MicroStrategy has just expanded its Board of Directors. They’ve added three new members to the team.
In a recent filing with the U.S. Securities and Exchange Commission (SEC), the enterprise software company revealed that its board now has nine members.
On December 20, 2024, the Board of Directors decided to increase its size from six to nine. This change came after a recommendation from the Nominating Committee.
The new members are Brian Brooks, who is the CEO of Meridian Capital Group and a former Acting Comptroller of the Currency. Joining him are Jane Dietze, the chief investment officer at Brown University, and Gregg Winiarski, the chief legal officer at Fanatics Holdings.
These three will have the chance to receive equity awards under MicroStrategy’s 2023 Equity Incentive Plan. They’ll also receive compensation and other benefits as non-employee directors.
This board expansion aligns with MicroStrategy’s ongoing strategy to acquire more Bitcoin. Earlier this month, the company bought an additional 15,350 BTC. Now, they hold a total of 439,000 BTC, valued at about $41 billion based on Bitcoin’s current price of $94,451.
Co-founder Michael Saylor believes Bitcoin is becoming the “world’s reserve capital network.” He has emphasized that the U.S. should accumulate BTC to strengthen its global financial position.