Everything You Need to Know About Crypto Treasury Companies With Jeff Park | Roundup
Episode publishedPodcast: Bell CurveBell Curve
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We all need a little humility on the path dependency for which if you believe Bitcoin is pristine collateral and despite the fact that it might have 80% drawdowns, but the perpetual value in itself is higher, then all investors across the liability stack from the credit to the equity and the press in between are money good. And the thing that Sailor then has to control for is that he will never be in a position of adverse liquidation against his own will. That's the most important thing, and I think he's been very thoughtful about ensuring that there isn't a covenant to any of these raises tha
episode is brought to you by Arkham. Arkham allows crypto traders and investors to look inside the wallets of the best traders, largest funds, and most influential players in the crypto markets today. We'll hear more about Arkham later in today's episode. Hey, everyone. Quick disclaimer before we get into today's episode. Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and the views expressed by anyone on the show are solely our opinions, not financial advice. Our guests and I may hold positions in the company
go. Hello. Happy to be here. Let's do this. Let's
do it. When's
the last time someone called you distinguished, Jeff, in your intro? Oh
my gosh. Very
big deal. I
I, I that gives me, like, a little bit of, like, anxiety in that professorial vibe of ending in, like, an academic echo chamber, which is the path I would love to avoid at all costs, but I am very, flattered by it nonetheless. Thank you.
I think you're distinguished because you're probably the only person who understands what the instruments that Sailor is issuing are. And so would love to cover those. I think to to start, maybe, it would be helpful to kind of just like go through not like the entire history of sailor but you know he starts with this kind of dead software company. I'm assuming he does kind of like at the market issuance of equity, You know, he gets bigger and bigger, and then he eventually taps the convertible debt market. Like, maybe just, like, a little bit of his path. And then, you know, I guess one questi
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