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 recent company treasury technique. With over 528,000 BTC on its stability sheet, Technique has turn into essentially the most seen—and arguably essentially the most profitable—public firm to undertake Bitcoin as a major reserve asset.
“We outperformed your complete Nasdaq, your complete S&P 500, your complete 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 training to their monetary assumptions—and to reimagine their stability sheet within the Bitcoin period.
Companies Aren’t Performing—And Bitcoin Gives a Means Out
On Day 1 of the MIT Bitcoin Expo, Le opened with a breakdown of company America’s efficiency downside. Of the 35 million firms 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 stated.
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 property, and follow quarterly pondering. The result’s systemic underperformance. “All they will do is the S&P 500,” he stated, 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—relatively than a passive one. Whereas most firms park money in low-yield authorities bonds or commodities like gold, Technique selected Bitcoin.
“Why, for those who’re an organization, wouldn’t you do the identical factor? Generate profits off of your stability sheet. Is sensible.”
Le made the purpose that Bitcoin presents not simply return potential, however structural benefits: it trades 24/7, it isn’t topic to central financial institution coverage, and it supplies firms with prompt international liquidity. In contrast, 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 every day. In reality, we replace them each fifteen seconds on our web site,” Le stated.
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.”
Underneath 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 monetary well being.
To shut that hole, Technique has adopted a extra clear strategy. “We present our outcomes every day. In reality, we replace them each fifteen seconds on our web site,” Le stated. This real-time reporting displays the always-on nature of Bitcoin and indicators to the market that Technique is enjoying by a distinct—and quicker—algorithm.
Relatively than watch for establishments to catch up, Technique is setting the usual for the way the efficiency of Bitcoin treasury firms 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 “essentially the most performant, essentially the most risky, the best quantity, and most attention-grabbing 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 identification as a Bitcoin-native public firm.
And it’s not alone. Le highlighted the rising listing of firms replicating the mannequin: Metaplanet, Semler Scientific, and KULR Expertise Group, all of which outperformed the S&P 500 and Bitcoin after adopting related treasury methods. “This can be a replicable technique,” Le stated. “Everybody else ought to be doing this.”
Breaking the Mildew: 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 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—below 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 firms to search out freedom from the typical.”
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.
