Blockspace Podcast: Why Most Bitcoin Treasury Companies Are Struggling — and the One That's Getting It Right

Matt Cole, CEO of Strive, discusses corporate Bitcoin strategy, amplification tactics, surviving volatility, and why Bitcoin's 30%+ annual returns make it the ultimate hurdle rate for treasury companies in 2025. Matt Cole, Chairman and CEO of Strive Bitcoin Treasury Company joins us to talk about corporate Bitcoin treasury strategies, why he's structurally bullish on 30%+ annual returns, how Strive amplifies Bitcoin exposure through preferred equity without margin requirements, the pivot from ESG pushback to Bitcoin maximalism, and why removing capital gains taxes could make Bitcoin actual money in America. Subscribe to the newsletter! https://newsletter.blockspacemedia.com **Notes:** • Bitcoin expected 30%+ annual returns over 10-15 years • Strive manages $2B AUM across 13 ETFs • Matt's net worth in Bitcoin since 2016-2017 • 50% drawdowns expected as normal volatility • Preferred equity structure allows riding to $1 • Strategic Bitcoin reserve strengthens USA Timestamps: 00:00 Start 01:44 Vibes at Strive & BTC crashing 04:06 Treasury companies 07:36 What makes a "good" treasury company? 15:12 MSTR needs to catch up to Strive 20:51 Wall Street understanding 26:38 Credit rating innovation 29:59 ESG 35:33 Technical Bitcoin topics 42:15 2026 - 👋Blockspace Podcast is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? [email protected]