Winklevoss-backed soccer club Real Bedford adopts Michael Saylor’s Bitcoin philosophy and raises 82.7 BTC

A football team bought by a podcaster Peter McCormack has to his Bitcoin BTC/USD Investments months after announcement Cameron and Tyler Winklevoss entered as investors.

Here is the latest information about Bitcoin Football Club.

What happened: Real Bedford is an English football team aiming to be promoted to the English Premier League, and one of the few sports teams in the world to have Bitcoin as part of its assets.

The team’s chairman, Peter McCormack, recently announced that the team had increased its Bitcoin holdings.

“Real Bedford acquired 66.9 BTC for $4,500,420.69 at an average price of ~$67,220 per #Bitcoin. As of today, @realbedford holds 82.7 $BTC acquired for ~$5.3M at an average price of ~$64,925 per Bitcoin,” McCormack tweeted.

The pro-Bitcoin podcaster said 15.8 BTC would be kept in circulation for “football matters” and the rest would be in the team’s coffers to support “the club’s long-term ambitions.”

McCormack’s contribution received praise from MicroStrategy Inc MSTR Chairman of the Board Michael Saylorwho is known for buying Bitcoins with the software company’s excess cash, making him one of the largest Bitcoin owners.

Also read: EXCLUSIVE: Michael Saylor’s MicroStrategy is married to Bitcoin: “Everything else in the world is inferior”

Why it is important: McCormack shared a post from Saylor showing that from the date of MicroStrategy’s Bitcoin purchase through July 19, 2024, Bitcoin outperformed other asset classes such as the S&P 500, gold, the Nasdaq, silver, and bonds.

“Football still doesn’t get it,” McCormack tweeted along with Saylor’s chart.

Benzinga recently shared that Saylor also pointed out to X that MicroStrategy’s shares have outperformed Nvidia’s since the company began buying Bitcoin.

“To outperform $NVDA, get into #Bitcoin Standard,” Saylor tweeted with the chart showing returns of MSTR, NVDA and several other widely followed tech stocks.

McCormack said the 82.7 bitcoins purchased for $5.37 million are currently worth $5.57 million.

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