Real Bedford Club Invests $4.5 Million in Bitcoins
Football club «Real Bedford» has acquired bitcoins worth $4.5 million as part of its strategy to finance future successes. The club’s owner, podcaster Peter McCormack, announced that the club bought 66.9 BTC at a price of $67,220 per bitcoin. In total, at the moment, «Real Bedford» holds 82.7 BTC amounting to $5.6 million at the current exchange rate. Out of this amount, $1 million is reserved to cover the club’s current expenses, while the remaining $4.6 million is planned to be used to achieve long-term goals.
Long-Term Goals and Partnership with Winklevoss Brothers
McCormack stated that the main long-term goal is for the club to win the first division of the Southern League. «Real Bedford» recently moved up to this division after a successful performance in the Spartan Football League of the South Midland in the 2023/2024 season. He believes that investments in cryptocurrency will help the team achieve its ambitious goals through potential profits from the rise in the price of Bitcoin.
In April 2024, the Winklevoss brothers, founders of the cryptocurrency exchange Gemini, invested $4.5 million in «Real Bedford» and became co-owners of the club. This capital injection likely influenced the club’s decision to purchase bitcoins. The Winklevoss twins have expressed their intention not only to support the club but also to help it break into the English Premier League (EPL). Therefore, investments in cryptocurrency are part of the club’s strategy aimed at increasing its competitiveness and financial well-being.
