Phong Le

speaker

142 appearances 1 recordings 1 series first heard Mar 2026 last heard 3 Mar

Phong Le’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 1 in all, peaking in Mar 2026 with 1.

Appearances

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The Pomp Podcast · The Future of Bitcoin Treasury Companies | Phong Le & David Bailey · 3 Mar 2026 podcast

If you want amplified Bitcoin...

Then you might buy our common MSTR, right, which is now an 80 ARR 80 ball or something in that range product.

That's cool, right?

Like if Bitcoin is not enough for you, you might buy our common equity.

Great.

If you want something that steps down but gives the return profile of Bitcoin, right?

Everybody loves Bitcoin in this room, I assume.

right uh but you're not up for that level of of ar involved then you buy stretch so what is stretch you go on to the nasdaq you're on a robin hood or whatever it is charles schwab or fidelity and you can buy strc it's a perpetual preferred the way the plumbing works is we pay 11 now is 11.25 cash monthly returns tax deferred if you never sell the underlying right

It's 5x over collateralized by Bitcoin.

There's no product out there like that.

What's the equivalent if you want something paying income on a monthly basis, dividends on a monthly basis?

Well, you can buy a money market.

You might want to dabble in corporate bonds, long duration treasuries.

But you're talking about 3%, 4%, 5%.

There's nothing like that.

You want to get up to like 11% returns.

You buy a preferred for a Greek bank.

You might get 11% returns, but it's not 5X over collateralized.

How do we pay the dividend?

We pay the dividend by issuing MSTR equity at a premium to net asset value, which is accretive to our common shareholders.

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