One Chair

Your guide to the companies stacking #Bitcoin.
Hosted by @GrafYves and @quentinisonx

[One Chair @OneChairPod]

🚨 AI + Tesla Optimus is about to rewrite the global economy.

In our latest episode with @CernBasher, we break down why Tesla’s humanoid robots + robotaxis could drive double-digit GDP growth… and why this could ignite a Bitcoin supercycle.

Key takeaways:
- $TSLA Optimus ramp: 1M → 10M robots/year
- One robot factory could generate output comparable to the GDP of an entire country
- Robotaxis scaling could happen MUCH faster than Wall Street expects
- AI agents will flood cyberspace… and Bitcoin may become the security gate
- “AI consumes compute. Bitcoin prices compute.”
- Strategy’s flywheel $MSTR + $STRC could be setting up the next massive phase

This episode connects the dots between AI deflation, government printing, and why $BTC may become the backbone of the AI economy.

00:00 Introduction Cern Basher
02:11 AI Agents Pick Bitcoin (It’s Already Happening)
03:01 Elon’s Master Plan: xAI + SpaceX + Tesla Merger?
06:34 Why Bitcoin Might Be the BEST AI Investment
10:43 “AI Consumes Compute… Bitcoin Prices Compute”
13:46 MSTR / Strategy: Why Bitcoin Treasury Companies Win
19:16 Strategy’s New Flywheel: STRC + ATM Explained
25:04 Elon Predicts Double-Digit GDP Growth (Is He Right?)
34:55 Tesla Optimus Timeline: 1M → 10M Robots Per Year
40:16 Tesla Robotaxis Are Scaling FAST (Doubling Every Month?)
43:11 Why Robotaxi Delays Don’t Matter (Tesla Still Wins)
46:46 When Will Tesla Start Buying Bitcoin Again?
50:05 Nvidia + Bitcoin? Big Tech May Flip Soon
53:18 Why Most People STILL Don’t Understand Bitcoin
56:00 US Military Studying Bitcoin for Cybersecurity?
59:27 Final Warning: Every Country Must Build Robot Factories

[Michael Sullivan @SullyMichaelvan]

$MSTR's mNAV is sentiment driven you say??

Seems like someone should study this whole sentiment thing more closely 😏

[Adrian Morris @_Adrian]

What is mNAV: @jackmallers question to @saylor on mNAV has a lot of people talking.

I think most conversations are missing the point.

Here are some of my thoughts on mNAV from my appearance on the @OneChairPod

This holds true for $MSTR and all $BTC Treasury Companies.

[One Chair @OneChairPod]

One Chair is at @BTCPrague 🪑

Come say hi if you’re around! Happy to talk bitcoin treasuries.

[One Chair @OneChairPod]

Everyone focused on $MSTR's 32 Bitcoin sale.

We think they missed the bigger story.

In this episode we discuss:
• Strategy's 1,550 $BTC purchase
• The controversial cash reserve rebuild
• Why $STRC depegged
• The dilution debate
• Semi-monthly $STRC dividends
• Strive $ASST's viral 32 $BTC purchase
• New Bitcoin Treasury companies entering the market

00:00 Strategy (MSTR) Buys 1,550 Bitcoin After Selling 32 BTC
02:31 Did Strategy Create Its Own Liquidity Problem?
08:07 Why Selling Just 32 Bitcoin Shocked the Market
10:27 Bullish Signal: Strategy Raised $180M During Peak Fear
11:23 BIG NEWS: STRC Dividends Go Semi-Monthly
12:56 Strive Buys the Famous 32 Bitcoin (Genius Marketing Move)
13:52 Final Thoughts
15:51 Future Outlook and New Entrants

Full episode 👇

[Ifeanyi Ezeh @realifeanyiezeh]

Awesome podcast by @_Adrian (who I consider a top 5 $MSTR analyst) on the @OneChairPod.

Anyone who wants to hear a level headed no BS take on MSTR should give it a listen.

https://t.co/C6GqQVpU1B

[One Chair @OneChairPod]

Listen to it on:
- Spotify: https://t.co/cvd8Ekashr
- Apple Podcasts: https://t.co/A0oRyH3wjO

[One Chair @OneChairPod]

Everyone focused on $MSTR's 32 Bitcoin sale.

We think they missed the bigger story.

