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MicroStrategy Directors Will Be Paid in Bitcoin

Largest independent business intelligence company, MicroStrategy Inc has announced that the non-employee directors will be paid for their service in Bitcoin, in lieu of cash.

The Board of Directors decided that Bitcoin should be a viable form of compensation for Board service due to its ability to store value, supported by a sophisticated and public open-source framework, and being unbound by sovereign monetary policy.

The amount of fees payable to the non-employee directors will stay the same as before and will be nominally denominated in USD. The remittance will be converted from USD into bitcoin and then transferred into the non-employee director’s digital wallet at the time of payment.

MicroStrategy spent the past year regularly accumulating bitcoin after its first investment in August when the digital currency market was growing hot. Since then, it has been making multiple purchases of the cryptocurrency.

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