MicroStrategy (MSTR), led by Bitcoin enthusiast Michael Saylor, has announced the addition of three new board members, including former Binance.US CEO Brian Brooks. This comes on the heels of MicroStrategy’s inclusion in the prestigious Nasdaq-100 index. According to a Dec. 20 SEC filing, the new members—Brooks, Jane Dietze, and Gregg Winiarski—bring fresh perspectives to the software giant, which has gained fame for its massive Bitcoin holdings.
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Brian Brooks Brings Significant Experience
Brian Brooks’ appointment is creating quite a stir in the crypto world. Bitcoin platform Swan Bitcoin described it as a “BIG deal,” noting that Brooks’ tenure as the U.S. Comptroller of the Currency gives him deep connections in finance and crypto regulation. Brooks, who resigned from Binance.US in 2021 due to “differences over strategic direction,” has been speculated as a potential SEC Chair replacement.
MicroStrategy Joins Nasdaq-100 on December 23
As if the board additions weren’t exciting enough, MicroStrategy will officially join the Nasdaq-100 index starting Dec. 23. The listing puts the company alongside industry giants like Palantir Technologies (PLTR), confirming its growing influence in the tech and crypto space.
Is MicroStrategy a Good Buy?
Analysts remain optimistic about MSTR stock, with a Strong Buy consensus rating based on a unanimous eight Buys. Over the past year, MSTR has increased by more than 482%, and the average MSTR price target of $529.57 implies an upside potential of 50.8% from current levels.
