Breaking Down Michael Saylor’s BTC Strategy and How A DeFi Team Is Rebuilding It For ETH

Clouted, Napenjoyoor, and EconDegen are all Founding Contributors at ETH Strategy.

In this episode, we break down Michael Saylor’s legendary BTC strategy, how MicroStrategy has leveraged convertible debt to accumulate Bitcoin, and why it’s been so effective. Then, we explore how The STRAT Protocol is bringing this playbook onchain for ETH, using an autonomous ETH treasury and long-dated convertible debt to create a DeFi-native version of the trade--plus what it means for ETH holders and how to get involved!

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🔗 Essential Show Links 🔗

► Newsletter: https://the-edge.xyz
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► Follow DeFi Dad: https://x.com/DeFi_Dad
► Follow Nomatic: https://x.com/Nomaticcap
► Learn DeFi: http://defidad.com/

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Timestamps

0:00 - Intro
5:15 - Team background
10:14 - What is ETH Strategy?
12:54 - How Saylors MSTR-BTC trade works
18:44 - Who is buying Saylor’s convertible notes?
24:43 - Why does anyone provide Saylor cheap debt?
31:45 - How are MSTR shareholders affected and what if BTC goes down?
38:09 - Is Saylor’s MSTR trade pumping the price of BTC?
41:13 - Sponsor mid-roll
41:51 - Will ETH Strategy improve the MSTR trade with DeFi?
43:42 - How ETH Strategy differs from Microstrategy
50:10 - DeFi native influence on ETH Strategy
53:38 - What’s the worst that could happen for STRAT holders?
57:18 - Sponsor mid-roll
58:57 - Who’s the target user for ETH Strategy?
1:00:54 - STRAT tokenomics and how raised ETH gets used
1:05:29 - Goals for presale
1:08:06 - Would ETH Strategy ever build this for BTC onchain?
1:12:24 - Closing

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🔗 Guest Links 🔗

► ETH Strategy website: https://www.ethstrat.xyz/
► ETH Strategy on X: https://x.com/eth_strategy
► Clouted on X: https://x.com/cloutedmind
► Nap on X: https://x.com/iamnapenjoyoor
► Econ on X: https://x.com/econdegen

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All opinions expressed by hosts and podcast guests are solely their own opinions and not necessa