Jeff Walton

There's a concept, Markowitz modern portfolio theory.

I studied finance in college and that's the

If you have a different asset with different risk return metrics in your portfolio, it should improve the return and reduce the risk of your entire portfolio.

Now, it's funny, you look at like the sharp ratios of these instruments and they're like literally on a different planet.

The sharp, the risk return of these instruments from like a price volatility perspective are on a different planet.

It actually improves most portfolios pretty drastically because of the low vol and high return.

Yeah, yeah, you can absolutely buy the common.

If you wanted high volatility Bitcoin exposure, like amplified Bitcoin exposure, think about like every instrument that we sell, every share that we sell, we are chopping off the excess risk and we're chopping off the excess return.

And that excess risk return is going directly to the common stock.

So, like, we are chopping off all of the volatility as humanly possible, and we are trying to strip it out into pure yield and then just amplified Bitcoin exposure because we are long the underlying asset.

We are long Bitcoin.

True North, are you guys publicly traded?

So Strive is publicly traded.

True North owns, or Strive owns True North.

True North is effectively like the media branch that I started that sits underneath True North.

The common stock or the preferred?

The common.

The common.

The common because our capital structure is different, right?

We've got no debt on our balance sheet, zero.