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Real Bedford FC, an English football club playing in the lower leagues, has taken a decisive step towards realizing its sporting ambitions. The club recently invested several million dollars in bitcoin. A financial strategy aimed at ensuring the club’s long-term stability and sustainability.
A Strategic Bitcoin Purchase by Real Bedford FC
Peter McCormack, President of Real Bedford FC and host of the podcast “What Bitcoin Did,” revealed that the club had acquired 66.9 bitcoin. This investment brings the club’s total holdings to 82.7 BTC, or about 5.37 million dollars.
McCormack specified that the purchase had cost 4,500,420.69 dollars, averaging 67,220 dollars per bitcoin. He also mentioned that the average cost of the bitcoins held by the club is 64,925 dollars per BTC.
Of the 66.9 bitcoins bought, 15.8 BTC, worth about a million dollars, will be kept for current football needs. The rest will strengthen the club’s treasury. McCormack explained that this step is part of a broader plan to ensure the club’s financial stability and sustainability.
Strengthened Ambitions and a Warm Welcome
By betting on bitcoin, McCormack aspires to transform Real Bedford into the first “Bitcoin Club” and reach the elite of English football. This bold project has already allowed the club to climb two tiers in two successive seasons. The crypto community’s reaction to the purchase announcement has been extremely positive. Michael Saylor, a fervent bitcoin supporter, even praised the initiative. In online discussions, a user speculated that the club could become “the most valuable sports team in history within ten years.”
This initiative has also strengthened the club’s ability to attract fans and sponsors from around the world. It has notably contributed to a sustainable revenue model that could help them compete for league titles. “Our decisions to establish ourselves as the Bitcoin team have allowed us to connect with an international market of fans and sponsors,” McCormack stated.
The daring choice of Real Bedford FC to adopt bitcoin as the cornerstone of its financial strategy could prefigure a new trend in sports financial management. While cryptos are known for their volatility, their integration into a structured framework raises questions about the long-term viability of such strategies. Nevertheless, this investment illustrates how crypto assets are gradually integrating into different sectors. They are redefining traditional approaches to finance and marketing in sports.
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Graduated from Sciences Po Toulouse and holder of a blockchain consultant certification issued by Alyra, I joined the Cointribune adventure in 2019. Convinced of the potential of blockchain to transform many sectors of the economy, I committed to raising awareness and informing the general public about this ever-evolving ecosystem. My goal is to enable everyone to better understand blockchain and seize the opportunities it offers. Every day, I strive to provide an objective analysis of the news, decipher market trends, relay the latest technological innovations, and put the economic and societal issues of this ongoing revolution into perspective.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
