The bitcoin treasury pattern — which has seen many companies globally adopting Michael Saylor’s technique — entered a brand new section on Thursday.
Lingerie Preventing Championships (BOTY), a Las Vegas-based girls’s MMA league, introduced 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 exhibits within the UK. LFC43: Sindependence Day 2 is about 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 rationalization for its bitcoin adoption in its press launch. Nonetheless, CEO Shaun Donnelly informed CoinDesk that LFC believed that “bitcoin has a number 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 in a position to buy a big quantity I checked out it like actual property — even when it’s solely a small starter dwelling it’s higher to be available in the market than outdoors wishing you had gotten in when you may have,” he added.
Quite a lot of bitcoin treasury companies have elected to reduce their prior companies with the intention to establish utterly as a BTC firm and concentrate on elevating funds with the intention to purchase bitcoin.
Lingerie Preventing 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.