English football club Real Bedford FC acquires $4.5 million in Bitcoin, praised for forward-thinking strategy.

From Investing.com

July 22, 2024 12:00:24 PM:

Real Bedford FC, a UK nonleague football club, grabs attention with a $4.5 million Bitcoin purchase. Founder Peter McCormack acquires 66.9 BTC for $4,500,420.69, around $67,220 per Bitcoin. The club, backed by Winklevoss Capital, aims to reach the Premier League, holding 82.7 BTC in treasury at an average of $64,925 per Bitcoin.

Michael Saylor and Hunter Horsley praise Real Bedford FC’s Bitcoin investment strategy. With Bitcoin’s recent surge, the club stands out as a forward-thinking entity in football. Funds from the investment will enhance facilities and community initiatives, ensuring growth and sustainability for the club.

Read more at Investing.com: English Football Club Acquires $4.5 Million in Bitcoin (BTC) By U.Today