The Board of Directors of MicroStrategy has decided to receive salary in bitcoin (EXANTE:Bitcoin) instead of cash. According to a regulatory filing, non-employee directors will now get salary in bitcoin nominally denominated in USD by the payment processor.
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The company said the decision to get salaries in the cryptocurrency is MicroStrategy's commitment to bitcoin given its ability to serve as a store of value, supported by a robust and public open-source architecture, untethered to sovereign monetary policy. MicroStrategy's payments' modification comes after Tesla officially started accepting bitcoin as a means of payment.
Tesla's CEO and Co-Founder, Elon Musk, said bitcoin paid to Tesla will be retained as the cryptocurrency and will not be converted to fiat currency.
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