MicroStrategy Pivots to Bitcoin Payouts for Board of Directors

MicroStrategy Inc. is pivoting to payouts in Bitcoin for its four independent directors, marrying management closer to the software maker’s strategy of investing in the largest cryptocurrency.

Compensation fees for each board member will be based in U.S. dollars and will be converted into Bitcoin during the time of payment. The move is the software-analytics developer’s “commitment to Bitcoin given its ability to serve as a store of value,” the Tysons Corner, Virginia-based company said in a filing.

Shares in MicroStrategy jumped as much as 4.9% to $745.94 in New York trading. The stock has surged almost 500% in the ...