Microstrategy Will Now Pay Board of Directors in Bitcoin as Treasury Grows to...
Nasdaq-listed Microstrategy, which has amassed nearly 100K bitcoins in its treasury, has modified its compensation agreements for the board of directors. The company will now pay non-employee directors in bitcoin, citing its commitment to the cryptocurrency “given its ability to serve as a store of value, supported by a robust and public open-source architecture, untethered to sovereign monetary policy.” Board of Directors Will Be Paid in Bitcoin Microstrategy Inc. (NASDAQ: MSTR) has filed a form with the U.S. Securities and Exchange Commission (SEC) stating that its Board of....
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Per a Form 8-K filed with the U.S. Security and Exchange Commission (SEC), software company MicroStrategy (MSTR) will pay its board of directors in Bitcoin. The decision was taken on April 11, 2021, and it’s applicable to all non-employee directors. As the document says the executives will receive all fees for their service to MicroStrategy […]
MicroStrategy has announced that it will pay its board of directors in bitcoin, furthering its remarkable journey toward hyperbitcoinization.
Cash is out of the board room and Bitcoin is in as MicroStrategy announces it will pay director bonuses in BTC instead of dollars. Business intelligence firm MicroStrategy announced on Sunday that its board of directors will now receive bonuses in Bitcoin (BTC) instead of cash. A modified 8-K form filed with the United States Securities and Exchange Commission revealed MicroStrategy’s decision to dispense with cash bonuses and instead use Bitcoin to compensate those on the company’s board. The modified filing states:“Going forward, non-employee directors will receive all fees for their....
The Bitcoin Foundation board of directors has issued a new statement on the controversy surrounding its current financial situation and proposed restructuring. Overall, the blog post seeks to clarify perceived misstatements issued over the weekend in a post that generated widespread discussion in the community. The full release takes aim at accusations that the organisation is "bankrupt" and has fired "90% of its staff". Though attributed to the Bitcoin Foundation board of directors, the statement does not seem to represent the board in its entirety. Both board members representing the....
MSTR rallied by as much as 10% on Tuesday, just one day after an SEC filing showed that non-employee board members will be paid in BTC. Shares of MicroStrategy (MSTR) surged to one-month highs on Tuesday as Bitcoin’s (BTC) gravitational pull on crypto proxy stocks continued to strengthen following another record-breaking rally for the digital asset. Shares of the business intelligence firm touched an intraday high of $770 on the New York Stock Exchange, representing a gain of 10% — the highest level since March 11. At current values, MicroStrategy has a total market capitalization of $7.5....