In this episode we discuss:
• Strategy's 1,550 $BTC purchase
• The controversial cash reserve rebuild
• Why $STRC depegged
• The dilution debate
• Semi-monthly $STRC dividends
• Strive $ASST's viral 32 $BTC purchase
• New Bitcoin Treasury companies entering the market

00:00 Strategy (MSTR) Buys 1,550 Bitcoin After Selling 32 BTC
02:31 Did Strategy Create Its Own Liquidity Problem?
08:07 Why Selling Just 32 Bitcoin Shocked the Market
10:27 Bullish Signal: Strategy Raised $180M During Peak Fear
11:23 BIG NEWS: STRC Dividends Go Semi-Monthly
12:56 Strive Buys the Famous 32 Bitcoin (Genius Marketing Move)
13:52 Final Thoughts
15:51 Future Outlook and New Entrants

Full episode 👇

[One Chair @OneChairPod]

Watch it on Youtube: https://t.co/Aq9iRLfLsx
https://t.co/Aq9iRLfLsx

[BitcoinTreasuries.NET @BTCtreasuries]

LIVE NOW: Bitcoin Treasuries Takeover
Strategy back to buying bags of #Bitcoin. 7 Days Till $SATA Daily Dividends. Digital Credit Under Attack From Bears.

@BTCMindset, @GrafYves, @QuentinIsOnX, @ChasePalmieri & @TylerCompiler break it down.

Tap in ⚡️👇https://t.co/1TiOGBfCD7

[One Chair @OneChairPod]

@altols @_Adrian @TNorth

[One Chair @OneChairPod]

What if everyone is measuring $MSTR wrong?

In this conversation with @_Adrian, founding member of True North (@TNorth), we challenge some of the biggest assumptions in the Bitcoin Treasury space:

• Why mNAV is really a sentiment metric
• Why Bitcoin per share isn't a valuation metric
• Why Strategy shouldn't defend its mNAV
• The real story behind Strategy selling 32 $BTC
• Why $STRC and $SATA may evolve very differently than investors expect
• Why AI is attracting some of Bitcoin's capital

One of the most thought-provoking $MSTR conversations we've had.

If Adrian is right, investors may be looking at $MSTR completely wrong.

$MSTR $ASST $MPJPY

00:00 Adrian Morris' Bitcoin Journey & Why He Bought MSTR
05:02 The Real Meaning of mNAV (Market Sentiment)
10:10 Why Bitcoin Treasury mNAVs Eventually Collapse
11:22 Should Bitcoin Treasury Companies Defend Their mNAV?
15:56 The Fatal Flaw in mNAV Buybacks
17:57 Why Strategy Should NOT Sell Bitcoin to Buy Back Shares
20:15 Why Did Strategy Sell 32 Bitcoin?
23:55 MSTR Myths, Margin Calls & X Misinformation
25:38 Why Bitcoin Per Share May Be Misleading Investors
31:09 The Endgame for Bitcoin Treasury Companies
34:42 The Future: REITs, Options & Bitcoin Financial Products
36:46 STRC, SATA & Bitcoin Preferred Shares Explained
41:22 Does STRC Guidance Even Matter?
43:12 Why SATA Outperformed STRC
45:42 Daily Dividends: Innovation or Hype?
48:30 Will STRC & SATA Eventually Cut Dividends?
54:54 Is AI Stealing Capital From Bitcoin?
01:00:51 Can Bitcoin Become AI's Security Layer?
01:03:56 Adrian's Message to Bitcoin Investors

Watch the full episode 👇

[One Chair @OneChairPod]

What if everyone is measuring $MSTR wrong?

In this conversation with @_Adrian, founding member of True North (@TNorth), we challenge some of the biggest assumptions in the Bitcoin Treasury space:

• Why mNAV is really a sentiment metric
• Why Bitcoin per share isn't a valuation metric
• Why Strategy shouldn't defend its mNAV
• The real story behind Strategy selling 32 $BTC
• Why $STRC and $SATA may evolve very differently than investors expect
• Why AI is attracting some of Bitcoin's capital

One of the most thought-provoking $MSTR conversations we've had.

If Adrian is right, investors may be looking at $MSTR completely wrong.

$MSTR $ASST $MPJPY

00:00 Adrian Morris' Bitcoin Journey & Why He Bought MSTR
05:02 The Real Meaning of mNAV (Market Sentiment)
10:10 Why Bitcoin Treasury mNAVs Eventually Collapse
11:22 Should Bitcoin Treasury Companies Defend Their mNAV?
15:56 The Fatal Flaw in mNAV Buybacks
17:57 Why Strategy Should NOT Sell Bitcoin to Buy Back Shares
20:15 Why Did Strategy Sell 32 Bitcoin?
23:55 MSTR Myths, Margin Calls & X Misinformation
25:38 Why Bitcoin Per Share May Be Misleading Investors
31:09 The Endgame for Bitcoin Treasury Companies
34:42 The Future: REITs, Options & Bitcoin Financial Products
36:46 STRC, SATA & Bitcoin Preferred Shares Explained
41:22 Does STRC Guidance Even Matter?
43:12 Why SATA Outperformed STRC
45:42 Daily Dividends: Innovation or Hype?
48:30 Will STRC & SATA Eventually Cut Dividends?
54:54 Is AI Stealing Capital From Bitcoin?
01:00:51 Can Bitcoin Become AI's Security Layer?
01:03:56 Adrian's Message to Bitcoin Investors

Watch the full episode 👇

[One Chair @OneChairPod]

@_Adrian @boisechampion Most probably both 😄

[One Chair @OneChairPod]

@_Adrian @boisechampion Great conversation, Adrian! Thanks again for joining us and bringing a fresh contrarian perspective to the discussion.

