In a bold move ahead of the Champions League Final, Paris Saint-Germain (PSG) has confirmed it holds Bitcoin on its balance sheet, marking a historic first for the global sports industry. The announcement was made by Pรคr Helgosson, head of PSG Labs, during the Bitcoin 2025 conference in Las Vegas on Thursday.
According to Helgosson, PSG began accumulating Bitcoin in 2023 by converting part of its fiat reserves into the leading cryptocurrency โ and it hasnโt sold since.
โWe allocated Bitcoin from our treasury, and it remains on our books today,โ Helgosson said. โAs one of the largest football clubs on the planet, weโre now the biggest name in sports to integrate Bitcoin into our financial strategy.โ
While many sports teams flirted with crypto fan tokens and NFTs during the last bull market via platforms like Chiliz and Socios, PSG is the first to take a long-term treasury position in Bitcoin โ signaling a shift from hype to serious adoption.
The clubโs early ventures into Web3 are well documented, but this latest move sets it apart as a trailblazer in the crypto-sports crossover.
Bitcoin Treasuries Are Back in Fashion
Crypto treasury strategies โ once popular during the 2020โ2021 bull run โ are experiencing a revival. Companies such as Trump Media and Twenty One Capital have made headlines recently with large Bitcoin holdings, drawing inspiration from Michael Saylorโs Strategy playbook. Meanwhile, some firms are betting on alternatives like Ethereum (ETH) and Solana (SOL).
PSGโs embrace of Bitcoin fits within this broader trend but also stands out for its cultural and brand-driven motivations.
Appealing to a Young Global Fanbase
Helgosson highlighted that roughly 80% of PSGโs 550 million global fans are under the age of 34 โ a demographic deeply familiar with digital assets.
โWeโre more than just a football team โ PSG is a lifestyle brand,โ said Helgosson. โJust like Bitcoin, we represent whatโs next.โ
This generational connection may explain the clubโs progressive crypto strategy โ one that positions it at the forefront of financial and technological evolution in sports.
Paris Saint-Germain (PSG) Labs and the Future of Crypto in Sports
PSG has also been a first-mover in innovation, being the earliest major football club to appoint a Head of Web3 and Metaverse. PSG Labs, the clubโs in-house innovation hub, is now focused on investing in and incubating the next wave of Bitcoin and crypto entrepreneurs.
โWeโre not just holding Bitcoin,โ Helgosson emphasized. โWeโre partnering with builders โ weโll launch with you, raise with you, and help you scale to our global audience.โ
With over half a billion fans worldwide, PSGโs support could become a game-changer for emerging Web3 startups seeking visibility and adoption.