Robinhood shares gain on Q2 beat, as user and crypto growth accelerate
MicroStrategy Inc . (NASDAQ:MSTR) announced Tuesday the election of Peter L. Briger, Jr. to its board of directors. The appointment was made by the board following a recommendation from its Nominating Committee. At this time, Mr. Briger has not been assigned to any board committee. The company, currently valued at $104.96 billion, has seen its stock surge 39.57% year-to-date, according to InvestingPro data, which rates the company’s overall financial health as "Fair."
Mr. Briger, age 61, is currently chairman of the board of Fortress Investment Group, an investment management firm. He joined Fortress in 2002 and previously served as co-chief executive officer and co-chief investments officer until 2024. Before Fortress, Mr. Briger spent fifteen years at Goldman Sachs, becoming a partner in 1996. He also serves or has served on the boards of several organizations, including Princeton University, the UCSF Foundation, Tipping Point, and the Guild Theatre in Menlo Park. Mr. Briger is a member of the Council on Foreign Relations and a lecturer at the Stanford Graduate School of Business. He holds a B.A. from Princeton University and an M.B.A. from the Wharton School at the University of Pennsylvania. With the stock trading at $373.14, between its 52-week range of $102.40 to $543.00, investors can access detailed valuation analysis and 12 additional ProTips through InvestingPro.
In connection with his election, Mr. Briger was automatically granted equity awards under the company’s 2023 Equity Incentive Plan. The awards have an aggregate fair value of $2,000,000, consisting of non-statutory stock options and restricted stock units, each valued at $1,000,000. These awards vest in equal annual installments over four years, subject to the plan’s terms. Mr. Briger will also receive compensation and benefits available to all non-employee directors as described in MicroStrategy’s proxy statement filed with the Securities and Exchange Commission on April 28, 2025.
Separately, MicroStrategy announced that Wei-Ming Shao, executive vice president, general counsel, and corporate secretary, has informed the company of his intent to retire on December 31, 2025, after more than 25 years of service. The company will conduct a search for his successor, with Mr. Shao participating in the process to support a smooth transition.
This information is based on a press release statement contained in a filing with the Securities and Exchange Commission.
In other recent news, Strategy has made significant strides in its bitcoin acquisition strategy, purchasing 4,980 bitcoins recently, which exceeded previous estimates. This acquisition contributed to over $4 billion in bitcoin gains for the company. Additionally, Strategy purchased another 245 bitcoins, bringing its total holdings to 592,345 bitcoins. Analyst firm TD Cowen reiterated its Buy rating on Strategy, highlighting the company’s bitcoin gains and projecting that Strategy could hold over 850,000 bitcoins by the end of fiscal year 2027. Furthermore, Strategy has launched a new platform, Strategy Mosaic, designed to unify enterprise data for AI applications, which is immediately available. Stifel also resumed coverage of Strategy with a Buy rating, forecasting a 5.5% revenue growth in 2025, driven by international market contributions. The firm noted positive trends in U.S. sales growth, attributing this to successful innovation and favorable market conditions. Meanwhile, JPMorgan highlighted the potential risk of index exclusion for Strategy as its market capitalization grows due to its aggressive bitcoin acquisition strategy. The company’s financing approach has shifted towards high-yield instruments, which now account for a significant portion of its bitcoin assets.
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