The Lingerie Fighting Championships MMA tournament bets on Bitcoin following GameStop

#LingerieFightingChampionships , a women's mixed martial arts tournament, is planning to purchase $2.23 million in Bitcoin and add it to its treasury. This decision was inspired by GameStop's purchase of Bitcoin at the end of May.

Financial strategy and challenges

Shaun Donnelly, CEO of LFC, believes that investing in Bitcoin is "a natural thing" and its potential for appreciation is significant. He draws lessons from the success of MicroStrategy and other companies that have added Bitcoin to their balance sheets.

LFC views its treasury $BTC as a 10-year long-term strategy and believes it will enhance financial strength. Although LFC does not rely entirely on Bitcoin as its primary source of revenue, this still raises questions about the ability to withstand significant price volatility of the cryptocurrency.