In a recent one fundamental Delivering at the MIT Bitcoin Expo, Phong Le, CEO of Strategy (Nasdaq: MSTR), presented a bold case for Bitcoin as a central component of the modern corporate treasury strategy. With more than 528,000 BTC in its general balance, the strategy has become the most visible public company, and possibly more successful, to adopt Bitcoin as a main reserve asset.
“We supervised the entire Nasdaq, the entire S&P 500, all the Mag Seven … and we surpassed Bitcoin.” He told the audience.
While the president of the strategy, Michael Saylor, laid the philosophical base for the case of corporate use of Bitcoin from 2020, the main note of the executive and financial results. The talk, which was partly challenged and partly the case study, urged corporate leaders to question everything, from their education to their financial assumptions, and to reinvent their balance in the Bitcoin era.
Corporations are not working, and Bitcoin offers an output
In Day 1 of the Mitcoin ExhibitionHe opened with a breakdown of Corporate America’s performance problem. Of the 35 million companies in the US, only the higher level, mainly S&P 500 companies, meet market expectations. The rest is stagnant. “Almost any other company is not working” He told him.
He pointed to entrenched financial orthodoxy. MBA programs, elite consultancies and Wall Street companies continue to teach the same play book: optimize the income statement, reinvest in traditional assets and follow quarterly thinking. The result is a low systemic performance. “All they can do is the S&P 500”, He said, noting that even private capital, risk capital and coverage funds rarely exceed that reference point.
Le Thesis: It is not a lack of talent, it is a lack of imagination.
Bitcoin Playbook of the strategy: from cash drag to digital capital
What distinguished the strategy, was his decision to treat the balance sheet as a strategic asset, instead of liabilities. While most companies park effective in low -performance government bonds or products such as gold, the strategy chose Bitcoin.
“Why, if you are a company, would you not do the same? Win money with the balance sheet. It makes sense.”
He pointed out that Bitcoin offers not only return potential, but also structural advantages: trades 24/7, is not subject to the policy of the Central Bank and provides corporations to instant global liquidity. On the contrary, traditional capital markets operate “252 days a year, 6.5 a day, 19% of the time.”
The strategy has completely accepted, updating its Bitcoin reserves in real time. “We show our results daily. In fact, we update them every fifteen seconds on our website”, He told him.
Rethink accounting in a native world of Bitcoins
One of the biggest challenges for corporations that adopt Bitcoin is the mismatch between traditional accounting rules and an asset 24/7. Current standards were built for quarterly gains and financial instruments of slow motion, not real -time digital active, negotiated worldwide.
As Phong said it: “Accounting policies are updated every five years, quinquenially. Accounting policies do not work for Bitcoin.”
Bajo Gaap, Bitcoin is treated as an intangible asset, marked when prices fall, but do not fit up when they increase, create a distorted vision of financial health.
To close that gap, the strategy has adopted a more transparent approach. “We show our results daily. In fact, we update them every fifteen seconds on our website”, He told him. This real -time report reflects the always active nature of Bitcoin and market signals that the strategy is playing with a different and faster set of rules.
Instead of waiting for institutions to update, the strategy is establishing the standard of how the performance of Bitcoin Treasury companies should be measured.
Why Mstr’s actions became the most observed in the US market
Since he adopted his Bitcoin Treasury strategy, Mstr’s actions have become “The most active, the most volatile, the highest volume and the most interesting stock in the United States”, According to him. His performance has constantly overcome the traditional reference points, not only because Bitcoin appreciated it, but because the strategy was inclined in his identity as a native public company of Bitcoin.
And it’s not alone. He highlighted the growing list of companies that replicate the model: Metaplenet, Semler Scientific and Kulr Technology Group, all of which surpassed the S&P 500 and Bitcoin after adopting similar treasury strategies. “This is a replicable strategy,” He told him. “Everyone else should be doing this.”
Break the mold: a corporate call to courage
I closed by executives and challenging investors to question conventional wisdom. The success of the strategy did not come to the crowd: it came from rejecting it.
“Courage is needed. Original thought is needed. Independent thought is needed. ValentÃa is needed. Bitcoin is needed.”
As the first public company to convert Bitcoin into a cornerstone of its balance sheet, the strategy, under the vision of Michael Saylor and the leadership of Phong Le, has redefined what is possible in corporate finances.
Or, as he said: “Bitcoin allows corporations to find the freedom of average.”
Discharge of responsibility: This content was written on behalf of Bitcoin for Corporations. This article is intended only for informative purposes and should not be interpreted as an invitation or application to acquire, buy or subscribe for values.
