Phong Le has a new nickname for Bitcoin: the “United States of Money.” The MicroStrategy (now just Strategy) CEO made the case in a series of posts, arguing Bitcoin is money governed by transparent rules and fixed supply — something no government can inflate away.
“Bitcoin aspires to do for money what the American Constitution aspired to do for government,” Le wrote. He tied the belief to his family’s refugee journey from Vietnam. People should control their own money, he says. The man predicts Bitcoin becomes a global reserve asset within a decade.
Meanwhile, his personal bet on the company is back at break-even. A June 22 SEC filing shows Le bought 11,000 shares of Strategy’s Stretch preferred stock (STRC) through his family trust — about $998,756 at $90.80 apiece. At the time, that was below STRC’s $100 par value. Strategy lifted the annual dividend to 12% from 9%, pulling shares back toward par. Arkham now pegs Le’s position at break-even.
The recovery matters because STRC anchors a preferred-stock stack now worth over $13 billion. Strategy recently outlined a Bitcoin sales policy to fund those dividends by selling some of its 818,334 BTC holdings.
Not everyone’s sold on the vision. Bitwise says Strategy is no longer Bitcoin’s dominant buyer. The firm also booked a $12.5 billion quarterly loss during the slump. Corporate rivals like Metaplanet have kept accumulating through it all.
Le’s balance sheet and his mouth are pointing in the same direction. We’ll see if the market follows.
