The bitcoin treasury pattern — which has seen many corporations 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 accumulate $230,000 value of bitcoin inside 30 days and as much as $2 million over the following 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 clarification for its bitcoin adoption in its press launch. Nevertheless, CEO Shaun Donnelly advised CoinDesk that LFC believed that “bitcoin has numerous 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 house it’s higher to be out there than outdoors wishing you had gotten in when you can have,” he added.
Plenty of bitcoin treasury corporations have elected to cut back their prior companies with a view to establish fully as a BTC firm and deal with elevating funds with a view 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.
