | The Hurdle Rate Podcast | Ep. 73

In this week's Hurdle Rate, the crew discusses SATA hitting $999 million outstanding, Strategy doubling its STRC repurchase facility to $2 billion, and Strive adding another 1,000+ Bitcoin. Ben breaks down the art and science of running the desk and why amplification stays on. Matt makes the case that we've never seen a bull market with a perpetual preferred model in place. We also get into executive comp and shareholder alignment, and close on macro: what happens if the 10-year breaks 7%.

Here's the latest with Matt Cole, Jeff Walton, Ben Werkman, and Tim Kotzman.

Timestamps:00:00 - Intro01:20 - SATA Nears $1 Billion07:10 - Strive's Flywheel and Amplification09:34 - Strategy's Push to Get STRC Back to 10012:12 - The Art and Science of Capital Markets15:33 - The First Bull Market With Perpetual Preferreds17:44 - ASST Volume Up 9.7x in Three Weeks20:00 - Competition and the Digital Gold Rush26:55 - What Saylor Is Really Like30:01 - Executive Comp and Shareholder Alignment48:21 - Macro: What If the 10-Year Hits 7%?59:22 - Private Credit Risk in Insurance

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