MicroStrategy Joins Nasdaq-100 and Appoints Key Executives

Michael Saylor, a Bitcoin bull, brought a former Binance employee to MicroStrategy. Shortly after the announcement that it would be included in the Nasdaq 100, United States Chief Executive Officer Brian Brooks and two other executives were appointed to the board of directors.

MicroStrategy has added three new members to its board of directors: Brian Brooks, Jane Dietze, who is also a member of the board of directors for Galaxy Digital, and Gregg Winiarski, who is the chief legal officer at Fanatics Holdings, respectively. An application submitted to the United States Securities and Exchange Commission (SEC) on December 20 revealed that adding these individuals takes the total number of board members at MicroStrategy to nine.

Swan Bitcoin Appoints Brooks Dietze and Winarski to Equity Awards

According to the statement, Brooks, Dietze, and Winarski will be “eligible for equity awards.” In a post on the 21st of December, the Bitcoin platform Swan Bitcoin described Brooks’ appointment as a “BIG deal.” Swan Bitcoin asserts that Brooks’ profound connection stems from his management of the entire banking sector in the United States during his tenure as comptroller. Brooks resigned as CEO of Binance.US in August 2021, claiming “differences over strategic direction.” His resignation came after less than four months in the role.

MacroScope, a cryptocurrency expert, shared with their 77,200 X followers that “of the three, Brooks is particularly impressive.” As a result of rumors that he could be one of Donald Trump’s probable nominees to succeed Gary Gensler as Chair of the Securities and Exchange Commission, Brooks, who had previously served as acting Comptroller of the Currency for nine months in 2021, has recently attracted interest in the cryptocurrency market.

MicroStrategy to Join Nasdaq-100 Index Starting December 23

MicroStrategy (MSTR), a software company that became a de facto Bitcoin BTC$96,042 hedge fund in 2020, is among the 100 most extensive stocks by market capitalization on the Nasdaq. One week ago, Nasdaq announced that MicroStrategy will join the Nasdaq-100 Index starting December 23. Along with Axon Enterprise, Inc. (AXON), Palantir Technologies Inc. (PLTR), and MicroStrategy, Nasdaq said on December 13 that all three businesses would be given to the index.

Meanwhile, the index will remove Illumina, Inc. (ILMN), Super Micro Computer, Inc. (SMCI), and Moderna, Inc. (MRNA). The listing means that MicroStrategy, a software company that became a de facto Bitcoin BTC$96,042 hedge fund in 2020, is among the 100 most extensive stocks on the Nasdaq.

Final Thoughts

Joining the Nasdaq-100 Index symbolizes MicroStrategy’s increasing importance in the financial and technology industries. The firm has become a de facto crypto hedge fund due to its massive investment in Bitcoin, which has garnered much attention from both the traditional and cryptocurrency markets. Brian Brooks’ extensive connections to the financial and cryptocurrency industries and those of Jane Dietze and Gregg Winiarski suggest that the company’s influence may be amplified if these influential individuals were to join the board of directors. Continuing MicroStrategy’s involvement in cryptocurrency could greatly influence its future trajectory as it further establishes its position in the Nasdaq-100.

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