TL;DR
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MicroStrategy has appointed Brian Brooks and two others to its board of directors, bringing the total membership from 6 to 9.
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The company continues to double down on its Bitcoin investment.
Brian Brooks Joins MicroStrategy’s Board
Software development company MicroStrategy has added three members fo its board of directors, bringing the total count to 9 members. According to its recent filings, the members were added before MicroStrategy’s addition to the Nasdaq 100 stock index.
The company added Brian Brooks, Jane Dietze, and Gregg Winiarski to its board, with all three having vast experience with large corporations that deal with digital assets. Per the filing, each member will receive an equity package with a value of $2 million, with half in options and half in RSUs which will vest over four years.
The most popular name on the list is Brian Brooks, the former CEO of Binance.US, the US-based arm of the global Binance exchange. He also served as the chief legal officer at Coinbase from September 2018 to March 2020. In addition to that, Brooks served as the Acting Comptroller of the Currency from April 2020 to January 2021, a role in which he headed the Office of the Comptroller of the Currency (OCC). He was also the CEO of Bitfury, a Bitcoin mining company, from October 2021 to December 2022.
MicroStrategy also appointed Jane Dietze, who served s the chief investment officer of Brown University since July 2018, overseeing the Ivy League university's $7.2 billion endowment. She is also on the directors of Galaxy Digital, the digital asset company founded by Mike Novogratz, since February 2022.
The third member to join the board is Gregg Winiarski, who has served as the chief legal officer of sports apparel and collectibles company Fanatics since February 2023.
Their appointments came before MicroStrategy joined the asdaq 100 index on Monday, Dec. 23.
The new board members have joined just as Microstrategy will be added to the Nasdaq 100 index on Monday, Dec. 23. MicroStrategy continues to double down on its Bitcoin investment in recent weeks. Last week, the company acquired another $1.5 billion worth of bitcoin, taking its total holdings to 439,000 BTC.
MicroStrategy’s total holdings were bought at an average price of $61,725 per bitcoin, a total cost of around $27.1 billion, including fees and expenses.