The Hurdle Rate Podcast Episode 51 - A Digital Credit Treasury
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Mar 17, 2026 They debate using digital credit as a corporate treasury tool and a cash-management alternative. They explain a $50M Stretch purchase and how digital credit can boost yield and balance-sheet efficiency. They walk through dividend reserve planning, coverage across Bitcoin price scenarios, and liquidity advantages versus private credit. They discuss large Stretch-fueled Bitcoin buys and trading dynamics around peg-to-par mechanics.
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Pegging SEDA To Par Drives Corporate Strategy
- Strive prioritizes balance sheet strength to peg SEDA at $100 and treat Bitcoin as the hurdle rate for capital deployment.
- Matt Cole explained SEDA is the company's core product and every action is judged by whether it supports pegging SEDA to par.
Market Spotted Strive's $50M Stretch Trade Within Minutes
- Strive's $50M Stretch purchase was noticed in under a minute on Twitter and prompted follow-on similar trades the next day.
- Ben Workman recounted market reaction and the immediate social media pickup after the trade tape printed.
Move Idle Cash Into Digital Credit For Yield
- Reallocate cash reserves into digital credit for higher yield when capital isn't needed short term.
- Ben Workman described putting $50 million from cash into Stretch to boost yield from $1.85M to $5.75M annually.