Bitcoin Adopted Reserve in Football

French football club Paris Saint-Germain (PSG) became the first football club to accept Bitcoin as a reserve.

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Bitcoin Now Has a Say in Football

Paris Saint-Germain (PSG) football club announced that it has added Bitcoin to its investment assets. PSG football club has adopted Bitcoin as a reserve. The Bitcoin 2025 conference was held in Las Vegas, USA. During the conference, PSG football club announced that they have adopted Bitcoin as a reserve asset. This makes PSG the first football club or sports organization to adopt Bitcoin as a treasury reserve. In addition, with this development, Bitcoin has entered the sports sector as a unit of value.

PSG football club has an organization called PSG Labs. PSG Labs works with the club's slogan "Innovation Center". The organization supports global initiatives and uses an end-to-end innovation engine designed to identify, accelerate and scale groundbreaking ideas. It continues its work with an ecosystem of world-class experts, partners and networks.

PSG Labs president Par Helgosson commented on the subject: "Last year, we actually put Bitcoin on our investment books. So, we put it on our fiat reserves and we actually allocated Bitcoin, we still have it on our books and as one of the biggest clubs in the world, we are the biggest player in the sports ecosystem to do that."

Conclusion

The intense Bitcoin purchases of institutional firms such as Metaplanet, Strategy, GameStop have made a lot of noise recently. The fact that a football team started to accumulate Bitcoin (BTC) as a reserve asset was quite a sensation for Bitcoin. It is quite remarkable that a club with a fan base of 500 million and almost 80% of whom are under the age of 34 has adopted such an innovation.

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