Bitcoin Treasuries: We're Just Getting Started | Cory Klippsten

from Inflection Point Hosted by Blockworks

In this episode, CEO of Swan Cory Klippsten discusses Swan Bitcoin’s Series C raise and its partnership with a French semiconductor company pivoting into Bitcoin treasury accumulation. He explains the rise of leveraged Bitcoin equities, how these companies use debt markets to acquire Bitcoin, and the potential influx of institutional fixed income into Bitcoin. Cory breaks down risks, opportunities, and why he believes Bitcoin-focused financial institutions are inevitable – touching on market cycles, treasury company models, and strategic corporate adoption. Enjoy! — Follow Cory: https://x.com/coryklippsten Follow Rizzo: https://x.com/pete_rizzo_ Follow Supply Shock: https://twitter.com/SupplyShockBW Follow Blockworks: https://twitter.com/Blockworks_ Supply Shock Telegram: https://t.me/+SpmLg6P_QcgxNDcx Supply Shock Newsletter: https://blockworks.co/newsletter/supplyshock Supply Shock Survey: https://bitcoinhistorynl.beehiiv.com/forms/979475d9-fb4b-4c13-99af-5037dd5718c6 — Ledger, the global leader in digital asset security, proudly sponsors Supply Shock. As Bitcoin adoption grows, Ledger celebrates 10 years of securing over 20% of the world’s crypto. Buy a LEDGER™ device now for true self-custody and peace of mind in securing your Bitcoin. Devices are also available in Bitcoin orange. For every device ordered in BTC Orange, we’ll donate $5 to brink.dev. Buy now at https://Ledger.com. — Timestamps: 00:00 Swan-Sequans Treasury Partnership 2:45 Bitcoin Treasury Endgame 4:59 Leveraged Bitcoin Equities 6:30 Breaking Down the Strategy 7:30 Ads (Ledger) 8:14 Breaking Down the Strategy 12:07 Unique Arbitrage Opportunities 15:35 Differentiating Good vs Bad Actors 17:55 Fixed Income Opportunity 19:36 When do the Floodgates Open? 22:53 Ads (Ledger) 23:38 When do the Floodgates Open? 25:06 Swan’s Goals 28:33 Crypto Treasury Companies 30:44 Is this Bull Market Different? 32:44 Bitcoin Treasury Doomsday 36:00 Moving Toward Hyperbitcoinization 38:40 Final Thoughts — Disclaimer: Nothing said on Supply Shock is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed. #Bitcoin #Crypto #SupplyShock

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Bitcoin Treasuries: We're Just Getting Started | Cory Klippsten

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This episode was published on July 8, 2025.

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