CryptoWhistle - Crypto Currency Tracker logo CryptoWhistle - Crypto Currency Tracker logo
Seeking Alpha 2021-04-12 12:34:08

MicroStrategy to pay board in bitcoin

MicroStrategy's (MSTR) board has modified the compensation of non-employee directors, who will receive all of their service fees in bitcoin instead of cash going forward.The amount of fees payable to the directors remains unchanged and will be nominally denominated in USD. At the time of payment, the fees will be converted from USD to bitcoin by the payment processor and then deposited into the director's digital wallet.MicroStrategy shares are up 3.4% pre-market to $735 alongside a rally in bitcoin (BTC-USD) over the weekend to above $60K.Last week, Canaccord Genuity came out bullish on MicroStrategy's "innovative" bitcoin strategy, which bolsters the maturing core enterprise intelligence software business.

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.