Microstrategy Will Now Pay Board of Directors in Bitcoin
MicroStrategy recently filed a form with the U.S. Securities and Exchange Commission (SEC) stating that its Board of Directors has “modified the compensation arrangements for non-employee directors.” The filing explains, “Going forward, non-employee directors will receive all fees for their service on the company’s Board in bitcoin instead of cash,”
To keep Michael Saylor’s promises (lies) of “never selling Bitcoin for hundreds of years”, and protect their companies image, they are using a deceptive tactic to offload their Bitcoin holdings near the peak.
They’re using their reserves to pay directors with Bitcoin (who will later sell, and convert it to cash), so they can avoid filing their sell orders with SEC, and the public. Another genius, but deceptive move.