MicroStrategy, the world's largest listed company with bitcoin holdings, announced that it would use bitcoin to pay four outside directors of its board of directors.

The company said in a regulatory document that the remuneration of each board member would be based on US dollars and would be converted into bitcoin when paid. The move shows the company's trust in bitcoin's "ability as a store of value.".

MicroStrategy shares rose 1.02% to close at $718.24 on Monday. The stock has risen nearly 500% in the past year.

MicroStrategy is the world's largest listed company holding bitcoin. As of last week, MicroStrategy held about 91579 bitcoins, with a value of nearly $5.5 billion at current prices, equivalent to about 80% of the company's $6.8 billion stock market value.

Michael Saylor, CEO of the company, is one of the most active advocates of bitcoin. He once said that bitcoin should be a part of any company's balance sheet, and he once persuaded Tesla CEO musk to convert the company's balance sheet from US dollars to bitcoin, which played a certain role in Tesla's later decision to invest US $1.5 billion to buy bitcoin.

(2021-4-13)