
← Relai Bitcoin Podcast19 Nov 2025 · 50 min
Bitcoin Treasury Companies Deep Dive, with Patrick Heusser | Relai Bitcoin Podcast #108
<p><strong>Patrick Heusser</strong> is the Head of Lending at Sentora and one of the most established experts in Bitcoin in Switzerland. He has been writing about and researching digital assets for almost a decade and is keen on contributing to new financing models for the ecosystem. </p>
<p>In this conversation with Relai's Head of Communications, Joël Kai Lenz, Patrick discusses his journey into Bitcoin, why Bitcoin treasury companies are interesting but require careful differentiation between early adopters and copycats, and how the space is expected to evolve. </p>
<p>You can follow Patrick on LinkedIn: <a href="https://www.linkedin.com/in/heusser/">https://www.linkedin.com/in/heusser/</a> </p>
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<p>⏱ Timestamps:</p>
<p>00:00 - Intro</p>
<p>03:10 - The revolutionary impact of Strategy</p>
<p>05:56 - Financial models in Bitcoin acquisition</p>
<p>09:01 - The role of retail investors in Bitcoin</p>
<p>12:08 - The future of Bitcoin treasury companies</p>
<p>14:46 - Metaplanet's unique use case as a treasury company</p>
<p>18:05 - Emergence of new Bitcoin treasury companies</p>