French football club Paris Saint-Germain (PSG) announces Bitcoin reserve

Paris Saint-Germain (PSG) announced its addition of Bitcoin to its balance sheet, marking a significant move in the sports industry. This initiative appeals to its predominantly young fanbase, nearly 80% under the age of 34.

The announcement follows GameStop’s recent Bitcoin acquisition, amidst Bitcoin’s pricing at approximately 5% below the recent all-time high of 111,800 USD. This indicates a growing acceptance of cryptocurrency in mainstream financial strategies.

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