GameStop Inspired a Lingerie MMA League to Buy Bitcoin: SUBBD Token Soars?
The post GameStop Inspired a Lingerie MMA League to Buy Bitcoin: SUBBD Token Soars? appeared on BitcoinEthereumNews.com. Shaun Donelly knows a hot item when he sees one – and Bitcoin’s the hottest item of them all. The CEO of the Lingerie Fighting Championship plans to build the company’s own Bitcoin treasury, and he’s taking inspiration from an unlikely source: GameStop. Is this a flash in the pan, or is the Lingerie Fighting Championship onto something? And what does it mean for the future of Bitcoin treasuries – and for innovative applications of the blockchain? From GameStop, to Strategy, and Back Again Remember the glory days of GameStop stonks? Back when Robinhood, the trading platform, and GameStop were household names, at least for a certain sector of the trading populace. Since the heady days of $81.25 $GME stock, back in 2021, GameStop has largely trundled along, doing its own thing. Over the past year, it traded in a fairly narrow range, up a little under 5%. But GameStop did make a big splash a few weeks ago, when it announced that it was taking a step back from Michael Saylor’s Strategy approach, and would be amassing its own Bitcoin treasury. Ironically, back in 2020 and 2021, when $GME was soaring, Michael Saylor had already started to take the approach with (Micro)Strategy that would make him famous, purchasing Bitcoin early and often. And as Bitcoin’s price rose, Strategy’s strategy paid off. So when GameStop announced that it would follow in Saylor’s footsteps, some heads turned. And without further ado, GameStop purchased 4,170 Bitcoin. GameStop Inspires LFC Back to Shaun Donelly. The LFC CEO watched GameStop make its big Bitcoin purchase and decided to follow suit. To that end, the LFC will purchase $230K of Bitcoin in the next month; they plan to spend up to $2M in the next six months. The move comes ahead of a series of…
The post GameStop Inspired a Lingerie MMA League to Buy Bitcoin: SUBBD Token Soars? appeared on BitcoinEthereumNews.com.
Shaun Donelly knows a hot item when he sees one – and Bitcoin’s the hottest item of them all. The CEO of the Lingerie Fighting Championship plans to build the company’s own Bitcoin treasury, and he’s taking inspiration from an unlikely source: GameStop. Is this a flash in the pan, or is the Lingerie Fighting Championship onto something? And what does it mean for the future of Bitcoin treasuries – and for innovative applications of the blockchain? From GameStop, to Strategy, and Back Again Remember the glory days of GameStop stonks? Back when Robinhood, the trading platform, and GameStop were household names, at least for a certain sector of the trading populace. Since the heady days of $81.25 $GME stock, back in 2021, GameStop has largely trundled along, doing its own thing. Over the past year, it traded in a fairly narrow range, up a little under 5%. But GameStop did make a big splash a few weeks ago, when it announced that it was taking a step back from Michael Saylor’s Strategy approach, and would be amassing its own Bitcoin treasury. Ironically, back in 2020 and 2021, when $GME was soaring, Michael Saylor had already started to take the approach with (Micro)Strategy that would make him famous, purchasing Bitcoin early and often. And as Bitcoin’s price rose, Strategy’s strategy paid off. So when GameStop announced that it would follow in Saylor’s footsteps, some heads turned. And without further ado, GameStop purchased 4,170 Bitcoin. GameStop Inspires LFC Back to Shaun Donelly. The LFC CEO watched GameStop make its big Bitcoin purchase and decided to follow suit. To that end, the LFC will purchase $230K of Bitcoin in the next month; they plan to spend up to $2M in the next six months. The move comes ahead of a series of…
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