The Bitcoin Treasury trend – which has seen many companies globally adopt Michael Saylor’s strategy – entered a new phase on Thursday.
Lingerie Cambs (Boty)A Las Vegas-based Women’s MMA League, announced plans to acquire $ 230,000 worth of Bitcoin within 30 days and up to $ 2 million over the next six months.
The decision to add BTC to its Treasury coincides with LFC’s first shows in the UK. LFC43: Sad addiction Day 2 is set to July 4 in London and is already sold out. LFC44: Underground knockouts follow in Cardiff on July 6th.
The company gave no explanation for its Bitcoin resolution in its press release. However, CEO Shaun Donnelly told Coindesk that LFC thought “Bitcoin has plenty of potential to grow to levels that were never seen before and we would come in while we still can.”
“Although we are unable to buy a large amount, I looked at it as real estate – even if it is only a small starter house, it is better to be on the market than outside who want you to come in when you could have,” he added.
A number of Bitcoin Treasury companies have chosen to scale down their former companies to completely identify themselves as a BTC company and focus on raising money to buy Bitcoin.
Lingerie fighting championships could meanwhile take the Tesla approach and simply convert some of its cash holdings to BTC.
Update (June 26, 19:10): Updated with comments from Donnelly.
