Almost every week we receive news that MicroStrategy has bought more Bitcoin. Now it also wants to use the cryptocurrency for payment – for bonuses.
If Tesla is the mainstream bitcoin driving force, then MicroStrategy is the whip that drives institutional investors and their bitcoin adaptation. The US tech giant under the leadership of Michael Saylor is one of the first companies in the world to not only advertise Bitcoin as a legitimate store of value, but also to invest in cryptocurrency on a large scale. MicroStrategy has already amassed 90,531 Bitcoin and spent around 2.171 billion US dollars on it, which results in an average purchase price of 23,985 US dollars. The company announced its most recent of these investments in February known, then spent $ 1.026 billion on 19,452 Bitcoin – BTC-ECHO reported.
CEO Michael Saylor is considered a Bitcoin pioneer and uses every opportunity to trumpet his confidence in the growth and future viability of the cryptocurrency to the world. In an interview with the US television broadcaster CNBC, for example, he announced that Bitcoin adaptation will continue to grow unstoppably – by 2026, i.e. within the next five years, he expects one billion Bitcoiners worldwide.
Bonuses: Bitcoin instead of US dollars
However, he is not only demonstrating his conviction through the investments made by his company, but also by paying in Bitcoin. So recently MicroStrategy was enough a document filed with the US Securities and Exchange Commission, according to which the company plans to immediately receive their bonus payments in the form of Bitcoin instead of being paid out in US dollars.
The amount of the bonus payments would remain unchanged, it is said. At the time of the bonus payment, the amount to be paid would be converted from available US dollars to Bitcoin and then sent to the board members’ crypto wallets. The company is therefore not touching the Bitcoin supply.
It remains to be seen when the Bitcoin pioneer Saylor will also pay employees of the company in Bitcoin.