MicroStrategy Will Pay Directors With Bitcoin

Global Crypto News
Published on: 13.04.2021

MicroStrategy, a business intelligence software company recently filed a form with the Securities and Exchange Commission (SEC) to allow the company to pay its directors in bitcoin.

The Nasdaq-listed analytics firm will pay non-employee directors with bitcoin instead of cash.

Paying the directors will go to the process of converting the amount of salaries from USD into bitcoin by a payments processor and depositing into the respective digital wallets.

The founder Michael Saylor is a known advocate of bitcoin and has allocated 80% of the company’s total market cap with bitcoin.

Since the company started dabbling in Bitcoin, it has now acquired 91,579 BTC with an estimated value of $5.5 Billion.

#SmartCrypto

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