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 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 main reserve asset.
“We outperformed your entire Nasdaq, your entire S&P 500, your entire 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 residence the executional and monetary outcomes. The speak, which was half problem and half case research, urged company leaders to query the whole lot 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 Manner Out
On Day 1 of the MIT Bitcoin Expo, Le opened with a breakdown of company America’s efficiency downside. 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 will not be performing,” Le mentioned.
He pointed the finger at entrenched monetary orthodoxy. MBA applications, elite consultancies, and Wall Avenue corporations proceed to show the identical playbook: optimize the earnings assertion, reinvest in conventional property, and keep on with 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—moderately than a passive one. Whereas most corporations park money in low-yield authorities bonds or commodities like gold, Technique selected Bitcoin.
“Why, when you’re an organization, wouldn’t you do the identical factor? Generate profits off of your stability sheet. Is smart.”
Le made the purpose that Bitcoin affords not simply return potential, however structural benefits: it trades 24/7, it isn’t topic to central financial institution coverage, and it gives companies with instantaneous international liquidity. Against this, conventional capital markets function “252 days a yr, 6.5 hours a day—19% of the time.”
Technique has embraced this absolutely, updating its Bitcoin reserves in actual time. “We present our outcomes day by day. Actually, 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 have 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.”
Below 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 day by day. Actually, 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 taking part in by a unique—and quicker—algorithm.
Relatively than look ahead to establishments to catch up, Technique is setting the usual for a way the efficiency of Bitcoin treasury corporations needs to 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 unstable, the best quantity, and most attention-grabbing inventory in america,” in keeping with Le. Its efficiency has persistently 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 related treasury methods. “It is a replicable technique,” Le mentioned. “Everybody else needs to 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 authentic considering. It takes unbiased considering. 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 potential in company finance.
Or, as Le put it: “Bitcoin permits companies to seek out freedom from the typical.”
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 amass, buy, or subscribe for securities.
