{"id":461097,"date":"2021-04-12T19:00:15","date_gmt":"2021-04-12T19:00:15","guid":{"rendered":"https:\/\/wncen.com\/?p=461097"},"modified":"2021-04-12T19:03:50","modified_gmt":"2021-04-12T19:03:50","slug":"why-microstrategy-decided-to-paid-its-board-of-directors-in-bitcoin","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/why-microstrategy-decided-to-paid-its-board-of-directors-in-bitcoin\/","title":{"rendered":"Why MicroStrategy decided to paid its Board of Directors in Bitcoin"},"content":{"rendered":"<p>Per a Form 8-K filed with the U.S. Security and Exchange Commission (SEC), software company MicroStrategy (MSTR) will pay its board of directors in Bitcoin. The decision was taken on April 11, 2021, and it\u2019s applicable to all non-employee directors.<\/p>\n<p>As the document says the executives will receive all fees for their service to MicroStrategy in Bitcoin and not cash. The company is taking a step further in its \u201ccommitment\u201d to strengthen the thesis of Bitcoin as a store of value. As the form 8-K <a href=\"https:\/\/twitter.com\/michael_saylor\/status\/54717699\" rel=\"nofollow\">claims<\/a>:<\/p>\n<blockquote><p>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.<\/p><\/blockquote>\n<p>The modification contemplates only changes to the payment method, but fees to the directors will remain unchanged and nominally denominated in USD.<\/p>\n<p>The company will convert the fee from fiat currency to BTC using an unnamed payment processor. Then, the executives will receive Bitcoin in their personal digital wallet.<\/p>\n<h2><strong>MicroStrategy rises with Bitcoin<\/strong><\/h2>\n<p>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.<\/p>\n<p>Saylor believes Bitcoin is the world&#8217;s first monetary network and BTC the only tool to protect MicroStrategy\u2019s value. The company initially bought around $2 billion worth of Bitcoin and since then has increased its reserve to $5 billion.<\/p>\n<p>Matching BitcoinTreasuries.org data, the Saylor-led company holds $5,476,643,990 or 91,579 BTC. Therefore, it has the largest reserve of Bitcoin that belongs to a public company. In the second position is Tesla with 48,000 BTC and Square with 8,027.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"und\" dir=\"ltr\">Bitcoin Treasuries<a href=\"https:\/\/twitter.com\/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$MSTR<\/a> \u25b22.5x<a href=\"https:\/\/twitter.com\/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$TSLA<\/a> \u25b21.7x<a href=\"https:\/\/twitter.com\/search?q=%24SQ&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$SQ<\/a> \u25b22.2x<a href=\"https:\/\/twitter.com\/search?q=%24MARA&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$MARA<\/a> \u25b21.9x<br \/>Hut-8 \u25b24.9x<br \/>VYGR \u25b29.4x<a href=\"https:\/\/twitter.com\/search?q=%24RIOT&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$RIOT<\/a> \u25b29.8x<br \/>Meitu  \u25b21.1x +\u20bf175.7<a href=\"https:\/\/twitter.com\/Seetee_io?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@Seetee_io<\/a> \u25b21.2x<a href=\"https:\/\/twitter.com\/search?q=%24CCTL&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$CCTL<\/a> \u25b2166\u2a09<br \/>++Anonim Sirketi [IST:NETHL] \u20bf2.8\ud83c\uddf9\ud83c\uddf7<\/p>\n<p>Total \u20bf1,419,937(6.76%)<br \/>Value $84,972,150,295<a href=\"https:\/\/t.co\/WaH06QS2P4\" rel=\"nofollow\">https:\/\/t.co\/WaH06QS2P4<\/a> by <a href=\"https:\/\/twitter.com\/nvk?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@nvk<\/a> <a href=\"https:\/\/t.co\/4YrKqqt5dD\" rel=\"nofollow\">pic.twitter.com\/4YrKqqt5dD<\/a><\/p>\n<p>&mdash; BitcoinTreasuries.NET (@BTCtreasuries) <a href=\"https:\/\/twitter.com\/BTCtreasuries\/status\/34469121?ref_src=twsrc%5Etfw\" rel=\"nofollow\">April 11, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Additional data provided by Ecoinometrics claims MSTR shares register a 427% rally <a href=\"https:\/\/wncen.com\/news\/bitcoin\/crypto-analyst-microstrategy-bitcoin\/\">since the start of its Bitcoin treasury program<\/a>. This correlates with the cryptocurrency\u2019s performance up 410% in the same period.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">MicroStrategy Performance<br \/>Apr. 09, 2021<\/p>\n<p>Since the start of its <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Bitcoin<\/a> treasury program:<a href=\"https:\/\/twitter.com\/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$MSTR<\/a>      +427%<a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$BTC<\/a>          +410%<a href=\"https:\/\/twitter.com\/search?q=%24NASDAQ&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$NASDAQ<\/a> +27.3% <a href=\"https:\/\/t.co\/7PD34vFe8F\" rel=\"nofollow\">pic.twitter.com\/7PD34vFe8F<\/a><\/p>\n<p>&mdash; ecoinometrics (@ecoinometrics) <a href=\"https:\/\/twitter.com\/ecoinometrics\/status\/71923716?ref_src=twsrc%5Etfw\" rel=\"nofollow\">April 12, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><a href=\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-may-hit-100000-soon-on-wildly-bullish-sentiment-analyst\/\">Bitcoin trades<\/a> 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.