The biggest publicly-traded company holder of Bitcoin (BTC) simply added three new seats to its board of administrators.
In a brand new submitting with the U.S. Securities and Alternate Fee (SEC), enterprise software program firm MicroStrategy says the variety of its board members has elevated to 9.
“On December 20, 2024, the Board of Administrators (the ‘Board’) of MicroStrategy Included (the ‘Firm’), upon advice from the Nominating Committee of the Board, expanded the scale of the Board from six to 9 members.”
The agency says the board elected Meridian Capital Group CEO and former Performing Comptroller of the Forex Brian Brooks, Brown College chief funding officer Jane Dietze and Fanatics Holdings chief authorized officer Gregg Winiarski as new members.
Brooks, Dietze and Winiarksi shall be eligible to obtain fairness awards underneath the MicroStrategy Included 2023 Fairness Incentive Plan. They’re additionally entitled to compensation and different private advantages for non-employee administrators.
MicroStrategy expanded the scale of its board because it continues to stockpile Bitcoin. Earlier this month, the corporate purchased a further 15,350 BTC. The acquisition brings MicroStrategy’s whole Bitcoin holdings to 439,000 BTC valued at round $41 billion primarily based on the flagship cryptocurrency’s present value of $94,451.
The agency’s co-founder, Michael Saylor, says Bitcoin is rising because the “world’s reserve capital community”. He says the US ought to accumulate BTC to cement its world monetary dominance.
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