NEWS
Bitcoin Billionaires Invest $4.5 Million in Real Bedford FC through Winklevoss Capital

2024-04-15 14:07:24
by Sam Enrico Williams
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Real Bedford FC, a non-league football club, has secured a significant investment of $4.5 million (approximately £3.6 million) in Bitcoin from Winklevoss Capital, managed by Cameron and Tyler Winklevoss, founders of the cryptocurrency exchange Gemini.

In 2021, podcaster Peter McCormack acquired the club, which competes in the ninth tier of English football. McCormack's ambition is to elevate Real Bedford to the Premier League. With this new investment, the Winklevoss twins will join him as co-owners of the club.

Background on the Investors

Cameron and Tyler Winklevoss are prominent figures in the cryptocurrency world, known as early Bitcoin billionaires and the founders of the Gemini crypto exchange. Their past includes a well-documented legal battle with Facebook founder Mark Zuckerberg, culminating in a $20 million (£16 million) settlement in cash and shares.

The twins continue to be influential in the cryptocurrency sector despite facing challenges. This year, they navigated legal issues requiring them to return over $1 billion (£800 million) to customers and to pay fines related to regulatory breaches in their crypto exchange business.

Cryptocurrency and Sports: A Growing Trend

This investment in Real Bedford FC by the Winklevoss twins highlights the increasing intersection of cryptocurrency with other sectors, including sports. The involvement of high-profile cryptocurrency investors in sports indicates a broader acceptance and integration of digital currencies into mainstream activities.

As Bitcoin reaches new highs, the timing of this investment could signal a positive trend for the club's financial stability and growth prospects.

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