As a seasoned crypto investor with over two decades of experience in traditional finance, I must admit that the recent moves by MicroStrategy have caught my attention. The addition of Brian Brooks and other esteemed executives to their board is a strategic move that underscores their commitment to the digital asset space.
Bitcoin bull Michael Saylor’s MicroStrategy has brought former Binance.US CEO Brian Brooks along with two other executives onto its board shortly after announcing its inclusion in the Nasdaq 100.
Three new individuals – Brian Brooks, Jane Dietze, and Gregg Winiarski – have been appointed to MicroStrategy’s board of directors. These additions bring the total number of board members to nine, as stated in a recent filing with the U.S. Securities and Exchange Commission (SEC) on December 20th.
Brooks signing on is a ‘BIG deal,’ says Swan
Brooks, Dietze, and Winarski are set to be “eligible for equity awards,” per the statement.
According to Swan Bitcoin’s recent blog post on December 21st, the selection of Brooks is considered “a significant development.
As the Comptroller, Brooks was responsible for managing the entire U.S. banking system and had strong connections, according to Swan Bitcoin. However, in August 2021, Brooks stepped down as CEO of Binance.US following a short tenure of less than four months, due to disagreements regarding the company’s strategic direction.
In simpler terms, the crypto analyst MacroScope advised his 77,200 followers on Twitter that “all three of them are excellent, but particularly Brooks.
In 2021, Brooks held the position of Acting Comptroller of the Currency for a period of nine months. More recently, there have been whispers within the crypto sector about Brooks being one of Donald Trump’s possible selections to succeed Gary Gensler as the SEC Chair.
On Dec. 4, Trump nominated pro-crypto Paul Atkins to replace Gensler as the new chief of the SEC.
MicroStrategy to be added to Nasdaq 100
The news arrives a week following Nasdaq’s declaration that MicroStrategy (MSTR) will be incorporated into the Nasdaq-100 Index as of December 23.
December 13th saw Nasdaq confirming the addition of three new companies to its index: MicroStrategy, Palantir Technologies Inc., (PLTR), Axon Enterprise, Inc., (AXON), and MicroStrategy being one of them.
It has been decided that Illumina, Inc. (ILMN), Super Micro Computer, Inc. (SMCI), and Moderna, Inc. (MRNA) will no longer be part of the index.
The listing signifies that MicroStrategy, a software company which effectively transformed into a Bitcoin (BTC) investment fund in 2020, now ranks among the top 100 companies on the Nasdaq Stock Market based on market capitalization.
Read More
- Best Race Tier List In Elder Scrolls Oblivion
- Elder Scrolls Oblivion: Best Pilgrim Build
- Days Gone Remastered Announced, Launches on April 25th for PS5
- Elder Scrolls Oblivion: Best Thief Build
- Gold Rate Forecast
- Ludicrous
- Justin Baldoni Opens Up About Turmoil Before Blake Lively’s Shocking Legal Claims
- Elder Scrolls Oblivion: Best Sorcerer Build
- Yvette Nicole Brown Confirms She’s Returning For the Community Movie
- Where Teen Mom’s Catelynn Stands With Daughter’s Adoptive Parents Revealed
2024-12-22 05:27