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MicroStrategy Expands Board of Directors, Adds Former Acting Comptroller of the Currency Brian Brooks and Others

The largest publicly-traded corporate holder of Bitcoin ( BTC ) just added three new seats to its board of directors. In a new filing with the U.S. Securities and Exchange Commission (SEC), enterprise software company MicroStrategy says the number of its board members has increased to nine. “On December 20, 2024, the Board of Directors (the ‘Board’) of MicroStrategy Incorporated (the ‘Company’), upon recommendation from the Nominating Committee of the Board, expanded the size of the Board from six to nine members.” The firm says the board elected Meridian Capital Group CEO and former Acting Comptroller of the Currency Brian Brooks, Brown University chief investment officer Jane Dietze and Fanatics Holdings chief legal officer Gregg Winiarski as new members. Brooks, Dietze and Winiarksi will be eligible to receive equity awards under the MicroStrategy Incorporated 2023 Equity Incentive Plan. They are also entitled to compensation and other personal benefits for non-employee directors. MicroStrategy expanded the size of its board as it continues to stockpile Bitcoin. Earlier this month, the company bought an additional 15,350 BTC. The acquisition brings MicroStrategy’s total Bitcoin holdings to 439,000 BTC valued at around $41 billion based on the flagship cryptocurrency’s current price of $94,451. The firm’s co-founder, Michael Saylor, says Bitcoin is emerging as the “world’s reserve capital network”. He says the US should accumulate BTC to cement its global financial dominance. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post MicroStrategy Expands Board of Directors, Adds Former Acting Comptroller of the Currency Brian Brooks and Others appeared first on The Daily Hodl . U.Today

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Elon Musk: ‘Shocked’ If Biden Doesn’t Pardon SBF Amid Rising Rumors

The growing speculation surrounding a potential presidential pardon for Sam Bankman-Fried (SBF) has been fueled by high-profile figures and shifting political tides. A major Trump ally, Elon Musk, for one, will be “shocked” if US President Joe Biden does not grant an early pardon to the disgraced former CEO of FTX. Crypto, Politics, and Pardons Bankman-Fried, who was convicted in November 2023 on seven charges, including fraud and embezzlement, is currently serving a 25-year sentence for his role in the collapse of the cryptocurrency exchange. However, rumors of a pardon have gained traction, partly due to his significant political connections. As one of the largest donors to the Democratic Party, Bankman-Fried’s ties to key political figures, particularly Biden, have led many to wonder whether his political influence could play a role in securing a pardon. Speculation surrounding the possibility of clemency gained additional attention following comments from Musk, who tweeted that he would be “shocked if this doesn’t happen.” This statement aligns with shifting predictions on platforms like Polymarket, where odds for a potential pardon surged from 4% to 13%, indicating a growing belief that SBF’s ties to political elites might influence his fate. SBF’s trajectory from crypto wunderkind to convicted fraudster has been one of the most dramatic downfalls in recent financial history. At his peak, he was hailed as a leading figure in the industry, having founded FTX in 2019 and quickly built it into one of the world’s largest exchanges. He cultivated a public persona as a tech innovator with a commitment to social causes that earned him widespread recognition beyond the crypto circles. His political contributions were massive, with over $5 million donated to Biden’s 2020 campaign and nearly all his donations directed toward Democrats. However, the collapse of FTX in late 2022 exposed a $8 billion hole in customer funds that sent shockwaves through the financial world. While the legal case against him resulted in a conviction, some continue to speculate that a presidential pardon could allow the Biden administration to move on from the scandal. Ross Ulbricht’s Fate Still Unclear Meanwhile, the odds of Biden pardoning Ross Ulbricht, creator of the Silk Road marketplace, currently stands at 9%. However, Ulbricht could see freedom under Donald Trump’s presidency after the president-elect pledged to pardon him earlier this year. Ulbricht was convicted in 2015 on multiple charges, including drug trafficking and money laundering, and sentenced to life in prison. While libertarian and crypto advocates see him as a symbol of free trade and argue his punishment is unjust, critics highlight Silk Road’s links to drug overdoses and allegations that Ulbricht plotted murders to protect his platform. The Silk Road, active between 2011 and 2013, pioneered anonymous online trading using Bitcoin and Tor. Ulbricht’s mother, Lyn, led a high-profile campaign to reduce her son’s sentence, attracting widespread public support. The post Elon Musk: ‘Shocked’ If Biden Doesn’t Pardon SBF Amid Rising Rumors appeared first on CryptoPotato . U.Today