Ever wondered what happens when crypto platforms decide to burn cash on race cars? Here's the math: one major player's dropping $40 million annually just to slap their logo on Red Bull's F1 machinery. Another big exchange went halfsies with ApeCoin and some new Layer-1 project to sponsor Alpine's team. McLaren? That's got backing from a different platform.
When you're seeing $100 million-plus commitments for full-season motorsport deals, it's not just marketing flex. These treasuries aren't running on fumes—they're overflowing. Remember that UFC partnership inked back in November 2021 when Bitcoin was riding high? Same energy, different arena. The money's clearly still there, and they're betting big that eyeballs at 200mph are worth every penny.
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MEVHunterX
· 4h ago
Damn, 40 million thrown at F1? This treasury really has money... But seriously, once this money is burned and the token price drops, who will step in to save the day?
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NftRegretMachine
· 12-07 15:54
Haha, this is the soap bubble that traditional finance is jealous of—the old trick of burning money to buy hype.
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Damn, 40 million thrown at F1? We're still worried about the bear market and they're already dreaming big.
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It's ridiculous. When the crypto world has money, they really dare to spend it. Wait for the next black swan event and they'll be crying.
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Do you remember how crazy it was with the UFC? Now they're doing the same thing with F1. Let's see who laughs last.
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A typical money game—grab attention and then harvest the newbies. Same trick, just in a different place.
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Honestly, even if this kind of marketing backfires, they're willing to take the loss. Shows they really do have resources in hand.
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BlockchainBard
· 12-07 15:53
NGL, the way these exchanges burn money is honestly absurd. Spending $40 million on F1 paint jobs just to put a logo... I mean, I don't see how this has anything to do with the coin price at all.
Ever wondered what happens when crypto platforms decide to burn cash on race cars? Here's the math: one major player's dropping $40 million annually just to slap their logo on Red Bull's F1 machinery. Another big exchange went halfsies with ApeCoin and some new Layer-1 project to sponsor Alpine's team. McLaren? That's got backing from a different platform.
When you're seeing $100 million-plus commitments for full-season motorsport deals, it's not just marketing flex. These treasuries aren't running on fumes—they're overflowing. Remember that UFC partnership inked back in November 2021 when Bitcoin was riding high? Same energy, different arena. The money's clearly still there, and they're betting big that eyeballs at 200mph are worth every penny.