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 element of contemporary company treasury technique. With over 528,000 BTC on its steadiness sheet, Technique has turn 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 informed 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 research, urged company leaders to query every part from their schooling to their monetary assumptions—and to reimagine their steadiness sheet within the Bitcoin period.
Firms Aren’t Performing—And Bitcoin Gives a Approach 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 remaining are stagnating. “Nearly each different firm isn’t performing,” Le mentioned.
He pointed the finger at entrenched monetary orthodoxy. MBA packages, elite consultancies, and Wall Road corporations proceed to show the identical playbook: optimize the earnings assertion, reinvest in conventional property, and persist 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 steadiness 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, if you happen to’re an organization, wouldn’t you do the identical factor? Earn a living off of your steadiness sheet. Is sensible.”
Le made the purpose that Bitcoin provides 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 on the spot international 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 absolutely, 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 largest 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.”
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 strategy. “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 indicators to the market that Technique is taking part in by a unique—and sooner—algorithm.
Somewhat than look forward to establishments to catch up, Technique is setting the usual for the way the efficiency of Bitcoin treasury corporations ought to be measured.
Why MSTR Inventory Turned the Most Watched within the U.S. Market
Since adopting its Bitcoin treasury technique, MSTR inventory has turn into “probably the most performant, probably the most risky, the very best quantity, and most fascinating inventory in america,” 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 listing of corporations replicating the mannequin: Metaplanet, Semler Scientific, and KULR Expertise 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 ought to be doing this.”
Breaking the Mould: A Company Name to Braveness
Le closed by difficult executives and buyers to query typical knowledge. Technique’s success didn’t come from following the group—it got here from rejecting it.
“It takes braveness. It takes authentic pondering. It takes impartial pondering. It takes bravery. It takes Bitcoin.”
As the primary public firm to show Bitcoin right into a cornerstone of its steadiness sheet, Technique—beneath 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 search 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.
