Amid Bitcoin’s strong performance around $68,000, British football club Real Bedford FC has added $4.5 million worth of Bitcoin to its portfolio.
On July 21, the club’s chairman, Peter McCormack, revealed that they acquired 66.9 BTC for approximately $67,220 each, bringing their total holdings to over 82.7 BTC.
Real Bedford has acquired 66.9 BTC for $4,500,420.69 @ avg price of ~$67,220 per #bitcoin.
As of today, @realbedford HODLs 82.7 $BTC acquired for ~$5.37m @ avg price of ~$64,925 per bitcoin.
15.8 BTC is held in float for football matters, the rest is held in our treasury.
— Peter McCormack 🏴☠️ (@PeterMcCormack) July 21, 2024
McCormack indicated that 15.8 BTC will be set aside for football-related activities, while the remaining Bitcoin will be placed in the club’s Treasury.
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This acquisition brings their total investment in Bitcoin to about $5.37 million. Notably, MicroStrategy Chairman Michael Saylor praised the move on social media.
Earlier this year, the Winklevoss Twins of Gemini also invested $4.5 million in Bitcoin to become co-owners of Real Bedford FC, alongside McCormack.
