Garrett Johnston

Grateful to join this discussion with @PrestonPysh to talk about the intersection of Bitcoin and Insurance. His content over the years has been an important part of my own Bitcoin learning journey. We are so, so early still…

Today Bitcoin was recognized as a strategic tool on the world stage, confirmed by the U.S.’s most senior commander responsible for our posture against China. This is the result of years of policy work and educational initiatives. I’m beyond proud of the BPI team and the years of effort that it took to get us to this point.

This is a great illustration that puts the scale of even the largest Bitcoin Miners into perspective: They are the small fish in the pond… but have the advantage of Infrastrucure in place prior this wave… Marsh handles over 2/3rds of the hyperscalers. linkedin.com/posts/mgmolone…

One of the most critical aspects of acceleration of Bitcoin into the legacy financial system is how it intersects the regulatory and compliance layers. If you are building in Bitcoin and want to know how to integrate into TradFi. DM for details. linkedin.com/posts/andriko_…

@paoloardoino This is so important. Great product and glad this infrastructure is being built.

900B in yearly remittances volume with high fees charged to the poorest people. Now Tether just released a Wallet designed for them, self-custodial, super-easy to use, that allows to move digital dollars, gold and bitcoin with fees as low as $0.00001. People are already saying to their friends: "Tether me some money". And now they have an app for it. tether.me

Risk outlook for digital assets in 2026 | Marsh marsh.com/en/services/fi…

Excellent thought leadership from my colleague Mick Moloney on the difference between theoretical promises of AI vs real world execution and integration into large corporate ecosystems. linkedin.com/posts/mgmolone…

Coinbase #Bitcoin commercial shows how houses get cheaper when priced in BTC over time 👀 "In 2012, you'd need 30,000 BTC to buy this house...today it could be yours for 5 BTC." You will now be able to buy a home with a bitcoin-backed mortgage 🙌 🇺🇸

Five years ago, telling your mortgage lender you owned Bitcoin was a red flag. Today, Fannie Mae is backing home loans where Bitcoin IS the down payment. That's not a crypto startup. That's the U.S. government's mortgage backbone treating Bitcoin as collateral with the same protections as a conventional 30-year home loan. Here's what changed: 41% of American families fail to buy a home because they can't scrape together the cash for a down payment. Not because they're broke. Because their wealth is locked in assets they'd have to sell, triggering capital gains, paperwork, and a tax bill that eats the down payment itself. Bitcoiners know this trap better than anyone. You're sitting on life-changing wealth and the system punishes you for trying to use it. This product eliminates that wall. Pledge BTC or USDC as collateral, receive a loan for the down payment, keep your Bitcoin, pay no capital gains. Rate is 0.5 to 1.5 points above standard depending on borrower profile. The key detail: no margin calls. No collateral top-ups. If Bitcoin drops in value, the mortgage terms remain unchanged and no additional collateral is required. Market movements alone never trigger liquidation. The only liquidation risk is a 60-day payment delinquency, same as any conventional mortgage. This is how billionaires have operated for decades. Borrow against assets, never sell. Private banks built empires on this model for the ultra-wealthy. The difference now: it's available to anyone holding Bitcoin on an exchange. The real story isn't the product. It's what Fannie Mae's involvement signals. A government-sponsored enterprise formally underwriting Bitcoin-collateralized debt means the U.S. housing system no longer views Bitcoin as speculation. It views it as wealth. That's a classification shift that took 15 years to happen and will be impossible to reverse.

Major website upgrade for True North. Check it out at tnorth.com. I expect True North will be the premier global source for Digital Credit content, research and tools. Stay up to date on the biggest story in finance with @tnorth. $STRC $SATA

@paoloardoino @adam3us Congrats! A key milestone to get you plugged into the larger institutional capital pools.

Tether signs engagement with a Big 4 Firm for its first Full Audit ❤️

The flywheel has been refined and improved…and is accelerating… ALL in a bear market. The next bull market will be intense to see how this balance sheet out-performs all others.

Completely agree. When this damn breaks… capital inflows will flood in…

@ColeMacro Congrats! Fantastic fundamentals and momentum.

See full earnings press release: globenewswire.com/news-release/2…

Out of the numerous successes Strive had in our first six months as a public company, the most important was cementing our foundation as a structured finance company laser focused on digital credit. We see a multi-trillion dollar opportunity for digital credit to scale in the years to come. We believe our digital credit product, SATA, provides a liquid and scalable solution for investors targeting double-digit yield with minimal volatility. We’re focused on building a track record of success for SATA by maintaining a stable trading range and keeping a strong balance sheet, which we believe will generate attractive long-term returns to our common equity stockholders vs our Bitcoin hurdle rate. $ASST $SATA

Math > FUD.

Perverse incentives.... create perverse outcomes. Under current frameworks, insurers have more than a 10x capital efficiency investing in private credit (500%) vs. preferred stocks like $STRC (46%)... make sense... absolutely not... but that's the system they operate in. 👇 NAIC has it's own rating tiers, which directly affect RBC metrics. Most of private credit is rated NAIC-2 (A/BBB equivalent) or NAIC-3 (BB equivalent). Private Credit has a RBC charge of roughly 2% vs. Preferred Equity (i.e. $STRC / $SATA) of approx 25% This creates very clear incentives for insruance companies to favor private credit even though that is not actually healthy for their balance sheet. Below is how the math plays out on a $1BN allocation Investment Option 1 (private credit) Yield: 10% Annual Income: $100M RBC Charge: 2% ($20M) Return on Required Capital: 500% ($100M / $20M) Investment Option 2 ($STRC) Yield: 11.50% Annual Income: $115M RBC Charge: 25% ($250M) Return on Required Capital: 46% ($250M / $115M) @Strategy @Strive @bitcoinpolicy ... even worse with Bitcoin...

Wow. Massive $STRC issuance, vs $MSTR. And $STRC holding tight peg range right after ex-dividend date…. Impressive. The thesis is proving itself to be way more resilient than most trad-fi folks believe.

Digitally transforming the Capital Markets with Digital Credit pills About MMC (the worlds largest risk & Capital advisor): ~ $193 Billion in annual (re)insurance premiums placed ~ $16.2 Trillion in AuM ₿uilding the track record

This.

Love this $STRC allocation. That adds an additional dividend moat to $SATA. Well done.