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.