Michael Saylor, a Bitcoin enthusiast, has added former Binance.US CEO Brian Brooks, along with two other executive directors, to MicroStrategy's board of directors shortly after the company was added to the Nasdaq 100.
Brian Brooks, Jane Dietze - also a member of the board of directors of Galaxy Digital - and Gregg Winiarski, general counsel of Fanatics Holdings, have joined MicroStrategy's board of directors. With their participation, the number of members on MicroStrategy's board of directors has increased to nine, according to a filing on December 20 from the U.S. Securities and Exchange Commission (SEC).
Brooks' appointment is a 'BIG' event, according to Swan
According to the statement, Brooks, Dietze and Winarski will "be eligible to receive equity awards".
The Bitcoin platform Swan Bitcoin, in a post on X on December 21, affirmed that Brooks' appointment is a "BIG" event.
"As Comptroller, Brooks oversaw the entire U.S. banking system and has deep relationships," Swan Bitcoin said. In August 2021, Brooks resigned as CEO of Binance.US after less than four months, citing "differences in strategic direction".
Cryptocurrency commentator MacroScope told his 77.K Watchers on X that "all three are excellent, especially Brooks."
Brian Brooks. Source: OCC
Brooks, who was Acting Comptroller of the Currency for nine months in 2021, has recently attracted attention in the cryptocurrency industry after being rumored as a potential replacement for Gary Gensler as SEC Chairman.
On December 4, Trump nominated Paul Atkins, a cryptocurrency supporter, to replace Gensler as the new head of the SEC.
MicroStrategy to be added to the Nasdaq 100
This announcement comes just a week after Nasdaq announced that MicroStrategy (MSTR) will be added to the Nasdaq-100 Index starting December 23.
On December 13, Nasdaq confirmed that MicroStrategy is one of three companies being added to the index, along with Palantir Technologies Inc. (PLTR) and Axon Enterprise, Inc. (AXON).
Meanwhile, Illumina, Inc. (ILMN), Super Micro Computer, Inc. (SMCI), and Moderna, Inc. (MRNA) will be removed from the index.
This listing means that MicroStrategy, a software company that became a Bitcoin (BTC) investment fund in 2020, is now among the 100 largest stocks on Nasdaq by market capitalization.
