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Phong Le

President, CEO & Director, Microstrategy

Search every verified Phong Le interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Phong Le, president and CEO of Strategy, has described the company's evolution from a Bitcoin treasury company into what he calls a "full digital capital platform." In interviews in mid-2026, Le stated that Strategy holds over 840,000 Bitcoin and has issued $10.5 billion of its digital credit product, STRC, which he described as a perpetual preferred security paying approximately 11.5% monthly. He said the company's primary goal is to outperform Bitcoin over time, and that it balances the needs of common shareholders, preferred shareholders, debt holders, and Bitcoin holders. Le explained that the company built a $3 billion cash reserve after listening to preferred shareholders, and that it aims to build USD reserves, return STRC to par, issue more STRC, and buy Bitcoin. Le addressed the company's sale of 32 Bitcoin in June 2026, stating it was done to "inoculate the market" and test processes, and that Strategy remains a net purchaser of Bitcoin. He said the company could sell more Bitcoin before the end of the year if it increases Bitcoin per share, and that doing nothing during a bear market is also an option. Le described Bitcoin as a hedge against inflation and big government, and expressed confidence that clearer regulation would lead major banks to enter the crypto space. He also discussed the company's software business, noting it employs 1,500 people and operates in 25 countries, and said the operating business provides the financial and legal infrastructure that supports Strategy's Bitcoin activities.

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