mNAV Madness Was A Warning — Trey Sellers Explains The Real Risk Of Bitcoin Treasury Companies episode artwork

EPISODE · May 6, 2026 · 56 MIN

mNAV Madness Was A Warning — Trey Sellers Explains The Real Risk Of Bitcoin Treasury Companies

from The Bitcoin Treasury Podcast · host bitcointreasuries

Trey Sellers spent 15 years in finance before discovering that the FIRE movement and Bitcoin were pointing at the same destination. Now VP of Sales at Unchained and founder of the FIRE BTC newsletter, he joins Tyler Rowe to build the framework most Bitcoiners are missing: structure your savings, protect your custody, and know exactly when it's okay to sell. He covers the mNAV Madness warning he wrote at the top of the market, why STRC is actually a better swap for your stock allocation than most realize, why Bitcoin treasury companies should be pushing toward native multi-sig custody, and the right order to draw down assets in retirement. Follow Trey: https://twitter.com/@ts_hodl Newsletter: https://firebtc.io | Unchained: https://unchained.com Special thanks to @hemi_xyz — https://bit.ly/hemiXYZ 🔒 Secure your Bitcoin with COLDCARD — use code 6BT for 6% off at bit.ly/coinkiteStore 🏦 Borrow against your BTC from 8.49% at bit.ly/archlending 🏛️ Institutional custody & OTC at bit.ly/bitGo 💼 Bitcoin executive recruitment at bit.ly/XCEio 📊 Track every Bitcoin treasury company at bitcointreasuries.net ⚠️ Not financial advice. Do your own research. 🟠 Stay Orange.

Episode metadata supplied by the publisher feed · Published May 6, 2026

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mNAV Madness Was A Warning — Trey Sellers Explains The Real Risk Of Bitcoin Treasury Companies

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