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Vive Le Bitcoin! French Football Giant Embraces Crypto As Treasury Reserve

  • Paris Saint-Germain becomes the first top-tier football club to add Bitcoin to its financial reserves by converting part of its cash holdings into BTC last year.
  • The move signifies a shift towards owning crypto as an asset rather than issuing fan tokens or NFTs.
  • PSG aims to stay connected with its 550 million global fans, especially the younger demographic, by incorporating Bitcoin into its financial strategy.
  • PSG Labs, the special unit of the club, plans to support early-stage crypto startups and leverage its large fan base and strong sponsor relationships.

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