Inside Strategy’s Bitcoin Treasury: Phong Le on Yield, Risk & the Future of Money

Video Description

In this episode of Coin Stories, Natalie Brunell and Strategy CEO Phong Le discuss why Bitcoin adoption is accelerating, even as market sentiment turns cautious. Phong explains how Strategy thinks about long-term fundamentals, stable yield above inflation, and why access to sound money should be available to everyone. We discuss: - Strategy’s “USD reserve” and addressing the FUD around dividend payments - Why Bitcoin fundamentals matter more than short-term price action - STRC: A 10.75% yielding "bank account” product: what it is and who it's for - Banks coming into Bitcoin: custody, services, and why legacy finance is moving in now - Phong Le’s refugee-to-CEO story — and how that shapes his view of money, freedom, and resilience Follow Phong Le and Strategy on X at https://x.com/Strategy ⚡ Coin Stories is powered by *Gemini* Invest as you spend with the Gemini Credit Card. Sign up today to earn a $200 intro Bitcoin bonus at https://www.gemini.com/natalie ⚡ *Bitwise* has over $10B in client assets, 32 investment products, and a team of 100+ employees across the US and Europe, all focused on Bitcoin and digital assets since 2017. Learn more at https://www.bitwiseinvestments.com ⚡ *Ledn* is the global leader in Bitcoin-backed loans, issuing over $9 billion in loans since 2018, and they were the first to offer proof of reserves. With Ledn, you get custody loans, no credit checks, no monthly payments, and more. Get .25% off your first loan at https://www.Ledn.io/natalie Natalie's Products and Events: 📖 *Order Natalie's new book "Bitcoin is For Everyone"* a simple intro to why life has become unaffordable for so many and why Bitcoin offers hope: https://harriman-house.com/authors/natalie-brunell/bitcoin-is-for-everyone/9781804091135 ⚡ *Lightning Payments* Use Speed Lightning Wallet, play Bitcoin trivia and win up to 1 million free sats! Use promo code COINSTORIES10 https://www.speed.app/coinstories 🔒 *Bitkey Cold Storage* Bitkey was named to TIME's prestigious Best Inventions of 2024 in the category of Privacy & Security. Get 20% off with code STORIES https://bitkey.world 👩‍🏫 *1-on-1 Bitcoin Help* My go-to for help with self-custody, privacy, and VPN support is The Bitcoin Way: https://www.thebitcoinway.com/natalie 🧠 *Bitcoin Education* Genius Group (NYSE: $GNS) is educating the world through the Genius Academy. Check out *free* courses from Saifedean Ammous and myself at https://www.geniusgroup.ai ⛏️ *Become a Bitcoin Miner* Earn passive Bitcoin income with industry-leading uptime, renewable energy, ideal climate, expert support, and one month of free hosting at https://www.AbundantMines.com/Natalie 🎟️ *BITCOIN 2026 RETURNING TO LAS VEGAS* Use code HODL for discounted passes! https://b.tc/conference 📲 *SIM Swap Protection* Secure your mobile phone from hacks that could steal your Bitcoin with Efani, trusted by CEOs, VIPs and top corporations: https://www.efani.com/natalie 🏥 *Ditch Fiat Health Insurance* Join CrowdHealth: https://joincrowdhealth.com/natalie (or promo code NATALIE) *IN THIS EPISODE* 00:00 Bitcoin sentiment vs reality 2:55 Digital money 5:01 Gemini Bitcoin Credit Card | Bitwise | Ledn Bitcoin-backed Loans 6:37 Banks chasing Bitcoin 7:59 Competition from banks? 10:04 Stretch (STRC) 14:07 Moving people away from banks 17:52 Tax efficiency explained 21:19 USD reserve 24:34 Strategy's Bitcoin evolution 26:16 Speed Wallet | Bitkey | The Bitcoin Way | Genius Academy 28:01 Strategy's adaptability 29:28 MSCI index concerns 37:42 Will Strategy be a Bitcoin bank? 41:01 Strong Bitcoin treasury companies 43:06 Strategy's international targets 45:32 More preferred products in 2026? 47:16 Bitcoin beyond politics 50:23 From refugee to CEO 1:01:24 Bitcoin and the American dream *OTHER RESOURCES* Natalie Brunell’s website https://www.talkingbitcoin.com/ Strategy's website https://www.strategy.com/ *SUPPORT NATALIE BRUNELL’S SHOWS* Strike ID https://strike.me/coinstoriesnat/ Cash App $CoinStories *FOLLOW NATALIE BRUNELL ON SOCIAL MEDIA* X https://x.com/natbrunell https://www.instagram.com/nataliebrunell Producer: Aron Bender https://www.linkedin.com/in/aron-bender/ Editor: Silas Foley 📄 LEGAL & RISK DISCLOSURE 1. No Financial Advice: This content is for entertainment purposes only and not intended as financial, legal, or tax advice. I am not a licensed financial advisor. Always consult a professional. 2. Sponsored Content & Affiliate Links: I may receive compensation when you use them, which helps support the channel at no additional cost to you. 3. Crypto Risk Warning: Cryptocurrencies are highly volatile and speculative. Risks include loss of capital, extreme price swings, and lack of regulatory protection. 4. Accuracy & Timeliness: All content reflects personal opinion and is based on available information at the time of recording. No guarantees are made regarding accuracy or future performance. #bitcoin #crypto #macro #stocks #cryptocurrency #news #economy