Video Description
Is "more Bitcoin per share" actually yield or is it leverage in a different wrapper? At the Bitcoin 2026 Conference, BitGo managing director Matt Ballensweig moderates one of the most rigorous capital-structure debates of the year with Two Prime founder Alexander Blume and BYZ Partners managing partner Richard Byworth. They walk through ATM equity issuance, convertible bonds, preferred equity, the systemic credit risk in the Strategy-buying-Strategy treasury company loop, and whether MNAV-driven Bitcoin accumulation is true yield or simply repackaged risk.
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