At a current keynote delivered on the MIT Bitcoin Expo, Phong Le, CEO of Technique (NASDAQ: MSTR), made a daring case for Bitcoin as a core part of contemporary company treasury technique. With over 528,000 BTC on its stability sheet, Technique has change into probably the most seen—and arguably probably the most profitable—public firm to undertake Bitcoin as a major reserve asset.
“We outperformed the whole Nasdaq, the whole S&P 500, the whole Magazine Seven… and we outperformed Bitcoin,” Le instructed the viewers.
Whereas Technique Chairman Michael Saylor laid the philosophical basis for Bitcoin’s company use case beginning in 2020, Le’s keynote drove dwelling the executional and monetary outcomes. The discuss, which was half problem and half case research, urged company leaders to query all the pieces from their schooling to their monetary assumptions—and to reimagine their stability sheet within the Bitcoin period.
Firms Aren’t Performing—And Bitcoin Presents a Means Out
On Day 1 of the MIT Bitcoin Expo, Le opened with a breakdown of company America’s efficiency drawback. Of the 35 million corporations within the U.S., solely the highest tier—primarily S&P 500 corporations—are assembly market expectations. The remainder are stagnating. “Virtually each different firm shouldn’t be performing,” Le mentioned.
He pointed the finger at entrenched monetary orthodoxy. MBA applications, elite consultancies, and Wall Road corporations proceed to show the identical playbook: optimize the earnings assertion, reinvest in conventional belongings, and follow quarterly considering. The result’s systemic underperformance. “All they’ll do is the S&P 500,” he mentioned, noting even personal fairness, enterprise capital, and hedge funds not often beat that benchmark.
Le’s thesis: it’s not an absence of expertise—it’s an absence of creativeness.
Technique’s Bitcoin Playbook: From Money Drag to Digital Capital
What set Technique aside, Le argued, was its choice to deal with the stability sheet as a strategic asset—reasonably than a passive one. Whereas most corporations park money in low-yield authorities bonds or commodities like gold, Technique selected Bitcoin.
“Why, in case you’re an organization, wouldn’t you do the identical factor? Generate income off of your stability sheet. Is smart.”
Le made the purpose that Bitcoin gives not simply return potential, however structural benefits: it trades 24/7, it isn’t topic to central financial institution coverage, and it gives firms with immediate world liquidity. In contrast, conventional capital markets function “252 days a 12 months, 6.5 hours a day—19% of the time.”
Technique has embraced this totally, updating its Bitcoin reserves in actual time. “We present our outcomes each day. In reality, we replace them each fifteen seconds on our web site,” Le mentioned.
Rethinking Accounting in a Bitcoin-Native World
One of many greatest challenges for firms adopting Bitcoin is the mismatch between conventional accounting guidelines and a 24/7 asset. Present requirements had been constructed for quarterly earnings and slow-moving monetary devices—not real-time, globally traded digital belongings.
As Phong Le put it: “Accounting insurance policies replace each 5 years, quinquennially. Accounting insurance policies don’t work for Bitcoin.”
Beneath GAAP, Bitcoin is handled as an intangible asset—marked down when costs fall, however not adjusted upward once they rise—making a distorted view of economic well being.
To shut that hole, Technique has adopted a extra clear method. “We present our outcomes each day. In reality, we replace them each fifteen seconds on our web site,” Le mentioned. This real-time reporting displays the always-on nature of Bitcoin and alerts to the market that Technique is enjoying by a distinct—and sooner—algorithm.
Quite than look ahead to establishments to catch up, Technique is setting the usual for a way the efficiency of Bitcoin treasury corporations must be measured.
Why MSTR Inventory Grew to become the Most Watched within the U.S. Market
Since adopting its Bitcoin treasury technique, MSTR inventory has change into “probably the most performant, probably the most risky, the very best quantity, and most attention-grabbing inventory in the US,” in accordance with Le. Its efficiency has constantly outpaced conventional benchmarks—not simply because Bitcoin appreciated, however as a result of Technique leaned into its id as a Bitcoin-native public firm.
And it’s not alone. Le highlighted the rising checklist of corporations replicating the mannequin: Metaplanet, Semler Scientific, and KULR Know-how Group, all of which outperformed the S&P 500 and Bitcoin after adopting comparable treasury methods. “This can be a replicable technique,” Le mentioned. “Everybody else must be doing this.”
Breaking the Mildew: A Company Name to Braveness
Le closed by difficult executives and traders to query standard knowledge. Technique’s success didn’t come from following the group—it got here from rejecting it.
“It takes braveness. It takes unique considering. It takes impartial considering. It takes bravery. It takes Bitcoin.”
As the primary public firm to show Bitcoin right into a cornerstone of its stability sheet, Technique—underneath Michael Saylor’s imaginative and prescient and Phong Le’s management—has redefined what’s doable in company finance.
Or, as Le put it: “Bitcoin permits firms to seek out freedom from the common.”
Disclaimer: This content material was written on behalf of Bitcoin For Firms. This text is meant solely for informational functions and shouldn’t be interpreted as an invite or solicitation to accumulate, buy, or subscribe for securities.
