The Winklevoss brothers-backed non-league soccer club Real Bedford FC (RBFC), based in the UK, has made a significant Bitcoin acquisition. Peter McCormack, the club’s founder and prominent cryptocurrency podcaster, revealed that RBFC has acquired $4.5 million worth of Bitcoins.
RBFC currently holds 82.7 Bitcoins worth $5.37 million, purchased at an average price of $64,925 per Bitcoin. This strategic investment is in line with McCormack’s vision of using digital assets to support the club’s ambitious climb up the soccer rankings.
Real Bedford, based in Bedford , UK, was acquired by McCormack in 2021. McCormack is showing ambitions to bring it into the soccer league, which requires significant financial support and innovative strategies.
His experience in cryptocurrencies and his network in the crypto community, including support from Winklevoss Capital, provide a strong foundation for this mission. McCormack said 15.8 Bitcoin is earmarked for soccer-related expenses, with the remainder safely stored in the club’s vault.
In April, Winklevoss Capital, an investment firm founded by twin brothers Cameron and Tyler Winklevoss, invested $4.5 million in RBFC. Following the investment, both Winklevoss brothers are co-owners of RBFC alongside McCormack.
Football teams backed by crypto companies
Over the years, an increasing number of soccer clubs have received investment or sponsorship from cryptocurrency companies or individuals. Southampton Football Club has signed a sponsorship deal with Coingaming Group, a cryptosport betting platform.
Paris Saint-Germain has partnered with Socios.com, a blockchain-based fan engagement platform that allows fans to interact with the club through digital tokens called “Fan Tokens.”
FC Bayern Munich strengthened its presence in the cryptocurrency space by signing a multi-year partnership with Austrian company Bitpanda. AC Milan has entered into a partnership with cryptocurrency exchange BitMex. Watford FC has a sponsorship deal with Stake.com, a sports betting platform that supports cryptocurrencies.
Real Bedford FC’s acquisition of $4.5 million in Bitcoins thus marks a significant milestone in the fusion of sports and cryptocurrencies.
