The largest publicly-traded corporate holder of Bitcoin (BTC) just added three new seats to its board of directors.
In a new filing with the U.S. Securities and Exchange Commission (SEC), enterprise software company MicroStrategy says the number of its board members has increased to nine.
“On December 20, 2024, the Board of Directors (the ‘Board’) of MicroStrategy Incorporated (the ‘Company’), upon recommendation from the Nominating Committee of the Board, expanded the size of the Board from six to nine members.”
The firm says the board elected Meridian Capital Group CEO and former Acting Comptroller of the Currency Brian Brooks, Brown University chief investment officer Jane Dietze and Fanatics Holdings chief legal officer Gregg Winiarski as new members.
Brooks, Dietze and Winiarksi will be eligible to receive equity awards under the MicroStrategy Incorporated 2023 Equity Incentive Plan. They are also entitled to compensation and other personal benefits for non-employee directors.
MicroStrategy expanded the size of its board as it continues to stockpile Bitcoin. Earlier this month, the company bought an additional 15,350 BTC. The acquisition brings MicroStrategy’s total Bitcoin holdings to 439,000 BTC valued at around $41 billion based on the flagship cryptocurrency’s current price of $94,451.
The firm’s co-founder, Michael Saylor, says Bitcoin is emerging as the “world’s reserve capital network”. He says the US should accumulate BTC to cement its global financial dominance.
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