One Chair

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@OneChairPod

The Bitcoin Treasury podcast exploring the future of finance.
Hosted by @GrafYves and @quentinisonx
Produced by @dariostackssats

youtube.com/@OneChairPod Joined May 2025

93 Following 1.9K Followers 1.8K Posts

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One Chair @OneChairPod Oct 6

The Smarter Web Company $SWC is about to switch on a second capital-raising engine.

@asjwebley, CEO & Founder of @smarterwebuk, joins us to go deep on $MORE, its new perpetual preferred equity, and what it could mean for $SWC.

We discussed:
→ 12% initial dividend, paid weekly
→ Why $MORE is targeting £100 par
→ The 35% amplification ratio — and why it could go way higher
→ Replacing Coinbase debt with permanent capital
→ Retail vs. institutional demand
→ Growing Bitcoin per share across different market conditions
→ Why Bitcoin is now the hurdle rate for every acquisition
→ How $SWC + $MORE could work together as two capital-raising engines

If $MORE works as intended, this could be the beginning of a very different phase for The Smarter Web Company.

And potentially a very powerful new flywheel for $SWC.

00:00 Andrew Webley: Building the UK’s Bitcoin Treasury Company
04:47 Why Smarter Web Used Bitcoin-Backed Coinbase Debt
11:22 Why Smarter Web Is Replacing Debt With MORE
15:27 MORE: The UK’s First Bitcoin Treasury Preferred Stock
19:35 How MORE Targets £100 Par Value
25:47 Who Will Buy MORE? Retail vs Institutional Investors
29:12 Why MORE Has a 35% Amplification Ratio
35:55 Are Institutions Warming Up to Bitcoin Treasuries?
40:46 Smarter Web’s Acquisition Strategy: Why Bitcoin Is the Hurdle Rate
43:16 Could Smarter Web Acquire Companies Outside the UK?
45:02 What Types of Companies Could Smarter Web Acquire Next?
47:16 Can Any Acquisition Really Outperform Bitcoin?
48:27 Will The Smarter Web Company Change Its Name?
50:46 Building Through the Bitcoin Treasury Bear Market
52:37 What Comes Next for Smarter Web and MORE?

Full episode 👇

53:51

One Chair @OneChairPod 1d

Bitcoin is bleeding. Treasury stocks are getting hammered. $STRC is fighting to stay at par.

Just another rough week, or is something bigger unfolding?

Inside the Walls Ep. 8 is LIVE!

Together with @AlexandreLaizet and @Kosanovic_V from Capital B, we go beyond the headlines to unpack what's driving the markets, what really matters, and what investors should be watching.

🔸 What's driving the sell-off?
🔸 Is Bitcoin becoming more resilient?
🔸 After the Binance hack, how safe is institutional Bitcoin custody?
🔸 Why is Strategy $MSTR buying back $STRC instead of raising its dividend?
🔸 Can $STRC, $SATA & $SATS sustain double-digit dividends?
🔸 Why being the fastest Bitcoin Treasury Company doesn't necessarily make you the winning horse

TIMESTAMPS:

00:00 Intro — Bitcoin Markets Under Pressure
02:17 Is Bitcoin More Resilient Than Ever?
05:23 How Bitcoin Treasury Companies Secure Billions
16:45 Can Banks Really Protect Your Bitcoin?
20:50 Bitcoin Custody in the Age of AI
25:58 US Midterms: What's Driving the Bitcoin Sell-Off?
29:45 Bitcoin After Midterm Elections: What History Shows
35:58 Could Bitcoin Be the Best Asset in the AI Era?
38:36 Why Bitcoin Volatility Is Changing
42:53 STRC Buybacks vs Higher Dividends: What's Better?
48:51 How Institutions Really Evaluate STRC
51:20 STRC, SATA and the Real Risks of Digital Credit
54:00 Can Strategy and Strive Pay Dividends Forever?
01:02:54 What to Watch Next in Bitcoin Treasury Companies
01:06:13 Bitcoin per Share: The Key to Long-Term Returns
01:09:10 Bitcoin per Share vs Total Shareholder Returns

👇 Watch the full conversation!

