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CryptoIntelligence 2024-12-22 11:09:46

MicroStrategy Welcomes Former Binance.US CEO Brian Brooks to Its Board

Bitcoin advocate Michael Saylor’s MicroStrategy has appointed former Binance.US CEO Brian Brooks, along with two other executives, to its board of directors. This announcement follows Nasdaq’s recent decision to include MicroStrategy in the Nasdaq-100 index. Brooks, Jane Dietze — who also serves on Galaxy Digital’s board — and Gregg Winiarski, chief legal officer at Fanatics Holdings, join the board, increasing its total membership to nine, according to a Dec. 20 filing with the United States Securities and Exchange Commission (SEC). Swan Bitcoin: Brooks’ Appointment a “BIG Deal” The three new board members will be eligible for equity awards, per the statement. Swan Bitcoin highlighted the significance of Brooks’ appointment in a Dec. 21 X post, calling it a “BIG deal.” “As Comptroller, Brooks oversaw the entire US banking system and is deeply connected,” the company said. Brooks, who stepped down as CEO of Binance.US in August 2021 after citing “differences over strategic direction,” also served as Acting Comptroller of the Currency for nine months in 2021. Crypto commentator MacroScope shared with their 77,200 X followers, “all three are good especially Brooks.” MicroStrategy Joins Nasdaq-100 This announcement coincides with MicroStrategy’s inclusion in the Nasdaq-100 Index, effective Dec. 23. On Dec. 13, Nasdaq confirmed that MicroStrategy (MSTR), Palantir Technologies Inc. (PLTR), and Axon Enterprise, Inc. (AXON) would be added to the index. Illumina, Inc. (ILMN), Super Micro Computer, Inc. (SMCI), and Moderna, Inc. (MRNA) will be removed. MicroStrategy’s inclusion marks its position among the Nasdaq’s 100 largest companies by market capitalization, underscoring its transformation from a software firm into a de facto Bitcoin hedge fund since 2020.