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.The modification contemplates only changes to the payment method, but fees to the directors will remain unchanged and nominally denominated in USD.
MicroStrategy rises with Bitcoin
Back in August 2020, MicroStrategy became the first publicly-traded company that modified its treasury strategy to adopt Bitcoin. Its CEO Michael Saylor has become a well-renown figure in the crypto space. Saylor believes Bitcoin is the world’s first monetary network and BTC the only tool to protect MicroStrategy’s value. The company initially bought around $2 billion worth of Bitcoin and since then has increased its reserve to $5 billion.Bitcoin Treasuries ▲2.5x ▲1.7x ▲2.2x ▲1.9x
Hut-8 ▲4.9x
VYGR ▲9.4x ▲9.8x
Meitu ▲1.1x +₿175.7 ▲1.2x ▲166⨉
++Anonim Sirketi [IST:NETHL] ₿2.8🇹🇷Total ₿1,419,937(6.76%)
— BitcoinTreasuries.NET (@BTCtreasuries)
Value $84,972,150,295 by
Additional data provided by Ecoinometrics claims MSTR shares register a 427% rally since the start of its Bitcoin treasury program. This correlates with the cryptocurrency’s performance up 410% in the same period.
MicroStrategy Performance
Since the start of its treasury program: +427% +410% +27.3% — ecoinometrics (@ecoinometrics)
Apr. 09, 2021
Bitcoin trades at $59,913 and has been moving sideways for the past days. In the daily chart, BTC has 0.7% gains and 2.9% in the 7-day chart.