SPORTS
PSG Becomes First Major Sports Club To Add Bitcoin To Treasury
Published
5 months agoon
By
WALE BUSARI
Paris Saint-Germain (PSG) has become the first top-tier global sports club to publicly hold Bitcoin as part of its corporate treasury.
The landmark announcement was made on May 29, 2025, during the Bitcoin 2025 conference in Las Vegas.
Pär Helgosson, Head of PSG Labs, revealed that the club began quietly converting a portion of its fiat reserves into Bitcoin in 2024 as part of a long-term financial strategy.
“Bitcoin offers a strong hedge against inflation and aligns with our innovation goals,” Helgosson said.
PSG now joins companies like MicroStrategy and GameStop in adopting Bitcoin but becomes the first in the sports world to take such a step.
The move also reflects the club’s commitment to connecting with its largely young, tech-savvy fanbase—more than 80% of whom are under the age of 34.
PSG also announced plans to expand PSG Labs, its innovation hub, to support Bitcoin and Web3 startups with funding and global exposure.
The club is no stranger to the crypto space, having previously partnered with Socios.com and Crypto.com, launched multiple NFT campaigns, and operated a validator node on the Chiliz blockchain.
At the time of the announcement, Bitcoin was trading at approximately $106,118. PSG’s bold leap into digital assets could signal a new era in sports finance.
Related
Discover more from Naijanewstoday
Subscribe to get the latest posts sent to your email.
Hi, I’m Babawale Busari — a passionate storyteller, content creator, and observer of the world around me. I share compelling stories, current events, digital trends, and insightful commentary that spark thought and conversation. Whether it’s news, culture, tech, or everyday experiences, I believe every detail matters. Thanks for stopping by — let's explore the world, one post at a time.
You may like
-
NYSC Lagos Orientation Course Kicks Off, Officials Urged to Foster Unity and Collaboration
-
Nigerian troops arrest suspects, seize illegal petroleum products in Niger-Delta
-
Philanthropist Donates to Orphanage, Elderly Home on Birthday
-
An Orator and a Colossus: Tributes to Two Great Ngbo Men Who Inspire Me
-
Firms Team Up to Train C-Sagas Foundation Youth in Tech
-
Alumnus Commissions Modern Bus Stops at AE-FUNAI
-
Tiwa Savage denies trolling Wizkid
-
Ebonyi Gov. Aide Hails Speaker Odunwa on His Birthday
-
Nwali Hails Odunwa on Birthday, Praises Leadership and Peaceful Demeanor
-
Ooni of Ife Dismisses Alaafin of Oyo’s Ultimatum Over Chieftaincy Title
-
Female NYSC Member Brutally Assaulted and Stripped by Vigilante Group in Anambra
-
Niniola Remembers Late Father, Opens Up About Trauma Of 1995 Murder
NYSC Lagos Orientation Course Kicks Off, Officials Urged to Foster Unity and Collaboration
Nwede Congratulates APC Leader Okenwa on Becoming a Barrister
Police arrest six over alleged abduction of business partner in Lagos
Nigerian troops arrest suspects, seize illegal petroleum products in Niger-Delta
Philanthropist Donates to Orphanage, Elderly Home on Birthday
An Orator and a Colossus: Tributes to Two Great Ngbo Men Who Inspire Me
Firms Team Up to Train C-Sagas Foundation Youth in Tech
Edo Police Recover ₦300,000 Extorted From Furniture Maker, Detain Officers
AmusanTakes Silver as Kambundji Makes History in 100m Hurdles
Alumnus Commissions Modern Bus Stops at AE-FUNAI
End SARS Critic Yunusa Ahmadu Yusuf Dies in Abuja Hotel at 47
Iheanacho’s Last-Gasp Penalty Fires Celtic Back to Top of Scottish Premiership
NiMet Forecasts Three Days of Thunderstorms, Moderate Rains Across Nigeria
FCT Resident Doctors Declare Indefinite Strike
Rivers Prepares for Fubara’s Return as Ibas Defends Six-Month Tenure
NYSC Lagos Orientation Course Kicks Off, Officials Urged to Foster Unity and Collaboration
Nwede Congratulates APC Leader Okenwa on Becoming a Barrister
Police arrest six over alleged abduction of business partner in Lagos
Nigerian troops arrest suspects, seize illegal petroleum products in Niger-Delta
Philanthropist Donates to Orphanage, Elderly Home on Birthday
An Orator and a Colossus: Tributes to Two Great Ngbo Men Who Inspire Me
Firms Team Up to Train C-Sagas Foundation Youth in Tech
Edo Police Recover ₦300,000 Extorted From Furniture Maker, Detain Officers
AmusanTakes Silver as Kambundji Makes History in 100m Hurdles
Alumnus Commissions Modern Bus Stops at AE-FUNAI
End SARS Critic Yunusa Ahmadu Yusuf Dies in Abuja Hotel at 47
Iheanacho’s Last-Gasp Penalty Fires Celtic Back to Top of Scottish Premiership
NiMet Forecasts Three Days of Thunderstorms, Moderate Rains Across Nigeria
FCT Resident Doctors Declare Indefinite Strike
Rivers Prepares for Fubara’s Return as Ibas Defends Six-Month Tenure
NYSC Lagos Orientation Course Kicks Off, Officials Urged to Foster Unity and Collaboration
Nwede Congratulates APC Leader Okenwa on Becoming a Barrister
Police arrest six over alleged abduction of business partner in Lagos
Nigerian troops arrest suspects, seize illegal petroleum products in Niger-Delta
Philanthropist Donates to Orphanage, Elderly Home on Birthday
An Orator and a Colossus: Tributes to Two Great Ngbo Men Who Inspire Me
Firms Team Up to Train C-Sagas Foundation Youth in Tech
Edo Police Recover ₦300,000 Extorted From Furniture Maker, Detain Officers
AmusanTakes Silver as Kambundji Makes History in 100m Hurdles
Alumnus Commissions Modern Bus Stops at AE-FUNAI
End SARS Critic Yunusa Ahmadu Yusuf Dies in Abuja Hotel at 47
Iheanacho’s Last-Gasp Penalty Fires Celtic Back to Top of Scottish Premiership
NiMet Forecasts Three Days of Thunderstorms, Moderate Rains Across Nigeria
FCT Resident Doctors Declare Indefinite Strike