Quick Take
- MicroStrategy has added three new members to its board of directors, increasing the total from six to nine.
- The new board members include Brian Brooks, Jane Dietze, and Gregg Winiarski, all of whom bring extensive experience in digital assets and corporate leadership.
- Each new member will receive an equity package worth $2 million, divided equally between options and RSUs, vesting over four years.
MicroStrategy, shortly before its inclusion in the Nasdaq 100 index on Monday, announced the addition of three high-profile members to its board of directors. The new appointments bring the board’s total membership to nine, as detailed in a recent filing.
New Board Members
Brian Brooks Brian Brooks is a well-known figure in the cryptocurrency industry. His extensive resume includes serving as CEO of Binance.US from May 2021 to August 2021 and as chief legal officer of Coinbase from September 2018 to March 2020. Brooks also held the role of Acting Comptroller of the Currency from April 2020 to January 2021, overseeing digital asset-related activities for U.S. banks. Most recently, he was the CEO of Bitfury, a Bitcoin mining company, from October 2021 to December 2022.
Jane Dietze Jane Dietze is the chief investment officer at Brown University, where she has overseen the university’s $7.2 billion endowment since July 2018. Dietze also serves on the board of Galaxy Digital, a leading digital asset company founded by Mike Novogratz. Her background in investment management and her involvement in the digital asset space make her a strategic addition to MicroStrategy’s board. “She understands our space, I think she is a thought leader in the endowment space,” Novogratz said of Dietze in a Bloomberg interview.
Gregg Winiarski Gregg Winiarski is the chief legal officer at Fanatics, a sports apparel and collectibles company, a position he has held since February 2023. Prior to this role, he served as a senior adviser to the company starting in August 2021. Winiarski’s legal expertise and experience in large corporate environments further strengthen MicroStrategy’s board.
Strategic Timing
The announcement comes as MicroStrategy prepares to join the Nasdaq 100 index on December 23. The company recently made headlines for acquiring an additional $1.5 billion in Bitcoin, bringing its total holdings to 439,000 BTC. These purchases were made at an average price of $61,725 per bitcoin, representing a total investment of $27.1 billion, including fees and expenses, according to co-founder and executive chairman Michael Saylor.
Broader Implications
The addition of these accomplished individuals to MicroStrategy’s board signals a continued commitment to its Bitcoin-centric strategy and its broader ambitions in the digital asset space. With their collective expertise, the new board members are well-positioned to guide MicroStrategy as it navigates its role as a leading institutional player in the cryptocurrency ecosystem.
BlockBeep.com will continue to monitor and report on developments surrounding MicroStrategy and its impact on the digital asset industry.
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