How Institutional Investors Generate Yield Using Bitcoin Holdings
summary
Discussion lays out exactly how yield is earned and at what cost: Lightning routing generates 3–6% yield today by collecting hop fees, with on‑network volume rising from 10M to 1.2B and nodes audited with custodial proofs; derivatives and futures contango are the main delta‑neutral strategies; Japan issuance proves demand with a 4% bit bond backed by a $3.5B balance sheet; perpetual preferreds traded below par then recovered, and tokenized bearer‑bond ideas are proposed but not yet live.
AI-written summary · about
chapters (10)
- 0:00Start
- 0:43Why "Yield" Became a Dirty Word After 2022
- 1:27How Lightning Routing Actually Generates Yield
- 4:46Custody, Auditors and Managing Technology Risk
- 7:24A Tokenized Bearer Bond for Bitcoin
- 7:58Meeting Capital Where It Is: Mandates and Instruments
- 10:49Duration Curves, Credit Ratings and What Comes Next
- 13:40When the Preferreds Broke Par: Was It Existential?
- 18:44Are Institutions Actually Here Yet?
- 23:33What a Treasury Company Bull Market Looks Like
related talks
25mThe Future of Bitcoin Yield: Navigating Risk & Unlocking Safe Returns
30mBitcoin Yield: Lessons From DeFi
41mInstitutional Bitcoin
26mBitcoin Capital Markets: Evolving Instruments for Institutions
21mBitcoin’s Role in Institutional Strategy
12mMining Strategies: Expectations vs Reality
38mBitcoin for Institutions
25mThe Ways Bitcoin Treasury Companies Choose to Structure Capital