About & media
Mike Flaum
Independent analyst focused on Bitcoin treasury companies and digital credit — the amplification mechanics of perpetual preferred equity paired with common stock.
The work
Mike publishes finished thinking on how Bitcoin treasury companies actually work — ownership geometry, amplification, leverage, and valuation — with Strategy and Strive as the focal case studies. He is the author of The Rise, Fall, and Reemergence of Bitcoin Treasury Companies (Second Edition) and the technical note Digital Credit: A New Category of Corporate Finance.
This site is the index of everything: infographics, the book, research notes, video, and live sessions. Advisory work lives separately at Log Scale Investments.
Disclaimer
This site explains how Mike Flaum analyzes Bitcoin treasury companies. It does not provide financial advice or recommendations to buy, sell, or hold any security. Mike is not a CFA charterholder, stockbroker, or investment adviser, and does not manage anyone else's money. Calculations can contain errors; past performance does not establish future execution or returns. Each reader remains responsible for their own investment decisions.