# Matt Cole — He Built a Stock That Pays You Every Day

Page: https://stenobird.com/podcast/the-bitcoin-matrix-2537137/matt-cole-he-built-a-stock-that-pays-you-every-day
Text version: https://stenobird.com/podcast/the-bitcoin-matrix-2537137/matt-cole-he-built-a-stock-that-pays-you-every-day.md
Podcast: [The Bitcoin Matrix](https://stenobird.com/podcast/the-bitcoin-matrix-2537137)
Published: 2026-06-01T09:00:29+00:00
Episode link: https://fountain.fm/episode/46r4dfJAJwKLxEchp75u
Audio file: https://feeds.fountain.fm/paBeJqepFBns3bT2OAtC/items/PGyfTR0UuPdj8xIX2EQE/files/AUDIO---DEFAULT---6fadc35f-96be-4ac4-859b-41c70aca9bb4.mp3
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JSON: https://stenobird.com/v1/public/podcasts/the-bitcoin-matrix-2537137/episodes/matt-cole-he-built-a-stock-that-pays-you-every-day
Duration seconds: 4352

## Resource

Matt Cole spent fifteen years at CalPERS — the largest public pension fund in the U.S. — running more than $70 billion in global fixed income, where his portfolios reportedly never underperformed their benchmark in a single year. Today he's Chairman & CEO of Strive (Nasdaq: ASST), the first publicly traded asset-management Bitcoin treasury company — and the man who just made a security pay a dividend every single business day, the first time that's ever happened in U.S. market history. This is the structured-finance mind behind "digital credit" — the idea that you can split a perpetual Bitcoin position into two instruments: a low-volatility, yield-bearing preferred (SATA, now paying daily) and the amplified Bitcoin common stock underneath it. Matt explains why he calls digital credit the biggest story in Bitcoin, how a zero-debt balance sheet survives Bitcoin going "to one penny tomorrow," and why he's laser-focused on a thirty-year digital gold rush. If you've ever wondered what happens when a Wall Street fixed-income operator goes all-in on Bitcoin — this is it. We discuss: The first security in U.S. market history to pay a dividend every business day — and why "the dividend event is no longer an event" Digital credit as the biggest story in Bitcoin — attacking a $300 trillion TAM, where 1% is larger than Bitcoin's entire market cap today Zero debt and 18 months of dividend reserves — why "Bitcoin could go to one penny tomorrow and we don't blow up" Why Michael Saylor called Strive's SATA the most interesting story in Bitcoin right now "Bitcoin is hope" — the line that closes the show Subscribe so you never miss an episode. 🎙️ GUEST Matt Cole @ColeMacro → x.com/ColeMacro Strive (Nasdaq: ASST) → strive.com 💰 SPONSORS & DISCOUNTS 🐟 Firefish — Non-custodial Bitcoin-back…

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## Transcript

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