Real Bedford FC Acquires Additional $4.5 Million Worth of Bitcoins

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As a seasoned researcher with a strong background in finance and technology, I find the recent news of Real Bedford FC’s decision to invest in Bitcoin for a total of $9.87 million intriguing. Having closely followed the crypto market for years, I have witnessed the growing trend of corporations adding Bitcoin to their treasuries, with MicroStrategy being a notable pioneer in this space.

As Bitcoin‘s price soars near $68,000, Feal Bedford FC, a British football club, disclosed the acquisition of an extra $4.5 million in Bitcoins. This decision aligns with the trend of large corporations incorporating Bitcoin into their financial reserves.

Real Bedford FC Makes Fresh BTC Purchase

On Sunday night, July 21, Bitcoin pioneer and Real Bedford chairman Peter McCormack revealed that the football club had purchased an extra 66.9 Bitcoins for roughly $4.5 million. This equates to around $67,220 per Bitcoin on average.

Using simple and clear language,

Real ₿edford

— Michael Saylor (@saylor) July 22, 2024

In April 2023, the Winklevoss Twins, who run the Gemini exchange, bought a share in a British soccer team by spending approximately $4.5 million in Bitcoin. As a result, they became joint owners, sharing this position with Peter McCormack.

Bitcoin Corporations Continue Bitcoin Acquisition

The global trend for leading corporations is to expand their Bitcoin investments by purchasing more for their treasuries. Japan’s MicroStrategy and Metaplanet are following this path, having recently bought an additional 20.38 Bitcoins from MicroStrategy, taking its total to over 104 Bitcoins.)

*Metaplanet purchases additional 20.38 $BTC*
— Metaplanet Inc. (@Metaplanet_JP) July 22, 2024

As a crypto investor, I’ve noticed an intriguing trend among publicly traded Asian companies. Metaplanet’s Bitcoin strategy seems to be gaining traction, with Boyaa, a Hong Kong-listed firm, being the latest to jump on board. According to recent reports, they’re planning to allocate an additional $100 million to buy bitcoins for their Treasury.

Exciting developments ahead of The Bitcoin Conference week! I’m thrilled to announce that Boyaa, a publicly-traded company on the Hong Kong Stock Exchange, has joined forces with UTXO as an investor in their Bitcoin Ecosystem Fund. In strengthening its ties to the Bitcoin community, Boyaa is also increasing its bitcoin holdings by purchasing an extra $100 million worth of BTC for its corporate treasury.
— John Riggins (@thebitcoinconf) (@DistRiggs) July 20, 2024

The price of Bitcoin has remained robust, defying selling pressure stemming from the Mt. Gox redistribution. With increased corporate involvement, Bitcoin could potentially experience further growth. Great anticipation surrounds the upcoming Bitcoin 2024 Conference.

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2024-07-22 07:00