Real Bedford FC Adds 66.9 BTC to Its Holdings, Bringing Total to 82.7 BTC

Operating as an English soccer team trying to reach the English Premier League, Real Bedford is one of the few sporting teams from around the world that have Bitcoin as part of its treasury.

Real Bedford, an English soccer team, has announced the addition of Bitcoin to its treasury, further solidifying its commitment to the digital asset.

The team, which is aiming to reach the English Premier League, had previously announced the involvement of Cameron and Tyler Winklevoss as investors.

Here are the latest updates on the Bitcoin soccer club.

The soccer team is among the few sporting organizations worldwide that hold Bitcoin in their treasury, a move that has attracted attention from Benzinga and other publications.

Operating as an English soccer team, Real Bedford is striving to reach the English Premier League. In line with this goal, the team has made several notable announcements, including the addition of Bitcoin to its treasury.

The team's Chairman Peter McCormack took to Twitter to announce the latest development.

"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 ~$5.3m @ avg price of ~$64,925 per bitcoin," McCormack's tweet reads.

McCormack further elaborated on the team's Bitcoin holdings, revealing that 15.8 BTC is allocated for "football matters," while the remaining amount is held in the team's treasury to support "the club's long-term ambitions."

The announcement also drew a response from MicroStrategy (NASDAQ:MSTR) Executive Chairman Michael Saylor, who is renowned for purchasing Bitcoin with the software company's excess cash. Saylor has become one of the largest Bitcoin holders among public companies.

Benzinga highlighted in a recent report that Saylor shared a post showcasing Bitcoin's outperformance compared to other asset classes, including the S&P 500, gold, Nasdaq, silver and bonds from the date MicroStrategy purchased Bitcoin through July 19, 2024.

"Football still doesn't understand this," McCormack wrote in his tweet, attaching Saylor's chart.

Previously, Benzinga reported that Saylor took to Twitter to highlight another interesting comparison, showing MicroStrategy shares outperforming Nvidia (NASDAQ:NVDA) since the company started buying Bitcoin.

"To outperform $NVDA – get on the #Bitcoin Standard," Saylor's tweet reads, displaying a chart comparing the returns of MSTR, NVDA and several other widely followed technology stocks.

McCormack also pointed out that the 82.7 Bitcoin, which were purchased for $5.37 million, are currently valued at $5.57 million.

Don't Miss Benzinga's Coverage on Real Bedford Soccer Club:

Real Bedford, Soccer Team Backed by Podcaster Peter McCormack, Adds to Bitcoin Holdings

Cameron and Tyler Winklevoss Join Soccer Team Real Bedford as Investors, Aiming for English Premier League

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