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Pro Athletes Among Group Trying to Raise $4B in Cryptocurrency to Buy Denver Broncos

Related Topics: Denver Broncos, Youdao

Businessman Sean O'Brien has helped create the "BuyTheBroncos" decentralized autonomous organization (DAO), which aims to raise $4 billion in cryptocurrency for bidding to purchase the NFL's Denver Broncos franchise.

CNBC's MacKenzie Sigalos reported Saturday the group of "crypto enthusiasts" already includes attorneys, accountants, software developers and pro athletes ahead of the DAO's launch in March.

"We know it sounds a bit crazy, but it's also a bit badass," O'Brien told CNBC. "The purpose essentially is to establish an infrastructure so that fans from all walks of life can be owners of the Denver Broncos."

This article will be updated to provide more information on this story as it becomes available.