MicroStrategy CEO Phong Le has called Bitcoin (BTC) the “United States of money.” Investigators at the Arkham chain say a $1 million bet they made on the company’s favorite brand has backfired.
The purchase, in safe deposit, doubles as your return on Le runs company. Strategy, formerly MicroStrategy, is fighting to capitalize on Stretch preferred stock (STRC) near Bitcoin’s decline.
Betting $1 Million Back on Break-Even
On June 22 reservation shows Le bought 11,000 shares of STRC through his family’s trust. They paid about $90.80 each, or about $998,756. He designed it as a long-term project, not a business.
That price was below STRC’s quoted price of $100. The strategy designed the stock to trade around this $100 per chargechange his monthly salary to protect the trophy.
The company has raised STRC’s annual dividend to 12%, up from 9% by July 2025. This has brought the shares back into the fold. Arkham now emphasizes Le’s role during the break.
The recovery is important because STRC holds more than $13 billion in preferred stock. MicroStrategy has recently been described a The new Bitcoin trading system which will provide the proceeds from the sale of some of its assets.
“I bought $1 million of $STRC today. I’ll hold it until it hits the bottom, maybe longer,” Le explained of the June purchase. post.
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Why Le Call Bitcoin the United States of Money
Le explained his case for Bitcoin, describing it as a transparent and stable legal currency that no government can issue. He said that the economy protects the economy from inflation, scrutiny and political pressure.
“Bitcoin is the United States of money. It wants to do what the American Constitution wanted the government to do: create a system governed by transparent laws and not public opinion… But beyond that, Bitcoin is hope,” he said.
He connected the mind with the past. He linked his family’s journey to emigration from Vietnam with the belief that people should control their money. Le predicted that Bitcoin could become the global economy within a decade.
Certainty is weighted because Le runs The waythe largest Bitcoin company at 818,334 BTC.
Founder Michael Saylor pioneered the savings model in 2020. Le points to banks like Goldman Sachs and Citi adding Bitcoin services as evidence that the revolution is real.
Not everyone is optimistic. Bitwise said Strategy is no longer available The biggest Bitcoin buyer. The company also posted a $12.5 billion quarterly loss as bitcoin fell. A competitor corporate Bitcoin Treasuries it has been accumulating through the fall.
Whether the break-even works depends on how STRC is Bitcoin bear market play from here. Currently, Les balance sheet and personal account are pointing in the same direction.
A note MicroStrategy CEO Calls Bitcoin ‘United States of Money’ appeared for the first time BeInCrypto.
