Strategy CEO Phong Le and Blockstream CEO Adam Back appeared Wednesday on a panel moderated by Natalie Brunell, covering Bitcoin treasury strategy, tokenization, digital credit, and the enduring mystery of Satoshi Nakamoto. 

The conversation drew a picture of a financial system in transition, with Bitcoin at its center.

Le opened with a striking observation about Strategy’s Bitcoin holdings. The company now holds 818,334, putting it second behind only one entity. 

“There is only one individual entity with more Bitcoin than Strategy,” Le said. “That’s Satoshi.” 

The firm is on pace to reach 1 million BTC in the next couple of months, a milestone that would…

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