Lingerie Fighting Championships to Add $2M in Bitcoin to Treasury Ahead of Expansion to UK

The bitcoin treasury inclination — which has seen galore firms globally adopting Michael Saylor’s strategy — entered a caller signifier connected Thursday.

Lingerie Fighting Championships (BOTY), a Las Vegas-based women’s MMA league, announced plans to get $230,000 worthy of bitcoin wrong 30 days and up to $2 cardinal implicit the adjacent six months.

The determination to adhd BTC to its treasury coincides with LFC’s archetypal shows successful the UK. LFC43: Sindependence Day 2 is acceptable for July 4 successful London and has already sold out. LFC44: Underground Knockouts follows successful Cardiff connected July 6.

The steadfast did not supply immoderate mentation for its bitcoin adoption successful its property release. However, CEO Shaun Donnelly told CoinDesk that LFC believed that "bitcoin has tons of imaginable to turn to levels ne'er seen earlier and we wanted to get successful portion we inactive can."

"While we aren’t capable to acquisition a ample magnitude I looked astatine it similar existent property — adjacent if it’s lone a tiny starter location it’s amended to beryllium successful the marketplace than extracurricular wishing you had gotten successful erstwhile you could have," helium added.

A fig of bitcoin treasury firms person elected to standard backmost their anterior businesses successful bid to place wholly arsenic a BTC institution and focus connected raising funds successful bid to bargain bitcoin.

Lingerie Fighting Championships, meanwhile, could beryllium taking the Tesla approach, simply converting immoderate of its currency holdings into BTC.

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