
Phong LeePresident & CEO
In this interview, Phong Lee discusses Strategy’s approach to combining a Bitcoin-focused capital strategy with a mature enterprise analytics business. He shares insights on customer-first product development, scaling with patience, and using innovative capital market instruments to expand investor participation. The conversation highlights long-term value creation, the role of Bitcoin in corporate strategy, advancements in business intelligence and AI, and how disciplined execution and strong culture drive sustainable growth.
Founder Stats
- Technology, SaaS, AI, Finance, Cryptocurrency
- Started 2020
- $1M+/mo
- 50+ team
- USA
About Phong Lee
Phong Lee is the President and CEO of Strategy. Since joining the company, he has helped guide its evolution as a leader in enterprise analytics while supporting its pioneering Bitcoin treasury strategy. Under his leadership, Strategy has continued to innovate across business intelligence, AI-powered analytics, and capital markets initiatives. Lee is known for his customer-centric approach, focus on operational excellence, and commitment to building long-term value through disciplined execution and innovation.
Interview
November 05, 2025
Why do Strategy’s preferreds appeal to both young and older investors?

Different people want different return and risk. If you strap public securities to Bitcoin they tend to perform better. Equity has higher return and volatility. Debt and hybrids have lower return and volatility. Preferreds sit in the middle, so they fit many profiles from Robinhood millennials to retirees who want income.
What problem do preferreds solve for a 20-something saver?
What did Robinhood’s listing of the preferreds tell you?
How big can preferreds get and what timeline do you imagine?
Do preferreds compete with the common stock?
How did issuing Stretch affect the capital stack?
What management lesson did you learn from the 2020 Bitcoin pivot?
Did you expect the cultural wave merch, sneakers, orange phones?
How do the software business and Bitcoin business help each other?
What is Strategy’s BI track record in simple terms?
Where does BI go next with AI in the loop?
What operating principle keeps a global team shipping fast?
How do you win trust with larger customers?
How do you think about growth in 2030 without quoting dollars?
What marks the next wave of Bitcoin adoption?
Price targets or milestones what should people focus on?
Table Of Questions
Video Interviews with Phong Lee
The Next Trillion Dollar Company | Phong Le Interview
Cite This Interview
Use this interview in your research, article, or academic work
Related Interviews

Brian Armstrong
Co-founder & CEO at Coinbase
In this interview, Coinbase co-founder and CEO Brian Armstrong joins Nikhil Kamath to explore the evolution of global finance, stablecoin economics, and cryptocurrency opportunities in…

Palmer Luckey
Founder at Anduril Industries
In this interview, Anduril Industries founder Palmer Luckey discusses the company's culture and its rapid deployment of autonomous defense products like the Fury fighter jet.…

Cathie Wood
Founder, CEO & CIO at ARK Invest
In this interview, ARK Invest founder and CEO Cathie Wood discusses Bitcoin bottoming and emerging into a broad multi-year uptrend. Wood details critical macroeconomic metrics,…

Collin Kettell
Founder & CEO at Palisades Goldcorp
In this interview, Palisades Goldcorp founder and CEO Collin Kettell discusses their unique warrant-centric resource investment strategy at the Rick Rule Symposium. He details the…

Rajan Sethuraman
CEO at LatentView Analytics
In this interview, LatentView Analytics CEO Rajan Sethuraman discusses the firm's non-exclusive services partnership with Anthropic to deploy Claude in enterprise environments. He details LatentView's…

Krishna Rangasayee
Founder & CEO at SiMa.ai
In this interview, SiMa.ai founder and CEO Krishna Rangasayee discusses the transition of physical AI from early adoption to mainstream production. Speaking at the RAISE…