skip to Main Content
bitcoin
Bitcoin (BTC) $ 93,475.04 0.56%
ethereum
Ethereum (ETH) $ 1,795.73 2.42%
tether
Tether (USDT) $ 1.00 0.01%
xrp
XRP (XRP) $ 2.22 0.11%
bnb
BNB (BNB) $ 606.01 1.03%
solana
Solana (SOL) $ 151.03 2.05%
usd-coin
USDC (USDC) $ 1.00 0.01%
dogecoin
Dogecoin (DOGE) $ 0.17792 0.54%
cardano
Cardano (ADA) $ 0.696582 3.62%
tron
TRON (TRX) $ 0.247 0.16%

MicroStrategy Directors Now Receive Board Fees in Bitcoin

MicroStrategy, a publicly-listed company spearheaded by Michael Saylor, who’s arguably one of Bitcoin’s biggest proponents, will now pay the board fees to its non-employee directors in bitcoin.

  • According to a new filing with the United States Securities and Exchange Commission (SEC), MicroStrategy has modified the compensation arrangements for non-employee directors.
  • Per the document, they will “receive all fees for their service on the Company’s Board in bitcoin instead of cash.”
  • Going even further, the filing reads that “in approving bitcoin as a form of compensation for Board service, the Board cited its commitment to bitcoin given its ability to serve as a store of value, supported by a robust and public open-source architecture, untethered to sovereign monetary policy.”
  • As to the technicalities of the payments, the amount of the compensation payable to each non-employee director will remain unchanged and nominally denominated in USD. However, at the time of payment, the fees will be converted from USD into bitcoin using a payment processor and deposited to the wallets of the applicable non-employee directors.
  • With this move, the company cements its already bullish stance on Bitcoin and highlights its strong belief in the primary cryptocurrency and the technology that underpins it.
  • The company is also getting closer to owning almost 100,000 bitcoins.
Loading data ...
Comparison
View chart compare
View table compare
Back To Top