Pillar 04
Bitcoin Capital Markets
How public companies raise capital to hold Bitcoin, how Bitcoin per share is measured, and how preferred equities, leverage, and income models change the risk.
- Treasury companies
- Bitcoin per share
- Preferred equities
- Leverage, amplification, and income models
Questions we’re investigating
- 1.
When does issuing equity to buy Bitcoin increase Bitcoin per share, and when does it dilute holders?
No note yet — on the research list.
- 2.
How do preferred-dividend obligations hold up during a long Bitcoin drawdown?
No note yet — on the research list.
- 3.
Can Bitcoin-linked securities fund living expenses without selling Bitcoin?
No note yet — on the research list.
Research notes
No research notes in this pillar yet.
Lessons
No lessons in this pillar yet.
Tools
- Bitcoin exposure and sats per share — Look-through Bitcoin exposure of the actual Fiat Freedom Portfolio.
- Fiat Freedom Portfolio — The actual public portfolio — one Work Save Bitcoin project.
- Fiat Freedom Income Model (hypothetical) — A modeled income scenario, kept separate from actual performance.
Videos
- Episode 1 — I’m Building a Portfolio So I Never Have to Sell My Bitcoin ↗ (external link, opens in a new tab)Sep. 16, 2026
- Episode 2 — I Built a Public Dashboard for My Bitcoin Portfolio ↗ (external link, opens in a new tab)Sep. 17, 2026
- Episode 3 — Will MSTR Outperform Bitcoin? ↗ (external link, opens in a new tab)Sep. 18, 2026
- Episode 4 — My Bitcoin Stock Portfolio Is Up 26% in One Week ↗ (external link, opens in a new tab)Sep. 21, 2026