Bitcoin (BTC) Treasury News: Lingerie Fighting Championships Joins

The bitcoin treasury development — which has seen many companies globally adopting Michael Saylor’s technique — entered a brand new part on Thursday.

Lingerie Fighting Championships (BOTY), a Las Vegas-based ladies’s MMA league, introduced plans to amass $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 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. However, CEO Shaun Donnelly advised CoinDesk that LFC believed that “bitcoin has lots of potential to grow to levels never seen before and we wanted to get in while we still can.”

“While we aren’t able to purchase a large amount I looked at it like real estate — even if it’s only a small starter home it’s better to be in the market than outside wishing you had gotten in when you could have,” he added.

Plenty of bitcoin treasury companies have elected to cut back their prior companies with a view to determine fully as a BTC firm and concentrate on elevating funds with a view to purchase bitcoin.

Lingerie Fighting Championships, in the meantime, might be taking the Tesla method, merely changing a few of its money holdings into BTC.

UPDATE (June 26, 19:10PM): Updated with feedback from Donnelly.