Follow for Bitcoin & capital markets insights. CEO of The Bitcoin Bond Company, Steward of @CatholicBitcoin, host of the @BitcoinForCorps Show, Board @Strive
Austin, TX
Joined December 2021
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- Following6.5K
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Pierre Rochard retweeted
People are going to be shocked by the pragmatic expansion of the data center buildout over the next two years IMHO
President of $META:
"We did have a governor that won last night who did make data centers a big part of their platform say, 'As soon as we get past the inauguration, let's meet because we don't want to lose this investment in our town. We don't want these jobs to go elsewhere,'"
Pierre Rochard retweeted
DIVIDEND SEASON FOR $SATS BEGINS TODAY
- Investors who own $SATS by market close today receive *ALL* accrued dividends since its IPO
- Daily dividends begin every business day thereafter
- $SATS pays a perpetual fixed-rate effective yield north of 15% when purchased under $100
Pierre Rochard retweeted
President Trump says that the Iran war was worth losing the midterms, reiterates that Iran can never have a nuclear weapon.
"You can't let Iran have a nuclear weapon, or everything you see here [gestures to the surrounding White House] someday might not exist."
Pierre Rochard retweeted
SATA grew from $200M to over $1.4B in notional outstanding in under a year. Since IPO, its yield closed with a 13% handle or lower on 97.2% of trading days. That remains true today with an effective yield of 13.31%.
Over the same period, the 10-year Treasury yield rose 82 bps. Single-B yields rose 149 bps and CCC yields rose 525 bps.
We judge our Digital Credit products by both the demand they attracted and what their yields are doing relative to that of traditional bond market yields.
We believe the yields investors can earn outside of Digital Credit is critical when assessing the most accretive way to support our products, with the goal of maximally & responsibly amplifying Bitcoin exposure for our common equity investors over the long run.
Pierre Rochard retweeted
Below 15% in early September. About 17.8% by November 3.
@ColeMacro tracks the all-in yield on triple-C debt and explains why the recent rise matters.
"So it is real credit stress."
Pierre Rochard retweeted
The world is increasingly complex & dysfunctional, but I believe the optimal investments for the most common needs will become increasingly simple & clear:
Income: Digital Credit
Savings: Bitcoin
Growth: Amplified Bitcoin
$ASST $SATA solana:DSgjVUFC6NA59YuxiEDSxgs6zP4jjwSuoYJ3uS7WboeH $BTC
JUST IN: Strive CEO Matt Cole just said, "We're moving into an environment with a debt crisis in the U.S. and a more volatile world. What people are going to need during this is a really high yield."
"We're seeing this in some of the early success in $SATS. It was the 5th most traded preferred equity last week."
"That is the most bullish environment for Bitcoin that you could ever imagine. It's the debasement trade playing out in real time." 👀🔥
Pierre Rochard retweeted
Trump won 6.3 million Texas voters in 2024. Talarico won 5.2 million Texas voters in 2026. Hinojosa 5 million.
This election was lost by republicans staying home.
Incredibly self-destructive way to vent your frustrations.
Pierre Rochard retweeted
THANK YOU FLORIDA!
I am humbled and grateful beyond measure. As your Governor, I will give you everything I have.
We are going to make life in Florida more affordable. We are going to keep our streets safe. We are going to invest in our young people so that they can attain the Florida Dream that all of us love so dearly.
Florida is the envy of the nation. I will fight day and night to keep it that way and to lift our state to even greater heights.
God Bless you, God Bless Florida, and God Bless America.
Pierre Rochard retweeted
Reminiscing.
Election eve 2024, my husband’s timeless wisdom:
“Whatever happens, we’ll keep fighting.”
🇺🇸
Pierre Rochard retweeted
A falling chart is not proof of ATM selling, argues @Werkman.
He explains why he wants strong liquidity and price action before selling shares.
"I think the reason is because people are fitting narratives to what they're seeing."
Pierre Rochard retweeted
ASST traded 14% of IBIT’s dollar volume in October.
For its first year since the merger, it averaged 2.6%.
What changed after Aug 17:
Median daily volume: $54M → $232M
Total monthly volume: $0.8B in July → $5.4B in October
86% of sessions beat what used to be a top-10% day
7 of the 10 largest volume days since the merger.
Deeper liquidity in ASST:
Pierre Rochard retweeted
It is my Great Honor to endorse the Highly Respected Attorney General of Texas, Ken Paxton, an America First Patriot, and someone who has always been extremely loyal to me and our AMAZING MAGA MOVEMENT, who is running for the United States Senate, to represent a place I love and WON, BIG, three times, with 6.4 Million Votes in 2024 (The Most Votes in the History of the State, BY FAR)!
