MicroStrategy has spent $3.97 billion acquiring 129,218 bitcoins for an average of $30,700 apiece, he wrote.
What began as an experiment with excess cash amassed during the coronavirus lockdown has yielded share sales, convertible note offerings and crypto-collateralized loans – all to buy more bitcoin.
Executives’ bonus payouts are influenced in part by their contributions to the bitcoin strategy, the documents said.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.
As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period.