70:13

One Chair @OneChairPod 4d

🎙️ A small change of plans for Inside the Walls!

I've been a bit under the weather, so we had to postpone today's recording.

But don't worry, the crew will be back, and the next episode will be dropping this Sunday instead!

In the meantime, keep those questions coming! We're looking forward to diving into some of them with the crew.

Thanks for your patience, and see you Sunday!

One Chair Verified account @OneChairPod Nov 2

🎙️ What's the ONE question about Bitcoin Treasury Companies you wish an insider would answer?

The next episode of Inside the Walls is coming up this Thursday, and we're opening the floor to YOUR questions!

What would you ask the crew: @AlexandreLaizet, @Andre_Dragosch, @YChoueifaty or @Kosanovic_V?

Strategy $MSTR, Strive $ASST, Digital Credit $STRC $SATA $MORE, capital markets, or something we're overlooking?

👇 Drop your questions and topics below. We'll tackle some of the most interesting ones on the show!

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One Chair @OneChairPod Nov 2

🎙️ What's the ONE question about Bitcoin Treasury Companies you wish an insider would answer?

The next episode of Inside the Walls is coming up this Thursday, and we're opening the floor to YOUR questions!

What would you ask the crew: @AlexandreLaizet, @Andre_Dragosch, @YChoueifaty or @Kosanovic_V?

Strategy $MSTR, Strive $ASST, Digital Credit $STRC $SATA $MORE, capital markets, or something we're overlooking?

👇 Drop your questions and topics below. We'll tackle some of the most interesting ones on the show!

One Chair @OneChairPod Oct 30

Is $MSTR really junk-rated because of its risk - or because of how Wall Street measures that risk?

@AlexandreLaizet shares a revealing exchange with a credit rating agency.

More from our latest Inside the Walls episode.

0:51

One Chair Verified account @OneChairPod Oct 29

What if the Bitcoin Treasury race hasn't even started yet?

We're witnessing an explosion of financial innovation, with Strategy $MSTR, Strive $ASST, and others building increasingly sophisticated capital-raising engines.

And the most remarkable part? Bitcoin has barely moved.

Now imagine what happens when Bitcoin starts ripping again.

That's exactly what we explored in the latest episode of Inside the Walls, alongside @AlexandreLaizet (@_ALCPB), @Andre_Dragosch (@Bitwise), and @YChoueifaty (TOBAM).

Some fascinating discussions:
🔸 $STRC approaching $100 par: Is Strategy's Bitcoin buying engine about to restart?
🔸 Common equity vs. Digital Credit: Why might institutional investors actually WANT more share issuance?
🔸 The amplification race: What happens to Strategy, Strive, and smaller Bitcoin Treasury Companies when BTC surges 20%?
🔸 Strategy's B- credit rating: Are traditional credit rating agencies fundamentally mispricing Bitcoin-backed credit?
🔸 Anthropic's IPO: What does the repricing of AI investments tell us about the broader capital markets?

One quote from @YChoueifaty perfectly captures where we are:

"We are building a scenario for a very, very exciting movie, but the movie has not started yet."

The financial infrastructure is being built. The capital markets are evolving. But the real show might still be ahead of us.

00:00 Bitcoin Capital Markets: Inside the Walls Ep. 7
02:14 Strategy STRC Nears $100 Par: Is Digital Credit Back?
04:59 Why Is Strategy Buying Back STRC Below Par?
07:09 What Happens to Bitcoin Treasury Stocks When BTC Rallies?
12:56 Common Stock ATM vs Digital Credit: What Do Institutions Prefer?
19:14 How Will Bitcoin Treasury Companies Raise Capital in a Bull Market?
22:38 Strategy vs Strive vs Capital B: Do Smaller Players Have an Edge?
25:55 Why Did Strategy Keep Its B- Credit Rating?
29:53 Are Credit Rating Agencies Holding Back Bitcoin Adoption?
36:32 Why Traditional Credit Ratings Fail: Oil, Lehman & Sovereign Debt
43:19 Anthropic IPO: Timing, Valuation and AI Market Risks

If you want to understand how the next Bitcoin bull market could reshape the entire Bitcoin Treasury industry, this is an episode you don't want to miss! 👇🔥

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