BRITISH HODL

UNDERSTAND. EVALUATE. DECIDE.

BITCOIN DIGITAL CREDIT FUNDAMENTALS

Bitcoin’s Next Buyers May Never Own Bitcoin.

Learn how digital credit connects income-seeking capital to Bitcoin—and how to evaluate the opportunity, the securities and the risks.

5 focused videos. Plain-English explanations. Built for Bitcoin holders.

By joining, you agree to receive emails from British HODL about this training. Unsubscribe at any time.

Join the interest list. This training is free.

THE MISSING PIECE

Before You Buy the Yield, Understand the Business.

You can be bullish on Bitcoin and still misunderstand the security in front of you.

This training is designed to help everyday Bitcoin investors understand the digital-credit model Michael Saylor is advocating: who provides the capital, how issuers fund payments, and who carries the risk.

You’ll learn to distinguish the Bitcoin thesis from the investment case for a common share or preferred security—so you can evaluate each on its own terms.


Understand the model. Evaluate the security. Know the risk you’re taking.

THE FIVE-VIDEO PROGRAM

What You’ll Learn.

From the source of the capital to the decision in your portfolio.

01

Bitcoin’s Next Buyers Don’t Want Bitcoin

Explore why some investors want income rather than direct Bitcoin exposure—and how their capital can help finance Bitcoin purchases. Understand the role digital credit could play in bringing different investors into the Bitcoin economy.

02

Where Bitcoin Income Really Comes From

Follow the money from security issuance to Bitcoin purchases and investor distributions. Learn to ask who owes you the cash, how payments are funded, and what happens when access to new capital becomes more difficult.

03

Why a 12% Yield Can Still Lose You Money

Look beyond the payout. Understand purchase price, total return, liquidity and issuer risk—and learn how to assess an attractive yield without mistaking it for a safe investment.

The 12% yield is an illustrative teaching example, not a current quote or a promised return.

04

More Bitcoin Per Share Is Not the Whole Story

Learn what amplification, dilution and financing costs reveal—and what Bitcoin-per-share growth alone can miss. Separate success for a treasury company from the outcome for its common shareholders.

05

You Can Benefit Without Buying the Credit

Compare the roles of Bitcoin, treasury-company common shares and preferred securities. Understand how digital credit could matter to your existing Bitcoin holdings—even when your decision is not to buy the credit.

NOTIFY ME AT LAUNCH

Get release and access details by email. This training is free.

Built for Bitcoin Holders Who Want the Whole Picture.

You hold Bitcoin.

Understand why digital credit could matter to the asset you already own, without feeling that you have to buy something else.

You’re looking at the stocks.

Build a framework for understanding treasury-company financing, common-share dilution and the trade-offs behind growth.

You’re assessing income.

Know which questions to ask before considering a preferred security: what you own, how you get paid, and what can go wrong.

YOUR INSTRUCTOR

Taught by BRITISH HODL.

My goal is not to make you buy a preferred share. It is to help you understand the business model, evaluate the security, and know the opportunity—and risk—you are choosing.

This program brings the traditional-finance concepts behind digital credit into plain English for Bitcoin investors. No assumed background in bonds or preferred shares. No trading signals. No promises of guaranteed income.


The objective: become a more informed Bitcoin investor—not a more impulsive buyer.

Before You Join.

Do I need to understand bonds or preferred shares?

No. The program is designed for everyday Bitcoin investors. The concepts are introduced in plain English and connected back to decisions a Bitcoin holder might face.

Do I have to buy a digital-credit product?

No. Understanding the market is valuable even when you decide not to participate. The final lesson specifically explores the perspective of an investor who continues to hold Bitcoin without buying the credit.

Is this personalised investment advice?

No. This is financial education, not a recommendation to buy or sell a particular security. It does not assess your personal circumstances or promise investment returns.

What happens when I sign up?

You join the interest list for Digital Credit: Essential Training and agree to receive updates about the program. Launch timing, pricing and access details will be announced. Joining the list does not give immediate course access, and no payment is collected.

DIGITAL CREDIT: ESSENTIAL TRAINING

Understand the Opportunity. Before You Take the Risk.

Five videos from BRITISH HODL to help you understand digital credit, evaluate the securities and make a more informed decision.

By joining, you agree to receive emails from British HODL about this training. Unsubscribe at any time.

No payment today. Launch and access details to follow.


© 2026 BRITISH HODL

For educational purposes only. Not investment, legal or tax advice, and not an offer to buy or sell a security. Capital is at risk. No investment returns or distributions are guaranteed. Examples are illustrative; security terms and circumstances may change.

References to Michael Saylor, Strategy or other people and issuers are for education and do not imply their sponsorship or endorsement of this training.