Investing in and supporting cryptocurrencies, MicroStrategy is now starting to pay managers’ salaries in Bitcoin.
MicroStrategy, traded on NASDAQ, continues its Bitcoin expansion. Wall Street-based business intelligence giant MicroStrategy will now make payments to its Board members with BTC. In the statement made by Michael Saylor, the CEO of MicroStrategy’s Bitcoin supporter, on April 11, it was announced that the top managers of the company will now be paid in Bitcoin instead of cash.
MicroStrategy CEO Michael Saylor said in a statement on his Twitter account:
“Board members of MicroStrategy will now receive their payments in BTC.”
On April 11, 2021, a change was made in the salary payments for the senior executives of MicroStrategy Incorporated, namely the members of the Board of Directors. In the next period, senior executives will receive their salaries in Bitcoin instead of cash for their services.
In a written statement from the NASDAQ-listed business intelligence company MicroStrategy, which has been buying Bitcoin as a reserve currency for a long time, it was stated that senior executives showed their commitment to Bitcoin as a value storage tool.
Value of MicroStrategy’s BTC Reserves Exceeds $ 5 Billion
The value of Bitcoins recorded as reserve currency on the company’s balance sheet has risen to over $ 5.5 billion after MicroStrategy CEO Michael Saylor assumes the role of Bitcoin advocate. According to Bitcoin Treasuries data, the NASDAQ-listed company currently has 91,579 BTC worth $ 5.5 billion.
Canaccord Genuity analyst Joseph Vafi believes that the future of MicroStrategy no longer depends on the software industry, but on the performance of Bitcoin.