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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.

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