At a latest 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 recent company treasury technique. With over 528,000 BTC on its stability sheet, Technique has grow to be probably the most seen—and arguably probably the most profitable—public firm to undertake Bitcoin as a major reserve asset.
“We outperformed all the Nasdaq, all the S&P 500, all the 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 house the executional and monetary outcomes. The discuss, which was half problem and half case examine, urged company leaders to query every thing from their training to their monetary assumptions—and to reimagine their stability sheet within the Bitcoin period.
Companies Aren’t Performing—And Bitcoin Presents a Manner 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 companies—are assembly market expectations. The remainder are stagnating. “Virtually each different firm just isn’t performing,” Le mentioned.
He pointed the finger at entrenched monetary orthodoxy. MBA packages, elite consultancies, and Wall Avenue companies proceed to show the identical playbook: optimize the revenue assertion, reinvest in conventional property, and keep on with quarterly pondering. The result’s systemic underperformance. “All they will do is the S&P 500,” he mentioned, noting even non-public fairness, enterprise capital, and hedge funds hardly ever 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 determination to deal with the stability sheet as a strategic asset—somewhat 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 offers firms with immediate international liquidity. Against this, 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 every day. In actual fact, 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 property.
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 after they rise—making a distorted view of monetary well being.
To shut that hole, Technique has adopted a extra clear method. “We present our outcomes every day. In actual fact, we replace them each fifteen seconds on our web site,” Le mentioned. This real-time reporting displays the always-on nature of Bitcoin and indicators to the market that Technique is enjoying by a unique—and sooner—algorithm.
Relatively than look ahead to establishments to catch up, Technique is setting the usual for the way the efficiency of Bitcoin treasury corporations must be measured.
Why MSTR Inventory Turned the Most Watched within the U.S. Market
Since adopting its Bitcoin treasury technique, MSTR inventory has grow to be “probably the most performant, probably the most risky, the best quantity, and most attention-grabbing inventory in the US,” based on Le. Its efficiency has persistently outpaced conventional benchmarks—not simply because Bitcoin appreciated, however as a result of Technique leaned into its identification as a Bitcoin-native public firm.
And it’s not alone. Le highlighted the rising record 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. “It is 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 buyers to query standard knowledge. Technique’s success didn’t come from following the gang—it got here from rejecting it.
“It takes braveness. It takes unique pondering. It takes unbiased pondering. It takes bravery. It takes Bitcoin.”
As the primary public firm to show Bitcoin right into a cornerstone of its stability sheet, Technique—beneath Michael Saylor’s imaginative and prescient and Phong Le’s management—has redefined what’s attainable in company finance.
Or, as Le put it: “Bitcoin permits firms to search out freedom from the common.”
Disclaimer: This content material was written on behalf of Bitcoin For Companies. 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.
