Why did Strategy Chief Executive Phong Le compare Bitcoin to the United States Constitution?

Strategy Chief Executive Phong Le said Bitcoin (CRYPTO:BTC) is governed by transparent rules and a fixed supply rather than discretionary decisions. He argued these characteristics make Bitcoin a form of money that protects against inflation, censorship and political interference.

What investment did Strategy Chief Executive Phong Le make in STRC?

Strategy Chief Executive Phong Le purchased 11,000 Strategy Stretch preferred shares for approximately US$998,756 through a family trust. He paid a weighted average price of US$90.80 per share and said he intends to hold the investment beyond its return to par value.

How does Strategy keep STRC trading near its target value?

Strategy adjusts the monthly dividend on Strategy Stretch preferred (NASDAQ:STRC) to support trading near its US$100 par value. The company recently increased the annual dividend rate from 9% to 12% as part of that approach.

Why is Strategy closely associated with Bitcoin?

Strategy remains the world's largest corporate holder of Bitcoin (CRYPTO:BTC), with 818,334 BTC on its balance sheet. The company has followed a Bitcoin treasury strategy since 2020 under Executive Chairman Michael Saylor.

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Strategy CEO compares Bitcoin to US Constitution

Q: What did Strategy Chief Executive Phong Le say about Bitcoin's future?

Strategy Chief Executive Phong Le said he believes Bitcoin (CRYPTO:BTC) could become a global reserve asset within the next decade. He presented this as his personal expectation rather than a guaranteed outcome.

Written by Heidi Cuthbert Published Jul 6, 2026, 1:10 AM

Strategy chief executive Phong Le described Bitcoin as the "United States of money" while reaffirming his long-term confidence in the cryptocurrency.
Le's personal investment of about US$1 million in Strategy's STRC preferred shares has returned to break-even as the stock recovered towards its target value.
The comments come as Strategy continues expanding its Bitcoin-focused treasury strategy and preferred stock programme.

Strategy Chief Executive Officer Phong Le described Bitcoin (CRYPTO:BTC) as the "United States of money" while reaffirming his long-term confidence in the cryptocurrency and his company's Bitcoin treasury strategy.

A securities filing dated 22 June showed Le purchased 11,000 Strategy Stretch preferred shares through a family trust for approximately US$998,756 at a weighted average price of US$90.80 per share, with blockchain analytics firm Arkham reporting the investment has since returned to break-even.

"Bitcoin is the United States of money. It aspires to do for money what the American Constitution aspired to do for government: create a system governed by transparent rules rather than the discretion of individuals," said Le.

Strategy designed STRC to trade near its US$100 par value by adjusting its monthly dividend, increasing the annual dividend rate to 12% from 9% since its July 2025 launch, while Le said he intends to hold his investment beyond the shares returning to par value.

Le has also said Bitcoin could become a global reserve asset within the next decade, although he presented this as his personal expectation rather than a certainty, and Strategy shares were not materially affected following his latest comments.

Strategy remains the world's largest corporate Bitcoin holder with 818,334 Bitcoin, continuing the treasury strategy introduced by Executive Chairman Michael Saylor in 2020 despite recent market volatility.

The comments highlight differing views on corporate Bitcoin strategies, with Strategy continuing to expand its Bitcoin holdings while other market participants debate whether institutional adoption or broader macroeconomic conditions will drive the cryptocurrency's long-term value.

At the time of reporting, Bitcoin price was $63,615.45.

Strategy CEO compares Bitcoin to US Constitution

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