Real Bedford FC, a UK-based non-league football club backed by Winklevoss, has recently made headlines by acquiring $4.5 million worth of Bitcoin. The club’s founder, Peter McCormack, who is also a prominent crypto podcaster, announced that Real Bedford has purchased 66.9 BTC at an average price of around $67,220 per Bitcoin. Currently, the club holds 82.7 BTC valued at $5.37 million, bought at an average price of $64,925 per Bitcoin. This strategic move reflects McCormack’s vision of using digital assets to propel the club’s ambitious rise in the footballing world.
Situated in Bedford, UK, Real Bedford was acquired by McCormack in 2021 with a goal of taking the team to greater heights in the football league. To achieve this, substantial financial support and innovative strategies are essential. McCormack’s expertise in the crypto space and his strong connections within the crypto community, including support from Winklevoss Capital, provide a solid foundation for this mission. The recent acquisition of Bitcoin by Real Bedford reinforces the club’s commitment to leveraging digital assets for its advancement.
A portion of the acquired Bitcoin, 15.8 BTC, is designated for football-related expenses, while the remaining balance is securely held in Real Bedford’s treasury. In April, Winklevoss Capital invested $4.5 million in RBFC, leading to Cameron and Tyler Winklevoss becoming co-owners of the club alongside Peter McCormack. This collaboration between crypto investors and a football club reflects the growing trend of partnerships between sports teams and crypto firms.
In recent years, various football clubs have entered into sponsorship deals or received investments from crypto companies or individuals. For instance, Southampton Football Club partnered with Coingaming Group, Paris Saint-Germain teamed up with Socios.com for fan engagement through digital tokens, FC Bayern Munich partnered with Bitpanda, and AC Milan joined forces with BitMex. Watford FC also signed a sponsorship deal with Stake.com, a cryptocurrency sports betting platform. Real Bedford FC’s significant investment in Bitcoin underscores the deepening integration of sports and crypto industries.
The acquisition of $4.5 million in Bitcoin by Real Bedford FC serves as a milestone in the intersection of sports and crypto sectors. This move aligns with the club’s vision of utilizing digital assets to fuel its growth in the competitive football landscape. With support from Winklevoss Capital and McCormack’s expertise in the crypto space, Real Bedford aims to make a mark in the football league and showcase the potential of cryptocurrencies in the sports industry. As more football clubs embrace partnerships with crypto firms, Real Bedford FC’s venture into Bitcoin highlights the transformative power of digital assets in shaping the future of sports financing.
