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Red Bull sign a $150-Million Crypto tie-up with Bybit
Red Bull have signed a multi-year partnership with cryptocurrency exchange Bybit in what the Formula 1 team said was the largest annual crypto tie-up in international sport so far. The Milton Keynes-based team did not reveal a deal value in their statement issued on Wednesday but an informed source said it was worth $150-Million over three years with Bybit becoming the squad's 'principal team partner', a newly-created tier second only to 'title partner.' The Bybit deal comes after Red Bull unveiled software giant Oracle as their title sponsor last week in a deal sources told Reuters was worth $300 million over five years. The two together add up to $110 million a year, covering a...
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