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 develop into essentially the most seen—and arguably essentially the most profitable—public firm to undertake Bitcoin as a main reserve asset.
“We outperformed the complete Nasdaq, the complete S&P 500, the complete Magazine Seven… and we outperformed Bitcoin,” Le advised 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 every part from their training to their monetary assumptions—and to reimagine their stability sheet within the Bitcoin period.
Firms Aren’t Performing—And Bitcoin Gives a Method 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 isn’t performing,” Le stated.
He pointed the finger at entrenched monetary orthodoxy. MBA applications, elite consultancies, and Wall Avenue corporations proceed to show the identical playbook: optimize the revenue assertion, reinvest in conventional belongings, and stick with quarterly considering. The result’s systemic underperformance. “All they’ll 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 a scarcity of expertise—it’s a scarcity of creativeness.
Technique’s Bitcoin Playbook: From Money Drag to Digital Capital
What set Technique aside, Le argued, was its resolution to deal with the stability sheet as a strategic asset—somewhat than a passive one. Whereas most firms 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? Become profitable 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 supplies firms with instantaneous 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 absolutely, updating its Bitcoin reserves in actual time. “We present our outcomes each day. In actual fact, we replace them each fifteen seconds on our web site,” Le stated.
Rethinking Accounting in a Bitcoin-Native World
One of many largest challenges for companies 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 belongings.
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 each day. In actual fact, we replace them each fifteen seconds on our web site,” Le stated. 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.
Relatively than watch for establishments to catch up, Technique is setting the usual for the way the efficiency of Bitcoin treasury firms needs to be measured.
Why MSTR Inventory Turned the Most Watched within the U.S. Market
Since adopting its Bitcoin treasury technique, MSTR inventory has develop into “essentially the most performant, essentially the most unstable, the best quantity, and most fascinating inventory in the USA,” in line 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 checklist 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. “It is a replicable technique,” Le stated. “Everybody else needs to be doing this.”
Breaking the Mould: 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 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—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 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.
