The Bitcoin Treasury trend, which has seen many companies adopting Michael Saylor’s strategy worldwide, entered a new phase on Thursday.
Lingerie Fighting Championship (bone)Las Vegas-based women’s MMA league has announced plans to acquire $230,000 worth of Bitcoin in 30 days, and up to $2 million over the next six months.
The decision to add BTC to the finances coincides with LFC’s first show in the UK. LFC43: Day 2 is set for July 4th in London and is already sold out. LFC44: Underground knockouts continue on July 6th at Cardiff.
The company did not provide an explanation of Bitcoin adoption in its press release. However, CEO Shaun Donnelly told Coindesk that LFC believes “there are many possibilities in Bitcoin to grow to levels that we’ve never seen before, and we wanted to enter while we can.”
“We can’t buy a lot, but I saw it like real estate. Even if it’s a small starter home, it’s better to be in the market than you would have if you were in when you could have,” he added.
Many Bitcoin Treasury Departments have chosen to scale back their previous businesses to fully identify them as BTC companies and concentrate on fundraising to buy Bitcoin.
Meanwhile, the Lingerie Fighting Championship may employ a Tesla approach and simply convert some of its cash holdings into BTC.
update (June 26th, 7:10pm): Updated with a comment from Donnelly.
