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 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 the complete Nasdaq, the complete S&P 500, the complete 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 discuss, which was half problem and half case examine, urged company leaders to query every thing from their schooling to their monetary assumptions—and to reimagine their steadiness sheet within the Bitcoin period.
Companies 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 companies—are assembly market expectations. The remaining are stagnating. “Nearly each different firm shouldn’t be performing,” Le mentioned.
He pointed the finger at entrenched monetary orthodoxy. MBA applications, elite consultancies, and Wall Avenue companies proceed to show the identical playbook: optimize the earnings assertion, reinvest in conventional belongings, and stick with quarterly considering. The result’s systemic underperformance. “All they will do is the S&P 500,” he mentioned, noting even personal fairness, enterprise capital, and hedge funds hardly ever 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 steadiness sheet as a strategic asset—relatively 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? Make cash off of your steadiness sheet. Is smart.”
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 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 every 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 greatest challenges for companies adopting Bitcoin is the mismatch between conventional accounting guidelines and a 24/7 asset. Present requirements had 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 once 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 every 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 alerts to the market that Technique is taking part in by a distinct—and sooner—algorithm.
Reasonably than await establishments to catch up, Technique is setting the usual for the way the efficiency of Bitcoin treasury corporations must 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 unstable, the very best quantity, and most fascinating inventory in the USA,” based on 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 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. “This can be a replicable technique,” Le mentioned. “Everybody else must 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 group—it got here from rejecting it.
“It takes braveness. It takes unique 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 steadiness 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 companies to search out freedom from the common.”
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 amass, buy, or subscribe for securities.