The bitcoin treasury pattern — which has seen many corporations globally adopting Michael Saylor’s technique — entered a brand new section on Thursday.
Lingerie Fighting Championships (BOTY), a Las Vegas-based ladies’s MMA league, announced plans to amass $230,000 value of bitcoin inside 30 days and as much as $2 million over the subsequent six months.
The choice so as to add BTC to its treasury coincides with LFC’s first reveals within the UK. LFC43: Sindependence Day 2 is ready for July 4 in London and has already offered out. LFC44: Underground Knockouts follows in Cardiff on July 6.
The agency didn’t present any clarification for its bitcoin adoption in its press launch. Nevertheless, CEO Shaun Donnelly advised CoinDesk that LFC believed that “bitcoin has plenty of potential to develop to ranges by no means seen earlier than and we needed to get in whereas we nonetheless can.”
“Whereas we aren’t capable of buy a big quantity I checked out it like actual property — even when it’s solely a small starter residence it’s higher to be available in the market than exterior wishing you had gotten in when you can have,” he added.
Numerous bitcoin treasury corporations have elected to reduce their prior companies so as to establish utterly as a BTC firm and focus on raising funds so as to purchase bitcoin.
Lingerie Fighting Championships, in the meantime, could possibly be taking the Tesla method, merely changing a few of its money holdings into BTC.
UPDATE (June 26, 19:10PM): Up to date with feedback from Donnelly.
