US Women's MMA League plans to purchase up to $2 million in Bitcoin (BTC) within 6 months
JH Kim
Summary
- The US women's mixed martial arts league, Lingerie Fighting Championships, announced the official adoption of a financial strategy including Bitcoin (BTC).
- The league said it plans to buy about $230,000 worth of Bitcoin within 30 days, and to purchase up to an additional $2 million in Bitcoin within 6 months.
- It was added that this decision is seen as an effort to utilize BTC as a financial hedge and investment asset.
According to CoinDesk, a cryptocurrency-focused media outlet, on the 26th (local time), the US women's mixed martial arts (MMA) league, Lingerie Fighting Championships, announced the official adoption of a financial strategy that includes Bitcoin (BTC).
The league plans to first purchase approximately $230,000 worth of Bitcoin within 30 days, and additionally purchase up to $2 million worth of Bitcoin within the next 6 months.
This decision is interpreted as an effort to utilize BTC as a financial hedge and investment asset.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