<\/p>\n<figure id=\"attachment_461107\" aria-describedby=\"caption-attachment-461107\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-461107 size-large\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/04\/Bitcoin-BTC-5.png?resize=860%2C424\" alt=\"Bitcoin BTC\" width=\"860\" height=\"424\"><figcaption id=\"caption-attachment-461107\" class=\"wp-caption-text\">BTC moving sideways in the 24-hour chart. Source:<a href=\"https:\/\/www.tradingview.com\/chart\/a4lKch7J\/\" rel=\"nofollow\"> BTCUSD Tradingview<\/a><\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Per a Form 8-K filed with the U.S. Security and Exchange Commission (SEC), software company MicroStrategy (MSTR) will pay its board of directors in Bitcoin. The decision was taken on April 11, 2021, and it\u2019s applicable to all non-employee directors. As the document says the executives will receive all fees for their service to MicroStrategy in Bitcoin and not cash. The company is taking a step further in its \u201ccommitment\u201d to strengthen the thesis of Bitcoin as a store of value. As the form 8-K claims: 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. The company will convert the fee from fiat currency to BTC using an unnamed payment processor. Then, the executives will receive Bitcoin in their personal digital wallet. 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&#8217;s first monetary network and BTC the only tool to protect MicroStrategy\u2019s value. The company initially bought around $2 billion worth of Bitcoin and since then has increased its reserve to $5 billion. Matching BitcoinTreasuries.org data, the Saylor-led company holds $5,476,643,990 or 91,579 BTC. Therefore, it has the largest reserve of Bitcoin that belongs to a public company. In the second position is Tesla with 48,000 BTC and Square with 8,027. Bitcoin Treasuries$MSTR \u25b22.5x$TSLA \u25b21.7x$SQ \u25b22.2x$MARA \u25b21.9xHut-8 \u25b24.9xVYGR \u25b29.4x$RIOT \u25b29.8xMeitu \u25b21.1x +\u20bf175.7@Seetee_io \u25b21.2x$CCTL \u25b2166\u2a09++Anonim Sirketi [IST:NETHL] \u20bf2.8\ud83c\uddf9\ud83c\uddf7 Total \u20bf1,419,937(6.76%)Value $84,972,150,295https:\/\/t.co\/WaH06QS2P4 by @nvk pic.twitter.com\/4YrKqqt5dD &mdash; BitcoinTreasuries.NET (@BTCtreasuries) April 11, 2021 Additional data provided by Ecoinometrics claims MSTR shares register a 427% rally since the start of its Bitcoin treasury program. This correlates with the cryptocurrency\u2019s performance up 410% in the same period. MicroStrategy PerformanceApr. 09, 2021 Since the start of its #Bitcoin treasury program:$MSTR +427%$BTC +410%$NASDAQ +27.3% pic.twitter.com\/7PD34vFe8F &mdash; ecoinometrics (@ecoinometrics) April 12, 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.<\/p>\n","protected":false},"author":535,"featured_media":460728,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,3],"tags":[428,1119,1144],"class_list":["post-461097","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","tag-bitcoin","tag-btc","tag-btcusd"],"acf":[],"yoast_head":"\n<title>Why MicroStrategy decided to paid its Board of Directors in Bitcoin<\/title>\n<meta name=\"description\" content=\"Per a Form 8-K filed with the U.S. Security and Exchange Commission (SEC), software company MicroStrategy (MSTR) will pay its board of directors in\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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Marquez\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/036a3927a22f63e491c08a08c3641ece?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/036a3927a22f63e491c08a08c3641ece?s=96&d=mm&r=g\",\"caption\":\"Reynaldo Marquez\"},\"description\":\"A literature major, Reynaldo M\u00e1rquez has been deeply immersed in the crypto industry since 2017. His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. 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His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.","sameAs":["https:\/\/www.linkedin.com\/in\/reynaldo-mrquez-2ab111190\/","https:\/\/x.com\/rl_m"],"url":"https:\/\/wncen.com\/author\/reynaldomarquez\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Why MicroStrategy decided to paid its Board of Directors in Bitcoin","url":"http:\/\/wncen.com\/news\/why-microstrategy-decided-to-paid-its-board-of-directors-in-bitcoin\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/why-microstrategy-decided-to-paid-its-board-of-directors-in-bitcoin\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/04\/Bitcoin-BTCUSD.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/04\/Bitcoin-BTCUSD.jpg?fit=1032%2C663"},"articleSection":"Bitcoin","author":[{"@type":"Person","name":"Reynaldo Marquez"}],"creator":["Reynaldo Marquez"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btc","btcusd"],"dateCreated":"2021-04-12T19:00:15Z","datePublished":"2021-04-12T19:00:15Z","dateModified":"2021-04-12T19:03:50Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Why MicroStrategy decided to paid its Board of Directors in Bitcoin\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/why-microstrategy-decided-to-paid-its-board-of-directors-in-bitcoin\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/why-microstrategy-decided-to-paid-its-board-of-directors-in-bitcoin\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/Bitcoin-BTCUSD.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/Bitcoin-BTCUSD.jpg?fit=1032%2C663\"},\"articleSection\":\"Bitcoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Reynaldo Marquez\"}],\"creator\":[\"Reynaldo Marquez\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btc\",\"btcusd\"],\"dateCreated\":\"2021-04-12T19:00:15Z\",\"datePublished\":\"2021-04-12T19:00:15Z\",\"dateModified\":\"2021-04-12T19:03:50Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/04\/Bitcoin-BTCUSD.jpg?fit=1032%2C663","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/461097"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/535"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=461097"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/461097\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/460728"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=461097"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=461097"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=461097"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}