In a year when crypto stocks nearly moonwalked, executives at the sector’s top companies managed to secure hefty compensation packages.
summary
- Cryptocurrency company executives secured large payouts despite falling stock prices.
- Some packages included protection against market declines.
- Activist shareholder Paul Glaser opposes Pompliano’s M&A and pay package.
According to SEC filings reviewed by Protos.com, several crypto experts enjoyed salary spikes.
- david bailey: The CEO of Bitcoin finance company Nakamoto and a prominent President Trump ally has put together a stacked package that includes signing bonuses, consulting fees, stock options, restricted stock units, cash bonuses and even private jet usage fees, all paid to companies he runs.
- michael saylor: Despite the significant decline in the company’s common stock, the Strategic founder’s wealth also increased thanks to its Class B stock with enhanced voting rights, options, and convertible debt.
- Anthony Pompliano: The podcaster has prepared a dividend that will definitely make him rich even if ProCap’s stock price falls. And so it happened. One shareholder, Paul Glaser, issued a hostile letter disclosing his 7.7% stake in Columbus Circle Capital Corp. I, the special purpose acquisition company that ProCap is seeking to take public through the merger, and said he would vote against the merger “in its current form.”
- Joseph Onorati: The CEO of DeFi Development Corporation receives an annual salary of $574,000, plus a 200% bonus if the company achieves certain milestones.
- adam sullivan: Core Scientific’s CEO recognized a pay increase while the stock price was mostly depressed.
- Alan Marshall: The director of Solana’s finance company, Upexi, received subsidies and warrants in addition to his salary, while his shares were worth less than his holdings in Solana.
In other words, even if the market plummets, crypto executives’ wallets can certainly swell.
read more: XRP Price Prediction: Is it possible for the price to rise on a rebound above $2?
