The Bitcoin Treasury Playbook | Preston Pysh
By Danny Knowles
Aired Aug 21, 2025 · 1h 6m · Last boosted Aug 23, 2025
Chapters
Show Notes
Preston Pysh gives us a masterclass on Bitcoin treasury companies, unpacking the mechanics behind Michael Saylor’s strategy and why it has outperformed Bitcoin since 2020. He explains how preferred stock and convertible debt are being engineered to funnel Bitcoin onto balance sheets, why the unraveling of the fixed-income market is the hidden fuel behind this model, and the risks investors face in treating treasury companies as a proxy for holding Bitcoin. Preston gets into the accounting controversies around MicroStrategy, the looming threat of government nationalisation, and why self-custody Bitcoin is the ultimate safeguard. In...
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Nostr Community
Everyone who has boosted The Bitcoin Treasury Playbook | Preston Pysh on Nostr, ranked by sats sent, all time.
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tibur 1k sats
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DougTee
500 sats
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martinbarilik
500 sats
- npub1m0gm4…7lad 250 sats
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Marc
210 sats
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average_gary
100 sats
Other Episodes This Community Boosts Other shows' episodes boosted by people who boosted this episode
Sep 16, 2025
Nostr Boosts:M011k
MarcSep 22, 2025
888 Great episode. Fedimint is getting interesting.
average_garySep 18, 2025
10k npub1m0gm4qa…Sep 17, 2025
250 Nostr Boosts:M01.4k
npub1m0gm4qa…May 4, 2025
350 martinbarilikMay 3, 2025
1k Listening to you while cooking lunch for the family. The wibe ive got at the end from the music was priceless. Onward
average_garyMay 1, 2025
100 Ready for an OpenSats hat
Nostr Boosts:M05.3k
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npub1m0gm4qa…Sep 26, 2025
250 average_garySep 26, 2025
5k When do we get a Wives Meetups at the Park? But it's just a spa day where the other wives can orange pill my wife. 🙏
Apr 23, 2025
Nostr Boosts:M01.4k
npub1m0gm4qa…Apr 27, 2025
350 average_garyApr 25, 2025
100 dB near zero ⚡
average_garyApr 25, 2025
1k OpNext was great.
Run your testnet4 CTV + CSFS client.
https://.GitHub.com/average-gary/bitcoin
Has Sv2 enabled branch too.
Nostr Boosts:2k
MarcSep 13, 2025
1k @egge
Current was the only client I know of that uses NIP06, BIP39 words for keys. Are there any others?
average_garySep 7, 2025
1k 🧙🏻♂️
Nostr Boosts:M01.3k
MarcFeb 18, 2026
1k I thought clawstr was a shitcoin before I saw Derek talk about it on nostr. For the record, I am 99.99999999% sure Marti has nothing to do with it. The only reason I am not 100% sure is because I can't prove a negative. :)
npub1m0gm4qa…Feb 11, 2026
250 
Aug 7, 2025
Nostr Boosts:M01.3k
Aug 27, 2025
Nostr Boosts:1.2k
MarcAug 28, 2025
210 I also tried running an Ethereum node around the same time.🤣 That's what made me go bitcoin_only. 😁
average_garyAug 27, 2025
1k What a handsome trio.
Thank you @npub1h8nk2346q…
Nostr Boosts:1.2k
MarcFeb 24, 2025
210 Great show. The Nakamoto institute was an intregal part of my education in 2014/2015. I love hearing the new take on the old ideas. Thanks guys.
average_garyFeb 18, 2025
1k 🧠🤌🫶👏🫂🤝
May 15, 2025
Nostr Boosts:10k
average_garyMay 17, 2025
100 OP_ValidateMessageSignature
OP_VMS
VMS
aka CSFS
average_garyMay 17, 2025
100 That's OSMU taking the bitaxe donations.
Need more manufacturing implementations. Just like Core
average_garyMay 17, 2025
10k libbitcoinkernel maximalism
Nostr Boosts:M0660
MarcFeb 24, 2025
210 I told Pierre this in real life at Pacific Bitcoin 2022, but my high school economics teacher taught me about fractional reserve banking and I was appaled. I realized bitcoin was a viable alternative to this system whrn I first heard about it.
