Uploaded December 2025 | Updated September 2026, 2 weeks ago
Join Strategy's CEO Phong Le and Fundstrat’s Tom Lee on CNBC Power Lunch in December 2025, as they discuss the stock’s pullback and why the company remains 100% committed to its Bitcoin treasury strategy. As the largest corporate Bitcoin holder on earth, Strategy continues to accumulate BTC relentlessly, using equity and convertible raises to build an unmatched position in the best-performing asset of the past decade.
Phong Le shared that Strategy’s average Bitcoin cost basis is around $72,000 (still highly profitable) and the company recently raised $1.44 billion in fresh USD liquidity, covering more than 21 months of debt obligations. Even if Bitcoin were cut in half from current levels, Le made it clear: Strategy would not sell a single Bitcoin until at least 2065, showcasing one of the strongest balance sheets in the market.
Tom Lee highlighted why MSTR has become the ultimate liquid Bitcoin proxy for institutions and traders, trading with higher beta that magnifies upside during bull cycles. Both guests pushed back on short-term noise, reinforcing Bitcoin’s proven track record of 45%+ annualized returns over five years and Le’s conviction that BTC will compound at 20%+ annually for the next two decades. For long-term investors, Strategy remains the premier way to own leveraged, institutional exposure to Bitcoin’s unstoppable rise.
Timestamps:
0:00 - Strategy Stock Down 38% in 2025
0:20 - CEO Fong Lee Joins the Show
0:28 - What Happens When Bitcoin Goes Down?
0:53 - Average Bitcoin Buy Price: $72,000
1:13 - Could Strategy Go Underwater on BTC?
1:51 - Massive Cash Runway & Debt Coverage
2:26 - Why Strategy Stock Is More Volatile Than Bitcoin
2:52 - Tom Lee: Strategy = Bitcoin's Hedging Proxy
3:40 - Leveraged Upside, Amplified Downside
4:14 - Raising $1.44B to Kill the FUD
5:09 - Are Crypto Bubble Fears Finally Over?
6:25 - Would Strategy Ever Sell Bitcoin?
6:53 - Bitcoin's Next 20 Years Outlook
7:17 - Closing Thoughts with Fong Lee
#PhongLe #TomLee #Bitcoin
PHONG LE PLAYLIST:
youtube.com/playlist?list=PL9kWc18Vnvpkac28MrunPqvlQCAZzmAXW
MICHAEL SAYLOR PLAYLIST:
youtube.com/playlist?list=PL9kWc18VnvpnGN86NhKKFvvsjZKRLw4ik
Thank you for watching! If you are enjoying this content like the video and please consider subscribing to Vampyre Drakul today, don't forget to ding that bell! Your support is greatly appreciated!
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X.com/VampyreDrakul
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streamelements.com/vampyredrakul/tip
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1Q5AUg7Y2GU8as3NX7isFApt6XbrSbs5PE
CONTRIBUTE ETH / ERC20 Tokens:
0xeA2042f722E0e5288Ae3F88B0f004F866eaa928f
DISCLAIMER:
This content is for informational, educational and entertainment purposes only. This is not financial advice or any other kind of advice. The producers of this content may include affiliate links and or advertisements that may result in the producers receiving a commission if you purchase a related product or service. This helps support the channel and allows the producers to continue to create content. Thank you for your support!
Join Strategy's CEO Phong Le and Fundstrat’s Tom Lee on CNBC Power Lunch in December 2025, as they discuss the stock’s pullback and why the company remains 100% committed to its Bitcoin treasury strategy. As the largest corporate Bitcoin holder on earth, Strategy continues to accumulate BTC relentlessly, using equity and convertible raises to build an unmatched position in the best-performing asset of the past decade.
Phong Le shared that Strategy’s average Bitcoin cost basis is around $72,000 (still highly profitable) and the company recently raised $1.44 billion in fresh USD liquidity, covering more than 21 months of debt obligations. Even if Bitcoin were cut in half from current levels, Le made it clear: Strategy would not sell a single Bitcoin until at least 2065, showcasing one of the strongest balance sheets in the market.
Tom Lee highlighted why MSTR has become the ultimate liquid Bitcoin proxy for institutions and traders, trading with higher beta that magnifies upside during bull cycles. Both guests pushed back on short-term noise, reinforcing Bitcoin’s proven track record of 45%+ annualized returns over five years and Le’s conviction that BTC will compound at 20%+ annually for the next two decades. For long-term investors, Strategy remains the premier way to own leveraged, institutional exposure to Bitcoin’s unstoppable rise.
Timestamps:
0:00 - Strategy Stock Down 38% in 2025
0:20 - CEO Fong Lee Joins the Show
0:28 - What Happens When Bitcoin Goes Down?
0:53 - Average Bitcoin Buy Price: $72,000
1:13 - Could Strategy Go Underwater on BTC?
1:51 - Massive Cash Runway & Debt Coverage
2:26 - Why Strategy Stock Is More Volatile Than Bitcoin
2:52 - Tom Lee: Strategy = Bitcoin's Hedging Proxy
3:40 - Leveraged Upside, Amplified Downside
4:14 - Raising $1.44B to Kill the FUD
5:09 - Are Crypto Bubble Fears Finally Over?
6:25 - Would Strategy Ever Sell Bitcoin?
6:53 - Bitcoin's Next 20 Years Outlook
7:17 - Closing Thoughts with Fong Lee
#PhongLe #TomLee #Bitcoin
PHONG LE PLAYLIST:
youtube.com/playlist?list=PL9kWc18Vnvpkac28MrunPqvlQCAZzmAXW
MICHAEL SAYLOR PLAYLIST:
youtube.com/playlist?list=PL9kWc18VnvpnGN86NhKKFvvsjZKRLw4ik
Thank you for watching! If you are enjoying this content like the video and please consider subscribing to Vampyre Drakul today, don't forget to ding that bell! Your support is greatly appreciated!
SUBSCRIBE:
youtube.com/VampyreDrakul?sub_confirmation=1
SOCIALS:
twitch.tv/VampyreDrakul
youtube.com/VampyreDrakul
X.com/VampyreDrakul
WEBSITES:
VampyreDrakul.com
twitch.VampyreDrakul.com
youtube.VampyreDrakul.com
CONTRIBUTE COFFEE:
youtube.com/channel/UCY2r4ax23Qm8ovgpuVKoEdg/join
CONTRIBUTE CASH:
streamelements.com/vampyredrakul/tip
CONTRIBUTE BTC:
1Q5AUg7Y2GU8as3NX7isFApt6XbrSbs5PE
CONTRIBUTE ETH / ERC20 Tokens:
0xeA2042f722E0e5288Ae3F88B0f004F866eaa928f
DISCLAIMER:
This content is for informational, educational and entertainment purposes only. This is not financial advice or any other kind of advice. The producers of this content may include affiliate links and or advertisements that may result in the producers receiving a commission if you purchase a related product or service. This helps support the channel and allows the producers to continue to create content. Thank you for your support!
