Jeff Walton

Like they've been working, you know, Matt's been working with CalPERS for a while before he started with the Strive team.

And then you have, you know, the Jeff Waltons and the Ben Workmans of the world that have since joined Strive.

And they kind of just bring...

Just this ability to communicate in a really powerful way with retail, specifically like me.

He was just a super smart guy.

I had a chance to interview Jeff Walton this weekend about the Los Angeles territory.

And he was working in the office when, I guess in 75, Red sent a scrawny kid from Texas up to Los Angeles to work.

And he said, you need to really pay attention to this kid.

He's trying to prepare for a tokenized digital world.

And then, so I said this three weeks ago, and then he did the fireside chat with Jeff, and he actually said it.

So I put that clip out there saying, like, in case you thought I didn't know what was humming in Sailor's heart, like, here's him saying it.

And he said, look, we're moving towards a digital tokenized DeFi world.

You go to Strive, you meet Strive at any event and you say, hey, how are you going to pump my bags? Like you got 17 different answers coming from six different people at the exact same time within half a millisecond, right? So, you know, all of these guys, those two companies have definitely got their talents completely stacked up really well.

So I'm happy for them.

Do you think strategy dropped a little bit of the ball when it comes to acquiring talent like Jeff Walton, Ben Workman, Adam Livingston and stuff like that?

It depends.

Thanks, everyone, for joining us for The Hurdle Rate, Episode 79.

For Adam Livingston, Joe Burnett, Ben Werkman, and Jeff Walton, I'm Tim Kotzman.

We'll see you back here next week for another edition of The Hurdle Rate.

We had British Hottel.

We had Jeff Walton on from Strive on Thursday.

One thing Grand Assault was mentioning was looking into 8K this morning and seeing what kind of moves they were going to make.

I think because of SATs, And they established a $1 billion Sats ATM program as they're looking to put that pref into work and to start raising capital to buy more Bitcoin.

I think they're good though.

I think from this year and what they've weathered and then the new tools that they've switched to, you know, raising money through these preferred equities, It allows them to weather the storm easier.

And there's no, as Jeff Walton did, talked about in True North, this style of capital raising isn't like the converts.

It isn't like corporate debt where you have this coupon where you suddenly have to pay it back.

Jeff Walton from Strive on PAX Sats, their new fixed rate preferred.

Then British Hodl on Sailor and Strategy.

Here on the Daily Stack, let's get into it.

learned...

Good morning and welcome to The Daily Stack.

Today we have our friend Jeff Walton, Chief Risk Officer at Strive.

So guys, today, exciting show.

We're going to dive into Sats, latest preferred equity backed by Bitcoin that you guys just offered.

Is that why

you left the space yesterday when Jeff Walton came in, Fred? No.

Look, here's the thing.

You know, I just think it's... or anything those guys are doing.

You're definitely not glazing them.

And we love them and we hope the best.

Cheers to Jeff and Michael.

I