Phong Le: How Strategy's STRC Pays 11.5% From Bitcoin | Bitcoin Backstage

Phong Le: How Strategy's STRC Pays 11.5% From Bitcoin | Bitcoin Backstage

From Bitcoin Magazine Podcast by BTC Media

June 2, 2026 · 23 min

About this episode

Phong Le discusses Strategy's innovative financial product STRC and its impact on Bitcoin accumulation.

Strategy went from holding Bitcoin on its balance sheet to inventing an entirely new asset class and Phong Le is at the center of it. In this Bitcoin Backstage conversation, the Strategy CEO breaks down STRC, the perpetual preferred product paying ~11.5% annualized monthly, and explains how it's funneling capital straight back into Bitcoin accumulation. Phong shares Strategy's path toward one million BTC, what people misunderstand about Michael Saylor, and why tokenized securities could be the next great unlock. Use code BM10 to get 10% off Bitcoin 2027 Conference in Nashville: https://2027.b.tc 🔶 Host: Isabella Santos — Get Based 🔶 Phong Le — President & CEO, Strategy Chapters: 01:13 — From 4 to 200 Bitcoin Treasury Companies in One Year 03:54 — The Road to One Million Bitcoin 04:49 — How STRC Funds Strategy's Bitcoin Accumulation 06:23 — Bitcoin's "iPhone Moment" and Advice to Apple 09:11 — Working With Michael Saylor: The Side You Don't See 11:00 — Handling Haters, Useful Critics, and Perpetual Negativity 14:18 — Fire Round: Hottest Bitcoin Takes & $1M BTC 17:18 — Leadership, Life Mottos, and a Message to Bitcoiners #Bitcoin #PhongLe #Strategy…

People in this episode

Host: Isabella Santos

Guest: Phong Le

Topics covered

  • Bitcoin accumulation
  • tokenized securities
  • investment strategy
  • capital markets
  • Bitcoin treasury

Keywords

  • Bitcoin
  • STRC
  • Strategy
  • Michael Saylor
  • tokenization
  • Bitcoin yield
  • capital markets

Sponsors

Bitcoin 2027 Conference

Mentioned in this episode

Organizations: Strategy, Bitcoin Magazine, MicroStrategy, Nasdaq

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