The Winklevoss brothers have allocated $4.5 million worth of Bitcoin (BTC) towards purchasing shares in Real Bedford Football Club (RBFC). Consequently, they now share ownership with Peter McCormack.
Bedford FC Eyes Premier League Ascension With Bitcoin Injection
The Winklevoss trio, led by Cameron Winklevoss, aims to establish the first football club with Bitcoin serving as its primary source of financing.
Based on Gemini’s announcement, the $4.5 million investment is the largest ever given to a UK football club that isn’t part of the professional leagues. Cameron, Tyler, and Peter all share a strong passion for Bitcoin. Notably, Peter runs the popular podcast “What Bitcoin Did.”
The three of them are optimistic that Bitcoin will significantly boost RBFC’s efforts to join the Premier League. Additionally, this investment highlights Gemini’s lengthy partnership with RBFC; they have been the club’s sponsor since 2022.
Today, Tyler and I are thrilled to disclose that Winklevoss Capital has invested $4.5 million in Real Bedford. As a result, they will now jointly own the football club with Peter McCormack. This marks the establishment of the world’s first bitcoin-powered football club. We chose to invest for several reasons:
Peter…
— Cameron Winklevoss (@cameron) April 12, 2024
Following the recent advancement, we’ll set up a Bitcoin savings account, referred to as a “Bitcoin treasury,” to support the club’s future goals. Additionally, a new training facility and football academy will be initiated to cultivate local talents.
An alliance formed will additionally enhance ongoing commitment to girls’ and young people’s football. Furthermore, Bedford FC’s hardship fund will witness a boost in financing, ensuring economically disadvantaged children in Bedford can still participate in football activities.
Crypto Founders Diversifying Investments
The significant investment made by the Winklevoss brothers in Bitcoin not only highlights its growing usage and acceptance but also reflects a trend towards more diverse investments among cryptocurrency pioneers.
Tyler and Cameron are currently exploring the sports industry, just as Singaporean crypto company BingX did in January by securing a sponsorship deal with Chelsea Football Club. As a result, the team’s jerseys displayed the BingX logo on their sleeves for the remainder of the season.
Many cryptocurrency companies are now exploring the use of Artificial Intelligence (AI). For instance, Flare Network is working on adding AI to its blockchain network, aiming to create a collaborative AI environment for various applications.
Soon, the crypto field may witness an increase in entrepreneurs and businesses expanding into unrelated areas outside of finance.
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2024-04-13 00:24