In 2026, Bitcoin treasury stocks have taken a much bigger beating than Bitcoin itself. Dylan LeClair, Director of Bitcoin Strategy at Metaplanet, joins me from to explain why he thinks the bears got carried away.

In this episode:

Why treasury company stocks fell so much further than Bitcoin did
His response to the criticism Parker Lewis brought to this show about perpetual preferred equitites
What Metaplanet is building in Japan, where $7 trillion sits in cash earning nothing
Whether he thinks Bitcoin has bottomed, from someone who swore off price calls

Follow Dylan LeClair at https://x.com/DylanLeClair

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Dylan LeClair: Why Bitcoin Treasury Companies Sold Off and What Comes Next

Natalie Brunell's Coin Stories

Dylan LeClair: Why Bitcoin Treasury Companies Sold Off and What Comes Next