[One Chair @OneChairPod]

@Corn_HODL @binance @MO_BSCHAIN 🎯

[One Chair @OneChairPod]

@brandt98435

[One Chair @OneChairPod]

One year of One Chair Podcast. 🪑

What a year it’s been.

We started with a simple idea: sit down, follow the Bitcoin treasury rabbit hole, and try to understand one of the most fascinating stories in capital markets.

A huge thank you to everyone who watched, listened, subscribed, commented, shared, challenged us, and sat on the chair with us.

This community made the journey much bigger than we expected. 🧡

And even in a brutal market, moments like this are a good reminder of why the Bitcoin treasury story matters.

Volatility tests conviction. It separates tourists from builders. And it creates the conditions where the long-term players quietly keep stacking sats, strengthening balance sheets, and building for the next phase.

And a massive thank you to the guests who gave us their time, insights, energy, and conviction:

@CernBasher @nithusezni @TylerCompiler @BitcoinPierre @anilpatel @ejuline @ZynxBTC @stephanlivera @MasonFoard @btconlyscott @Sanderandersenn @halstonvalencia @chasepalmieri @CrisReed @ColeMacro @Avik @IIICapital @freddienew @shoneanstey @davelund_ @lucaatroxom @_Adrian

The Bitcoin treasury story is still just getting started.

More conversations, more rabbit holes, still only one chair.

How many chairs are you sitting on right now?

[Adrian Morris @_Adrian]

$MSTR: mNAV | BTC Per Share | Defending mNAV

This one might make a few people grumpy...

[One Chair @OneChairPod]

⚡️ Corporate Bitcoin Treasury Highlights of the Week ⚡️

Strategy $MSTR
• Sold a whole 32 BTC (roughly 0.0004% of their holdings) creating complete chaos in the Bitcoin space. Strategy holds 843,706 BTC.

Strive $ASST
• Bought 2,500 BTC, bringing total holdings to 19,000 BTC.
• Expanded both the $ASST and $SATA ATM programs by $2.1B each.

Most overlooked 👀

Bitcoin Treasury Capital $BTCB
• Announced Sweden's first BTC-backed preferred stock targeting 10% annual dividends. It's expected to start trading on the Spotlight Stock Market on 20 July.

[One Chair @OneChairPod]

One year of One Chair Podcast. 🪑

What a year it’s been.

We started with a simple idea: sit down, follow the Bitcoin treasury rabbit hole, and try to understand one of the most fascinating stories in capital markets.

A huge thank you to everyone who watched, listened, subscribed, commented, shared, challenged us, and sat on the chair with us.

This community made the journey much bigger than we expected. 🧡

And even in a brutal market, moments like this are a good reminder of why the Bitcoin treasury story matters.

Volatility tests conviction. It separates tourists from builders. And it creates the conditions where the long-term players quietly keep stacking sats, strengthening balance sheets, and building for the next phase.

And a massive thank you to the guests who gave us their time, insights, energy, and conviction:

@CernBasher @nithusezni @TylerCompiler @BitcoinPierre @anilpatel @ejuline @ZynxBTC @stephanlivera @MasonFoard @btconlyscott @Sanderandersenn @halstonvalencia @chasepalmieri @CrisReed @ColeMacro @Avik @IIICapital @freddienew @shoneanstey @davelund_ @lucaatroxom @_Adrian

The Bitcoin treasury story is still just getting started.

More conversations, more rabbit holes, still only one chair.

How many chairs are you sitting on right now?

[The Bitcoin Dialectic 🎙️ @Digvijay_BTC]

Every now and then, I find myself replaying a podcast over and over again to make sure I understand what is being said, and to formulate my own thoughts.

This was one of them.

@_Adrian of True North argues that BTC/share and BTC yield are irrelevant metrics, that we've been looking at Bitcoin Treasury Companies all wrong. He has some very interesting predictions for how $STRC and $SATA will evolve, and what that means for @Strategy and @Strive.

Do I agree? Stay tuned ;)

[One Chair @OneChairPod]

Listen to it on:
- Spotify: https://t.co/vP4oZzgOXm
- Apple Podcasts: https://t.co/CTxQS6DN00

[One Chair @OneChairPod]

Watch it on Youtube: https://t.co/95IwF7uBsA
https://t.co/95IwF7uBsA