Microstrategy Will Now Pay Board of Directors in Bitcoin as Treasury Grows to Nearly 100K BTC

Microstrategy Will Now Pay Board of Directors in Bitcoin as Treasury Grows to Nearly 100K BTC

THELOGICALINDIAN - Nasdaqlisted Microstrategy which has accumulated about 100K bitcoins in its treasury has adapted its advantage agreements for the lath of admiral The aggregation will now pay nonemployee admiral in bitcoin citation its charge to the cryptocurrency accustomed its adeptness to serve as a abundance of amount accurate by a able-bodied and accessible opensource architectonics untethered to absolute budgetary policy

Board of Directors Will Be Paid in Bitcoin

Microstrategy Inc. (NASDAQ: MSTR) has filed a anatomy with the U.S. Securities and Exchange Commission (SEC) advertence that its Board of Admiral has “modified the advantage arrange for non-employee directors.” The filing explains, “Going forward, non-employee admiral will accept all fees for their account on the company’s Board in bitcoin instead of cash,” adding:

The SEC filing added clarifies that the lath fees payable to admiral will abide banausic and will abide to be nominally denominated in U.S. dollars beneath the new agreement. It additionally addendum that “At the time of payment, the fees will be adapted from USD into bitcoin by the acquittal processor and again deposited into the agenda wallet of the applicative non-employee director.”

Microstrategy has been aggressively accepting bitcoin aback it fabricated the cryptocurrency the company’s primary assets bill aback in August aftermost year. In its latest advertisement on April 5 apropos the accretion of bitcoin, the aggregation revealed that “it had purchased about 253 bitcoins for $15.0 actor in cash, at an boilerplate amount of about $59,339 per bitcoin, across-the-board of fees and expenses.” As of April 5, Microstrategy says:

Do you anticipate companies’ lath of admiral should be paid in bitcoin? Let us apperceive in the comments area below.

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