Satscryption's research publication
Satsight
Concise, independent-analyst notes on digital assets, security, energy and the economics of both. Each issue red-teamed against primary sources before it ships.
Every issue follows the house format
What you need to know
Key findings
Recommendations
Strategic planning assumptions
Analysis
Evidence
Issues
Market Note
The exception became the engine: Strategy's dividend carve-out is now its funding model
A rule written for the defensive case now runs the capital structure — and the reserve it feeds is, on same-date arithmetic, very nearly the company's entire liquid balance sheet.
Read note →
Market Note
Bitcoin treasury companies: capital structure, not holdings, decides who owns the bitcoin
The seniority of the claims stacked ahead of common stock — set by both strategy and jurisdiction — matters more than how much bitcoin a company holds. Strategy, Strive and Metaplanet, compared.
Read note →
Innovation Insight
Flexible compute: the largest battery the grid already has
Data centres engineered as virtual power plants become the grid's most valuable flexible asset. Bitcoin mining proved the model; AI is the customer who pays to scale it.
Read note →
More issues in the pipeline — Market Note · Predicts · Assessment