Skip to main content [aditude-amp id="stickyleaderboard" targeting='{"env":"staging","page_type":"article","post_id":1774612,"post_type":"story","post_chan":"none","tags":null,"ai":false,"category":"none","all_categories":"business,offbeat,","session":"B"}']

Mike Tyson wants a bite of the Bitcoin market

Mike Tyson is either getting into the Bitcoin game or is getting scammed out of a bunch of money.

Tyson, a former heavyweight boxing world champion, tweeted a link this weekend to a website with the best URL you’ll see all year:

[aditude-amp id="flyingcarpet" targeting='{"env":"staging","page_type":"article","post_id":1774612,"post_type":"story","post_chan":"none","tags":null,"ai":false,"category":"none","all_categories":"business,offbeat,","session":"B"}']

The man who once squandered $400 million wants to change the way we get change.

AI Weekly

The must-read newsletter for AI and Big Data industry written by Khari Johnson, Kyle Wiggers, and Seth Colaner.

Included with VentureBeat Insider and VentureBeat VIP memberships.

It almost makes sense: nobody wants to tell Mike Tyson he can’t do something. A stint on Dancing With the Stars? A documentary about your passion for pigeons? A feature on Madonna’s new album? Now Bitcoin?

Whatever you say, Mike.

The Mike Tyson Bitcoin ATM website gets straight to it: this machine will turn your cash to Bitcoin in 20 seconds. Mike Tyson’s shortest fight ever was 30 seconds. Coming to Las Vegas in August.

A spokesperson gave CNBC this comment from Tyson that he definitely did not write:

“I’m very proud to be a part of the Bitcoin revolution. Digital currency is the future and the more I learn about it the more intrigued I become. Digital currency is going to level the playing ground for those that want alternatives for financial freedom. No one knows better than I how uncertain the economy can be and at this juncture in my life it is imperative that I am proactive about my financial planning and for me it includes Bitcoin.”

Whatever you say, Mike.

But this wouldn’t be a Mike Tyson story without some kind of bizarre hiccup.

[aditude-amp id="medium1" targeting='{"env":"staging","page_type":"article","post_id":1774612,"post_type":"story","post_chan":"none","tags":null,"ai":false,"category":"none","all_categories":"business,offbeat,","session":"B"}']

Silicon Angle points out that this whole thing could easily be a scam: Mike Tyson Bitcoin’s URL is registered to a Peter Klamka, who owns Bitcoin Brands Inc and Bitcoin Direct LLC.

Bitcoin Brands Inc is an OTC stock with a market cap of less than $7,000. Unlike the NYSE or NASDQ, these are unlisted stocks, so details are scant.

Nevada state records show that Bitcoin Direct LLC filed opening paperwork just four months ago. A press release soon followed in which the company describes itself as providing “bitcoin transaction solutions.” That same release notes that the company is financed by the Conex Cattle Corporation, a beef provider that purchased a majority stake in Bitcoin Direct just after it opened.

Googling Klamka’s name yields equally shady results: the first is a bizarre website with equally bizarre comments that appear to be written by someone very defensive of Peter Klamka. The second result is a court brief stemming from his failure to pay child support.

[aditude-amp id="medium2" targeting='{"env":"staging","page_type":"article","post_id":1774612,"post_type":"story","post_chan":"none","tags":null,"ai":false,"category":"none","all_categories":"business,offbeat,","session":"B"}']

In all likelihood, a huckster has convinced Tyson, a professional head trauma survivor, that Bitcoin will be his Foreman Grill. Or maybe Tyson actually is passionate about “proactive financial planning.”

Whatever you say, Mike.

VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative enterprise technology and transact. Learn More