Phong Le, CEO of Strategy, emphasized Bitcoin's importance in corporate treasury strategies during his keynote at the MIT Bitcoin Expo. With over 528,000 BTC held, Strategy exemplifies successful corporate Bitcoin adoption. Le criticized U.S. corporate performance, noting only top-tier firms are meeting market expectations while many lag behind due to traditional financial orthodoxy. He urged corporations to reconsider their perspectives on balance sheets and financial strategies, suggesting a shift towards Bitcoin could revolutionize their performance and foster innovative thinking.
"Almost every other company is not performing," Le said.
"All they can do is the S&P 500," he said, noting even private equity, venture capital, and hedge funds rarely beat that benchmark.
"We outperformed the entire Nasdaq, the entire S&P 500, the entire Mag Seven... and we outperformed Bitcoin," Le told the audience.
The talk, which was part challenge and part case study, urged corporate leaders to question everything from their education to their financial assumptions."
Collection
[
|
...
]