The board of directors of the analytics-software provider MicroStrategy has approved a framework for paying remuneration in bitcoin, according to Chief Executive Michael Saylor. The document has been submitted to the U.S. Securities and Exchange Commission.
The Board of Directors of @MicroStrategy is now paid in #bitcoin. $MSTRhttps://t.co/3ChlkCNZOT
— Michael Saylor (@michael_saylor) April 12, 2021
According to the report, directors who are not MicroStrategy employees will receive their remuneration in bitcoin.
“The board pointed to its commitment to bitcoin, given its ability to serve as a store of value backed by a robust, open-source, public architecture not tied to sovereign monetary policy,” the statement said.
The amount of remuneration remains unchanged and is denominated in U.S. dollars. At the time of payment, the amount is converted into digital gold, after which it will be transferred to the recipient’s digital wallet.
Back in April 2021, MicroStrategy additionally invested $15 million in bitcoin. In total, the company owns 91,579 BTC worth $2.22 billion.