- On December 20, a filing with the U.S. Securities and Exchange Commission (SEC) revealed the new appointments.
Former Binance employee Michael Saylor has joined MicroStrategy’s enlarged board of directors, which is headed by Bitcoin enthusiast Michael Saylor.Gregg Winiarski, Jane Dietze, and US CEO Brian Brooks.
On December 20, a filing with the U.S. Securities and Exchange Commission (SEC) revealed the new appointments.
The board of MicroStrategy now has nine members, including Brooks, Dietze, who is now on the board of Galaxy Digital, and Winiarski, the chief legal officer of Fanatics Holdings.
The application states that they will also qualify for equity awards.
The appointment of Brooks is a “Big Deal.”
In a post on X on December 21, Swan Bitcoin, a well-known Bitcoin platform, emphasized the importance of Brooks’ nomination and referred to it as a “BIG deal.”
As interim Comptroller of the Currency in 2021, Brooks managed the U.S. banking sector and built strong industry ties, according to Swan.
After less than four months, Brooks resigned as CEO of Binance.US in August 2021, citing strategic differences.
MacroScope, a cryptocurrency analyst, also commended the hiring, describing all three executives as “good additions” and highlighting Brooks’ credentials in particular.
Though Trump has selected pro-crypto enthusiast Paul Atkins for the position, Brooks has recently drawn notice as a possible candidate to succeed SEC Chair Gary Gensler.
The news from MicroStrategy comes after Nasdaq decided on December 23 to include the company in the Nasdaq-100 Index.
Palantir Technologies and Axon Enterprise will join MicroStrategy in the index, while Moderna, Super Micro Computer, and Illumina will be eliminated.
Being listed among the top 100 equities by market capitalization is confirmed by MicroStrategy’s membership in the Nasdaq-100.
In 2020, the software company became a de facto Bitcoin hedge fund and still promotes Bitcoin as a key element of its approach.
Moderna, Super Micro Computer, and Illumina were dropped from the Nasdaq 100, while MicroStrategy joined two other businesses.
The index’s dynamic character and the increasing sway of businesses focusing on Bitcoin are reflected in the reordering.
Trump’s Strategic Bitcoin Reserve Is Supported by Saylor
Saylor has stated that he is fully in favor of President-elect Donald Trump’s plan to create a strategic Bitcoin reserve, as reported.
The idea, which was detailed in his “Digital Assets Framework” policy released on Friday, provides a road map for the US to support the expansion of the digital asset sector, create precise compliance guidelines, and guarantee well-defined rights for businesses and holders of crypto assets.
Saylor emphasized how crucial it is that the United States spearhead the global digital economy by innovating in digital assets.
The United States may take the lead in the global digital economy by defining a precise taxonomy, a valid framework based on rights, and realistic compliance requirements.
He went on to say that such actions may secure the U.S. dollar’s position as the foundation of the digital financial system, empower millions of enterprises, and release billions of dollars in wealth.
Saylor did not say how big the reserve would be, but he said it could generate between $16 and $81 trillion in wealth, which could wipe out the $36 trillion in U.S. national debt.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
