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 contemporary company treasury technique. With over 528,000 BTC on its steadiness 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 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 dwelling the executional and monetary outcomes. The discuss, which was half problem and half case research, urged company leaders to query the whole lot 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 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 corporations 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 packages, elite consultancies, and Wall Avenue corporations proceed to show the identical playbook: optimize the revenue assertion, reinvest in conventional property, and follow quarterly considering. The result’s systemic underperformance. “All they’ll do is the S&P 500,” he stated, noting even non-public 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 determination to deal with the steadiness sheet as a strategic asset—quite than a passive one. Whereas most corporations 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? Become profitable off of your steadiness 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 companies with on the spot world 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 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 firms 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 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 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 indicators to the market that Technique is enjoying by a distinct—and quicker—algorithm.
Slightly than look forward to establishments to catch up, Technique is setting the usual for a 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 “essentially the most performant, essentially the most risky, the best quantity, and most attention-grabbing inventory in the USA,” in response to 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 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 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 unique considering. It takes unbiased considering. It takes bravery. It takes Bitcoin.”
As the primary public firm to show Bitcoin right into a cornerstone of its steadiness sheet, Technique—underneath Michael Saylor’s imaginative and prescient and Phong Le’s management—has redefined what’s doable 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 amass, buy, or subscribe for securities.