I know Ken well, have seen him tested at the highest and most difficult levels, and he is a WINNER! Ken is a true MAGA Warrior who has ALWAYS delivered for Texas, and will continue to do so in the United States Senate. His opponent, James TalaFREAKO, is a Radical Left Dumocrat who is opposed to NO TAX ON TIPS, NO TAX ON OVERTIME, and NO TAX ON SOCIAL SECURITY and, if he and the Dumocrats ever got in, all of these things will be terminated. He wants massive Tax Increases, Open Borders, Men playing in Women's Sports, and Transgender Mutilization of your Children. James TalaFREAKO is Reckless, Radical, and Dangerous!
On the other hand, as your next Senator, Ken will tirelessly fight to continue the Great Growth of our Economy, Cut Taxes and Regulations, Advance MADE IN THE U.S.A., Unleash American Energy DOMINANCE, Champion Texas Oil & Gas, Advocate for our Amazing Farmers and Ranchers, Promote School Choice, Keep our Border SECURE, Stop Migrant Crime, Support our Incredible Military/Veterans, Safeguard our Elections, and Protect our always under siege Second Amendment.
Ken Paxton has my Complete and Total Endorsement to be the next United States Senator from the Great State of Texas. GET OUT AND VOTE FOR KEN — HE WILL NEVER LET YOU DOWN!
President DONALD J. TRUMP
swampthevoteusa.com/texas/
Pierre Rochard retweeted
Greg Abbott is the strong and highly respected Governor of Texas, a State I love and WON BIG three times, including with 6.4 Million Votes in 2024 (The most Votes in History, BY FAR)!
As Governor, Greg is also fighting tirelessly to Champion Texas Values, Grow the Economy, Cut Taxes and Regulations, Support our Amazing Farmers and Ranchers, Advance MADE IN THE U.S.A., Unleash American Energy Dominance, Promote School Choice, Keep our now very Secure Border, SECURE, Stop Migrant Crime, Murderers, and other Criminals from illegally entering our Country, Ensure LAW AND ORDER, Protect our Brave Military, Veterans, and Law Enforcement, and Defend our always under siege Second Amendment. Greg’s opponent, Gina Hinojosa, is a Radical Left Democrat who wants massive Tax Increases, Open Borders, Men playing in Women’s Sports, and Transgender Mutilization of your Children. Gina Hinojosa is Reckless, Radical, and Dangerous!
Greg Abbott has my Complete and Total Endorsement for Re-Election. He is an exceptional Governor and man. GET OUT AND VOTE FOR GREG — HE WILL NEVER LET YOU DOWN! President DONALD J. TRUMP
Pierre Rochard retweeted
Everybody has diamond hands until a bear market coincides with a layoff, a medical bill, or a major family expense.
Your bitcoin allocation has to fit your real life.
bitcoinpersonalfinancebook.c…
Pierre Rochard retweeted
Also, Dan is an extremely intelligent and forward-thinking person, and our conversation naturally drifted toward the potential impact of AI on our country and the world.
So, our discussion about the economy, the job market, healthcare, education, public spending, and social safety nets ended up being far more interesting than a traditional meeting with the IMF.
Excellent meeting with @nayibbukele to discuss reform progress and his long-term vision for El Salvador. Unlocking more private investment and harnessing new technologies will be key to building on recent gains & realizing the country’s growth potential.
Pierre Rochard retweeted
Welcome Back To The Hurdle Rate
Episode 80: Debt Crisis Is Accelerating
In this week’s Hurdle Rate, the crew breaks down the $6B Binance hack, Triple C spreads blowing out, and why Digital Credit like $SATA and $SATS may compress against junk. They also discuss what Fannie Mae preferreds teach about underwriting dividends, why both mNAV frameworks break, and why $ASST trades like perpetual leverage on $BTC.
Here’s the latest with @ColeMacro, @PunterJeff, @Werkman, and @TimKotzman.
Timestamps:
00:00 - Intro
00:52 - The Binance Hack
02:57 - Triple C Spreads Blow Out
11:02 - Bitcoin Still Seen As Risk
14:30 - Digital Credit Spreads Will Compress
18:41 - The Fannie Mae Preferred Lesson
23:22 - Rethinking mNAV
33:00 - Premium Or Discount?
35:36 - Breaking Both Valuation Models
42:17 - The ATM Narrative Is Wrong
46:39 - Perpetual Leverage On Bitcoin