The bitcoin treasury development — which has seen many corporations globally adopting Michael Saylor’s technique — entered a brand new part on Thursday.
Lingerie Combating Championships (BOTY), a Las Vegas-based ladies’s MMA league, announced plans to accumulate $230,000 price 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 exhibits within the UK. LFC43: Sindependence Day 2 is about for July 4 in London and has already bought 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. Nonetheless, CEO Shaun Donnelly instructed CoinDesk that LFC believed that “bitcoin has a lot of potential to develop to ranges by no means seen earlier than and we wished to get in whereas we nonetheless can.”
“Whereas we aren’t in a position to 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 cut back their prior companies in an effort to determine fully as a BTC firm and focus on raising funds in an effort to purchase bitcoin.
Lingerie Combating Championships, in the meantime, might be taking the Tesla strategy, merely changing a few of its money holdings into BTC.
UPDATE (June 26, 19:10PM): Up to date with feedback from Donnelly.