Bitcoin Latam Report

#EP7 Boyd Cohen - Mission & Challenges of Mexico’s First Bitcoin Treasury Company (Arcadia₿)

Maciej Cepnik - CMO at Aureobitcoin.com Season 1 Episode 7

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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