Bitcoin Latam Report
Hosted by Maciej Cepnik, a Canadian who moved to Mexico and is a Bitcoin entrepreneur, this show features English-language interviews with Bitcoin founders, builders, and operators across the entire Latin American region. From Mexico City to Buenos Aires, we dig into how Bitcoin is used for payments, remittances, mining, and regulation, along with the hard lessons, tactics, and opportunities shaping the LatAm ecosystem.
Bitcoin Latam Report
#EP7 Boyd Cohen - Mission & Challenges of Mexico’s First Bitcoin Treasury Company (Arcadia₿)
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In Episode 7 of the Bitcoin Latam Report, Maciej Cepnik sits down with Boyd Cohen (CSO at Arcadia₿) to unpack what it really takes to build Mexico’s first Bitcoin treasury company.
They discuss how Arcadia₿ is navigating Mexico’s capital markets to launch a public instrument tied to Bitcoin. Maciej challenges
They also get into: how auditors look at Bitcoin on a balance sheet in Mexico, why some investors still prefer centralized style custody, how multi-institution custody (MIC) fits in. Boyd also shared updates on Arcadia₿ next products and services.
01:24 Boyd’s Bitcoin story
03:38 Maybe capitalism is broken?
04:06 From books on capitalism → discovering Bitcoin & crypto
08:50 Going Bitcoin-only and teaching Bitcoin at EGADE (Tec de Monterrey)
09:04 Meeting Jose Carlos Flores → KapitalX → Arcadia₿ + the treasury idea
10:06 What is a Bitcoin treasury company
16:24 Mexico’s path to public markets
22:48 Arcadia₿’s early BTC treasury
23:56 Custody models: self-custody, MIC, and why the tradeoffs matter
30:49 Multi-sig security (distributed keys across countries) + operational risk
33:50 SOC 2 / becoming a qualified custodian and what it unlocks
35:40 Selling Bitcoin exposure
43:34 Ricardo Salinas: net positive for Mexico’s Bitcoin adoption or risk?
48:22 Arcadia₿ app revamp: UX overhaul, referrals, DCA, and cashback card updates
50:46 New lending: real-estate-backed structure to buy more Bitcoin
58:38 What Mexico’s Bitcoin scene still needs
01:03:46 Doing business as a foreigner in Mexico
01:08:28 Closing thought: AFORE pensions, why treasury companies might matter
Show Notes:
✅ Follow Boyd on X: @boydcohen
✅ Follow Arcadia₿ on X: @arcadiabtc
✅ Follow Maciej on X: @CepnikMaciej
✅ Follow Aureo on X: @AureoBitcoin
✅ Arcadia₿: https://www.arcadiab.com/
✅ Boyd’s book (Bitcoin Singularity): https://www.amazon.com.mx/dp/B0F84CJX6F
This podcast is part of the Aureo Media Network.
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#Bitcoin #Mexico #BitcoinTreasury #SelfCustody #LatAm