But Strategy CEO Phong Le isn’t joking. In a CoinDesk podcast recorded on August 10, Le declared that Strategy, formerly known as MicroStrategy, functions as Bitcoin’s central bank. What “central bank of Bitcoin” actually meansLe’s central bank analogy is provocative, but it carries a specific logic. Strategy claims to act as a liquidity provider and price signaler, while asserting that it remains fundamentally a net buyer of Bitcoin. Corporate treasury strategy as competitive moatLe has expressed confidence that Strategy’s stock could outperform Bitcoin itself during the next bull cycle.