{
  "version": "1.2.0",
  "chapters": [
    {
      "startTime": 53,
      "title": "True North Returns: Episode 37"
    },
    {
      "startTime": 235,
      "title": "Agenda: MNAV Guidance, Leverage, and Refinancing Risk"
    },
    {
      "startTime": 272,
      "title": "MicroStrategy's Leverage Update"
    },
    {
      "startTime": 653,
      "title": "MicroStrategy Can Refinance Debt Quickly"
    },
    {
      "startTime": 972,
      "title": "Discussing the Risk Profile of Bitcoin"
    },
    {
      "startTime": 1136,
      "title": "Addressing Concerns About MicroStrategy's Leverage"
    },
    {
      "startTime": 1561,
      "title": "Understanding a Bitcoin Treasury"
    },
    {
      "startTime": 1789,
      "title": "MNAV Guidance: Changes and Investor Anxiety"
    },
    {
      "startTime": 2250,
      "title": "Charting New Territory as a Bitcoin Treasury Company"
    },
    {
      "startTime": 2480,
      "title": "Capital Feedback and Learning from Mistakes"
    },
    {
      "startTime": 2754,
      "title": "MicroStrategy Common Equity and Dividend Payments"
    },
    {
      "startTime": 3013,
      "title": "BTC Over Collateralization"
    },
    {
      "startTime": 3194,
      "title": "Institutional Holdings and the Importance of Trust"
    },
    {
      "startTime": 3494,
      "title": "Bitcoin Treasury Companies and the Ecosystem"
    },
    {
      "startTime": 3832,
      "title": "This Education's Gap Is Going to Get Wider"
    },
    {
      "startTime": 4375,
      "title": "Need to Understand a Bitcoin Treasury"
    },
    {
      "startTime": 4874,
      "title": "Capital, the Collateral Ratio and the Metrics"
    }
  ]
}