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 element 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 main reserve asset.
“We outperformed the whole Nasdaq, the whole S&P 500, the whole 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 examine, urged company leaders to query the whole lot from their training to their monetary assumptions—and to reimagine their stability sheet within the Bitcoin period.
Firms Aren’t Performing—And Bitcoin Presents a Approach 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 remaining are stagnating. “Nearly each different firm shouldn’t be performing,” Le stated.
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 stick with quarterly pondering. The result’s systemic underperformance. “All they will do is the S&P 500,” he stated, noting even non-public 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 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, if you happen to’re an organization, wouldn’t you do the identical factor? Generate income off of your stability 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 offers companies with prompt 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 day by day. In truth, 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 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 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 after they rise—making a distorted view of economic well being.
To shut that hole, Technique has adopted a extra clear strategy. “We present our outcomes day by day. In truth, 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 taking part in by a distinct—and sooner—algorithm.
Moderately than look forward to establishments to catch up, Technique is setting the usual for the way the efficiency of Bitcoin treasury firms must 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 turn into “essentially the most performant, essentially the most risky, the very best quantity, and most fascinating inventory in america,” in keeping 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 record of firms 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 stated. “Everybody else must be doing this.”
Breaking the Mildew: A Company Name to Braveness
Le closed by difficult executives and traders to query standard 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 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 attainable in company finance.
Or, as Le put it: “Bitcoin permits companies to seek 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.
