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 contemporary company treasury technique. With over 528,000 BTC on its steadiness sheet, Technique has grow to be essentially the most seen—and arguably essentially 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 examine, urged company leaders to query every thing from their training to their monetary assumptions—and to reimagine their steadiness 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 companies—are assembly market expectations. The remainder are stagnating. “Virtually each different firm will not be performing,” Le stated.
He pointed the finger at entrenched monetary orthodoxy. MBA packages, elite consultancies, and Wall Avenue companies proceed to show the identical playbook: optimize the revenue assertion, reinvest in conventional property, and stick with quarterly pondering. 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 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 resolution to deal with the steadiness sheet as a strategic asset—slightly than a passive one. Whereas most firms park money in low-yield authorities bonds or commodities like gold, Technique selected Bitcoin.
“Why, should you’re an organization, wouldn’t you do the identical factor? Generate profits off of your steadiness 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 gives 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 totally, updating its Bitcoin reserves in actual time. “We present our outcomes each 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 largest 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 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 method. “We present our outcomes each 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 alerts to the market that Technique is enjoying by a unique—and quicker—algorithm.
Relatively than look ahead to establishments to catch up, Technique is setting the usual for a 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 grow to be “essentially the most performant, essentially the most risky, the very best quantity, and most attention-grabbing inventory in america,” in line with Le. Its efficiency has persistently 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 traders 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 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 steadiness 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 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.
