English football club Real Bedford FC, known for its support for Bitcoin, has recently increased its Bitcoin holdings by making additional purchases.
Real Bedford President Peter McCormack, a Bitcoin supporter, announced that his club purchased an additional 66.9 BTC worth $4,500,420.69, an average of $67,220 per Bitcoin.
McCormack stated that with the latest purchase, the club's holdings increased to 82.7 BTC, and these BTCs were purchased for ~$5.37 million at an average price of $64,925.
McCormack added that 15.8 BTC was in circulation for football-related matters, while the rest was kept in the treasury.
Famous Bitcoin bull MicroStrategy founder Michael Saylor appreciated Real Bedford FC's purchase of BTC in his post from his X account.
Real ₿edford 🧡
— Michael Saylor⚡️ (@saylor) July 22, 2024
In April this year, the Winklevoss brothers, owners of the Gemini stock exchange, bought the shares of the English football club by investing $ 4.5 million in Bitcoin, thus becoming co-owners of the club together with Peter McCormack.
*This is not investment advice.
