El Salvador is the new financial headquarters of the European project with bitcoin

Botev Plovdiv, the oldest football club in Bulgaria and current champion of that country’s league, announced the establishment of a financial entity in El Salvador, from which it will issue its own tokens or tokenized shares on the Bitcoin network.

As revealed by George Manolov, Bitcoin Strategy leader of the Aurinegro team, the soccer club registered in the Central American country as a first step to tokenize its shares and issue them, as a financing method. With this, the creditors They will become co-owners of the sports entitysaid the executive.

The motivation that the club had to establish the entity in El Salvador is that it is the first country in the world to legally adopt bitcoin, which provides advantages for foreign entities, such as Botev Plovdiv, especially in what has to do with fiscal flexibility for BTC holdings.

According to what is indicated, the tokenized shares will be issued on the Bitcoin Liquid network and will be available for purchase on the Bitfinex Securities platform. The latter, which already has experience in the issuance of tokenized shares in El Salvador.

“We are here because we want to issue tokens from El Salvador to accumulate BTC, but also to allow our fans, on a global scale and anyone, to be part of the process to become a recognized European club,” highlighted the executive.

He also highlighted that the work with Bitfinex Securities seeks to “democratize actions”, since the investment “will be very low.” “Anyone can become a co-owner of the club,” he insisted.

The adoption of bitcoin by Botev Plovdiv It goes beyond the issuance of tokenized shares. The club already allows its fans to pay for tickets and merchandise with this digital currency. In addition, it offers incentives for its use and has installed ATMs to purchase this asset.

Since the team formally adopted bitcoin last year, they have been vocal about their intention to use BTC. to internationalize your brand, attract investment and reposition itself in European football. All this, following the example of El Salvador as a pioneer country in the adoption of BTC.

“We like to say that we have a 360-degree strategy to become a Bitcoin club, which means that we are gradually integrating BTC at every level imaginable,” Manolov highlighted.

This historic milestone from Botev Plovdiv demonstrates the transformative potential of Bitcoin in the world of sports, opening a new chapter in the way sports clubs can raise resources and They interact with their fans and manage their finances.