Matt Cole spent fifteen years at CalPERS — the largest public pension fund in the U.S. — running more than $70 billion in global fixed income, where his portfolios reportedly never underperformed their benchmark in a single year. Today he’s Chairman & CEO of Strive (Nasdaq: ASST), the first publicly traded asset-management Bitcoin treasury company — and the man who just made a security pay a dividend every single business day, the first time that’s ever happened in U.S. market history.
This is the structured-finance mind behind “digital credit” — the idea that you can split a perpetual Bitcoin position into two instruments: a low-volatility, yield-bearing preferred (SATA, now paying daily) and the amplified Bitcoin common stock underneath it. Matt explains why he calls digital credit the biggest story in Bitcoin, how a zero-debt balance sheet survives Bitcoin going “to one penny tomorrow,” and why he’s laser-focused on a thirty-year digital gold rush. If you’ve ever wondered what happens when a Wall Street fixed-income operator goes all-in on Bitcoin — this is it.
We discuss:
- The first security in U.S. market history to pay a dividend every business day — and why “the dividend event is no longer an event”
- Digital credit as the biggest story in Bitcoin — attacking a $300 trillion TAM, where 1% is larger than Bitcoin’s entire market cap today
- Zero debt and 18 months of dividend reserves — why “Bitcoin could go to one penny tomorrow and we don’t blow up”
- Why Michael Saylor called Strive’s SATA the most interesting story in Bitcoin right now
- “Bitcoin is hope” — the line that closes the show
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Matt Cole @ColeMacro → x.com/ColeMacro
Strive (Nasdaq: ASST) → strive.com
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⚠️ DISCLAIMER The Bitcoin Matrix Podcast is for entertainment and educational purposes only. Nothing discussed constitutes financial, legal, or investment advice. Past performance does not guarantee future results. Always do your own research. The views expressed are the host’s and guests’ own opinions and do not constitute any offer, solicitation, or guarantee of any kind. The viewer assumes all responsibility for any actions taken based on this content.
