Real Bedford FC (RBFC), a non-league football club in the United Kingdom that Winklevoss funds, has acquired a substantial amount of Bitcoin.
Peter McCormack, the club’s founder and a prominent crypto podcaster, disclosed that RBFC has acquired Bitcoin valued at $4.5 million.
RBFC currently possesses 82.7 Bitcoins, valued at $5.37 million and acquired at an average price of $64,925 per Bitcoin.
McCormack’s vision of utilizing digital assets to fuel the club’s ambitious ascent through the footballing divisions is consistent with this strategic investment.
Supporting the Underdog Team in Football
In 2021, McCormack acquired Real Bedford in Bedford, United Kingdom. McCormack desires to elevate the organization to the football league, which requires significant financial support and innovative strategies.
His cryptocurrency expertise and extensive network within the crypto community, including backing from Winklevoss Capital, establish a robust foundation for this endeavor.
McCormack stated that 15.8 Bitcoin is designated for football-related expenditures, while the remaining balance is securely stored in the club’s treasury.
Winklevoss Capital, an investment firm established by twin brothers Cameron and Tyler Winklevoss, invested $4.5 million in RBFC in April.
Following the investment, McCormack and both Winklevoss brothers are co-owners of RBFC.
Football Teams Supported by Crypto Firms
Many football clubs have received investments or sponsorships from crypto companies or individuals.
Coingaming Group, a crypto sports betting platform, has inked a sponsorship agreement with Southampton Football Club.
Paris Saint-Germain has partnered with Socios.com, a blockchain-based platform for supporter engagement. This partnership enables fans to engage with the club through “Fan Tokens.”
FC Bayern Munich has established a multi-year partnership with Austrian firm Bitpanda, further strengthening its position in the crypto space.
AC Milan collaborated with BitMex, a cryptocurrency exchange. Watford FC has a sponsorship agreement with Stake.com, a cryptocurrency sports wagering platform.
A significant milestone in integrating sports and cryptocurrency is the procurement of $4.5 million in Bitcoin by Real Bedford FC.
