PSG Announces Long-Term Bitcoin Treasury Strategy and Token Trading Surge
Paris Saint-Germain (PSG) has announced a long-term Bitcoin treasury strategy, disclosed by Pär Helgosson at the Bitcoin 2025 conference. Key points include:
- PSG began accumulating Bitcoin in 2024 and has retained its holdings.
- Following the announcement, PSG’s fan token briefly rose to $2.75 before settling at $2.58, with trading volume increasing by 120% to $22 million.
- PSG is the first football club to publicly confirm long-term Bitcoin investments.
- The initiative aims to connect with PSG's 550 million global fans, especially younger audiences.
- Plans include collaborating with Bitcoin ventures for various projects and support initiatives.
In terms of price analysis, the PSG token is currently around $2.58. A drop below the mid-band support at $2.64 may push it towards $2.42. The RSI is at 43, indicating neutral momentum.
Additionally, a new meme coin, Bitcoin Bull ($BTCBULL), is gaining attention due to its presale model linked to Bitcoin's price rise, having raised over $6.59 million toward a $7.5 million goal.
- Current token price: $0.002535
- Payment methods: ETH, USDT
- Ticker: BTCBULL