I never read this article before though. Thanks.
npub1m0gm4qa…Feb 20, 2025
350 average_garyFeb 20, 2025
100 The beautiful part of bitcoin is we need not debate silly things like economics. We can just do things and the debate is carried out via human action.
Oh, and Austrians are right. 🤌
Apr 2, 2025
Nostr Boosts:M0550
npub1m0gm4qa…Apr 21, 2025
350 average_garyApr 3, 2025
100 Does ecash enable blinded auditing for bitcoin books? 🤔
average_garyApr 3, 2025
100 First 30min is 🤌🤝🔥
Nostr Boosts:510
MarcNov 13, 2025
210 Dude, BIP39 words with Shamir Secret Sharing on an open standard is like a wet dream I once had.😅
average_garyNov 12, 2025
100 I agree with @npub1az9xj85cm… . Knostr needs to fix the filters.
average_garyNov 12, 2025
100 Physical access is root access. 🤝
average_garyNov 12, 2025
100 Without video, how do I see shirtless @npub1az9xj85cm… ?
May 5, 2025
Nostr Boosts:
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npub1m0gm4qa…Mar 14, 2025
350 MarcMar 13, 2025
210 Hal Finney was the first person to recognize utility in Satoshi's software. I wouldn't have understood bitcoin's utility back then, but that doesn't mean it had no utility. The man behind RPOW thought it had utility. The fact that your dentist doesn't recognize bitcoin's utility because she can't use it to fill a cavity is moot.
Nostr Boosts:M0560
npub1m0gm4qa…Mar 2, 2025
350 MarcMar 2, 2025
210 Good morning. Can someone please share a screenshot of the "Bitcoin culture is dead" tweet/xweet(or whatwver)?
Feb 21, 2025
Nostr Boosts:M0560
npub1m0gm4qa…Feb 22, 2025
350 MarcFeb 22, 2025
210 I didn't know you could do a full lightning node on voltage. I use lunanode's one click deployment. It's a litfle cheaper, but it's a prunned node.
Mar 18, 2025
Nostr Boosts:1.1k
average_garyMar 19, 2025
100 The last part sounds like what @npub1xtscya34g… is doubt with notedeck.
average_garyMar 19, 2025
1k Some of the best leaders are those who shun the burden yet take up the yoke regardless.
Nostr Boosts:M0500
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npub1m0gm4qa…Sep 28, 2025
250 average_garySep 27, 2025
100 Best quarterly update
average_garySep 27, 2025
100 
Feb 11, 2025
Nostr Boosts:750
martinbarilikFeb 16, 2025
250 martinbarilikFeb 15, 2025
250 I cant boost for some reason
martinbarilikFeb 15, 2025
250 Short AI intro 😁 right ...
Sep 27, 2025
Nostr Boosts:M0460
npub1m0gm4qa…Sep 29, 2025
250 MarcSep 27, 2025
210 I am also concerned about the Jarvin influence Whitney is talking about.
Jun 27, 2025
Nostr Boosts:M0460
npub1m0gm4qa…Jul 3, 2025
250 MarcJun 30, 2025
210 I started listening to TFTC from the episode with Crypto Medecci. I don't remember what episode number it was, and I haven't caught every episode of TFTC, but I've listened to every episode of RHR.
May 17, 2025
Nostr Boosts:M0450
average_garyMay 19, 2025
100 We should have a nostr key signed fork of Core.
What would be the bar for signing with your nsec?
#asknostr
npub1m0gm4qa…May 18, 2025
350 Nostr Boosts:M0450
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Episode Boosts
Every boost sent to this episode, as published to Nostr, newest first.
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Great technical explainer for the SEC chain and how you can do a synthetic stable coin yield pegged to bitcoin. Wen Tether in US markets?
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Hi. I'm the dork who asked you a question about Fountain at NosVegas without realizing you were @npub16le69k9hw… . I have a better question this time and I would like to know @npub1s5yq6wadw… 's take too. Why would fixed income investors seek 10-ish% returns when the CPI numbers look fudged? https://primal.net/e/nevent1qqsrxrwdvfsssapmahaz532s87r97gf…
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I didn't get the half of it :D but i like Preston. Fine rip !
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Thanks! Love it!
