Former Binance.US CEO Brian Brooks Joins MicroStrategy Board
- Brian Brooks, former Binance.US CEO, joins MicroStrategys board.
- New board members receive $2M in equity awards vesting over four years.
MicroStrategy, led by Bitcoin advocate Michael Saylor, has brought three new members onto its board of directors. Former Binance.US CEO Brian Brooks, Jane Dietze, and Gregg Winiarski joined the board on December 20, as revealed in a recent SEC filing. This expansion brings the total number of board members to nine.
NEW: Michael Saylor has added Brian Brooks, former Acting Comptroller of the Currency and CEO of Binance, to MicroStrategy's Board of Directors
Swan (@Swan) December 21, 2024
This is a BIG deal. As Comptroller, Brooks oversaw the entire US banking system and is deeply connected.
Is $MSTR about to pic.twitter.com/76dQJoCSvT
Brian Brooks, well-known in the crypto world, is a standout addition. He has served as acting Comptroller of the Currency, and CEO of Binance.US, and held leadership roles at Coinbase and Bitfury. His deep regulatory and industry experience positions him to help steer MicroStrategys ambitious crypto-driven strategy.
Jane Dietze, the chief investment officer at Brown University, manages a $7.2 billion endowment and sits on Galaxy Digitals board. Gregg Winiarski, the chief legal officer at Fanatics Holdings, adds expertise in corporate governance and legal affairs.
MicroStrategys Latest Power Play
The new board members will receive $2 million in equity awards, split equally between stock options and restricted stock units. These awards will vest over four years, underscoring MicroStrategys commitment to attracting seasoned professionals. The appointments were well-received in the crypto community. Bitcoin platform Swan Bitcoin called Brooks addition a BIG deal, while analysts hailed the trio as valuable assets for the companys growth.
This announcement coincides with MicroStrategys upcoming inclusion in the Nasdaq-100 Index, starting December 23. Nasdaq confirmed earlier this month that MicroStrategy would join the index alongside Palantir Technologies and Axon Enterprise, replacing firms like Illumina and Moderna. This milestone places MicroStrategy among the top 100 companies on the Nasdaq by market capitalization.
MicroStrategy has remained a pioneer in Bitcoin adoption, holding over 439,000 BTC as part of its long-term strategy. Michael Saylor, the companys co-founder, continues to champion Bitcoins role in shaping the global financial system. He has voiced support for President-elect Donald Trumps plan to establish a strategic Bitcoin reserve, which aims to strengthen the U.S. position in the digital asset space.
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