With the 2025‑26 seasons fast approaching, Bologna FC, AC Milan and FC Barcelona have been among the most active clubs on the market. Their activity has coincided with notable moves in the value of their official Fan Tokens. Barcelona grabbed a new forward, Bologna brought in two new signings and AC Milan continue their rebuild under new management.

Bologna: Decisive deals power Fan Token gains

Bologna’s transfer activity has made their Fan Token one of the summer’s standout performers. Today, Bologna’s Fan Token ($BFC) was trading at $0.13, up 12.69 % in a day and 4.31% over a week. Traders appear convinced that the Coppa Italia holders are building a squad capable of challenging in Europe.

The optimism stems from swift recruitment and a lucrative sale. Striker Ciro Immobile returned to Serie A, signing a one‑year deal after leaving Besiktas. Former Juventus winger Federico Bernardeschi joined on a free transfer, committing through 2027. Midfielder Tommaso Pobega switched permanently from Milan when Bologna renegotiated his loan into a roughly €8 million purchase. To balance those expenses, Bologna sold centre‑back Sam Beukema to Napoli for €30 million. The mix of experience arriving and profit being banked suggests a club investing wisely.

That shrewdness has fuelled speculation about further moves. Reports say Bologna contacted free agent Lorenzo Insigne, but the former Napoli forward prefers Lazio and has only held informal talks with other Serie A sides. Even without more additions, the Fan Token’s double‑digit daily jump signals investor confidence in Bologna’s direction.

AC Milan: Balanced business keeps Fan Token steady

AC Milan’s Fan Token ($ACM) has been far less volatile. It traded around $0.82, gaining 0.74% over a week and 2.37% in the last day. Milan’s market value reflects a window in which high‑profile arrivals and departures largely offset each other.

On the incoming side, the Rossoneri secured Luka Modrić on a contract through June 2026 (with an option to extend), providing leadership after his trophy‑laden spell at Real Madrid. They also spent about €23 million on midfielder Samuele Ricci, who signed until 2029. However, Milan sold last season’s standout midfielder Tijjani Reijnders to Manchester City for a fee reported to be around €55 million, leaving a creative void.

Rumours continue to swirl, but none has yet materialised. Full‑back Emerson Royal is close to a two‑year loan at Besiktas with a €10 million purchase option. Sporting director Igli Tare has acknowledged the need for a new striker, and Liverpool’s Darwin Núñez tops the wish‑list, though his price could delay any move.

Milan have also reopened talks with Valencia’s Javi Guerra, who is stalling on a contract renewal. Because these deals are unresolved, traders are waiting before driving $ACM higher.

The Fan Token’s slight uptick suggests they believe Modrić and Ricci can mitigate Reijnders’ exit, but a marquee forward is needed to unlock more growth.

Barcelona: Loan move calms Fan Token market

FC Barcelona’s Fan Token ($BAR) has been equally muted. The Fan Token hovers around $1.12, up 1.47 % in seven days. The club’s only major addition is a low‑risk loan. Marcus Rashford arrived from Manchester United on a season‑long deal; Barcelona will cover his wages, and there is a €30 million option to buy – Rashford called the move “a dream come true” and praised coach Hansi Flick.

Barcelona needed to ease the scoring load on Robert Lewandowski and provide competition for youngsters such as Lamine Yamal. Rashford can play across the front three and should supply pace and penetration. Nevertheless, because the deal is only a loan and the fee to make it permanent is not guaranteed, traders have reacted cautiously. $BAR has ticked up slightly week‑on‑week but declined marginally day‑to‑day, indicating that Fan Token holders view the transfer as sensible rather than transformational.

The 2025 summer window illustrates how Fan Token prices mirror club strategy. Bologna’s decisive spending combined with a profitable sale has driven BFC into double‑digit daily gains. AC Milan’s balanced business has kept ACM essentially flat, as investors wait for an elite striker to arrive. Barcelona’s cautious loan for Rashford has steadied BAR without igniting it. With weeks left before the window closes, further deals, particularly at centre‑forward for Milan or another attacking option for Bologna, could change the landscape once again so those remain the Fan Tokens to watch this summer.