According to Bloomberg, the startup The Bitcoin Society, backed by French NBA star Tony Parker and entrepreneur Éric Larchevêque, has abandoned its plan to establish a crypto treasury. In an interview, Larchevêque stated that the market environment is no longer favorable for the company to accumulate Bitcoin reserves through fundraising. The decision was made in the first quarter of this year when Bitcoin's price dropped by over 20%. Previously, The Bitcoin Society had announced plans to advance its Bitcoin reserve strategy. https://(wublock123.com)/news/tony-parker-backed-the-bitcoin-society-drops-treasury-plan-60937