Gemini

United

Bitcoin

Base

Cameron and Tyler Winklevoss have joined as co-owners of Bitcoin podcaster Peter McCormack’s Real Bedford Football Club (RBFC) after investing $4.5 million worth of Bitcoin (<a href="https://cointelegraph.com/bitcoin-price">BTC</a>) to support the club’s plans.
The Winklevoss twins executed the investment and acquisition through their investment firm, Winklevoss Capital, <a href="https://www.realbedford.com/news/winklevoss-twins-to-invest-45m-into-real-bedford-football-club" target="_blank" rel="noopener nofollow">according</a> to a recent statement.&nbsp;
The funding will be used to establish a Bitcoin treasury for the club, with McCormack telling Cointelegraph the treasury aims to safeguard the club “against long-term fiat debasement.”
“The investment helps with the infrastructure. We need to grow this with our ambitions,” McCormack explained.
<figure data-ct-non-breakable="true">
 <img src="https://s3.cointelegraph.com/uploads/2024-04/7ff8720b-6c3f-41d7-8937-8495a71df8c7.png" alt="" title="">
 <figcaption style="text-align: center;">
 Source: <a href="https://x.com/Gemini/status/1778822935794299298" target="_blank" rel="noopener nofollow">Gemini</a>
 </figcaption>
</figure>
Additionally, the funds will be allocated toward developing a new training center and ongoing support for girls’ and youth football.
In 2021, McCormack acquired RBFC, which is based in his United Kingdom hometown of Bedford, with a population of just under 200,000.
He holds ambitions for RBFC — which accepts Bitcoin for game day tickets, merchandise, sponsorships and beverages — to compete in the English Premier League alongside well-known U.K. clubs like Manchester United and Chelsea.
Related: <a href="https://cointelegraph.com/news/gemini-considered-gemini-merger-before-bankruptcy-barry-silbert">Gemini mulled forming a ‘juggernaut’ with Genesis before it went to smoke</a>
“We are a long way from the Premier League. As exciting as that is our ambition, I work on one league at a time,” McCormack stated.
The Winklevoss twins share McCormack’s vision of bringing RBFC to the top league in the United Kingdom.
“We’re not just investing in a football club, we’re investing in a dream to bring Premier League football to Bedford,” Cameron Winklevoss said.
“We share in Peter’s deep conviction in Bitcoin and its ability to supercharge RBFC’s quest to make it into the Premier League,” Tyler Winklevoss added.
This comes after it was recently reported that the Winklevoss twins donated $4.9 million to the crypto-focused <a href="https://cointelegraph.com/news/winklevoss-twins-donate-millions-crypto-fairshake-super-political-action-committee">Fairshake super political action committee</a>&nbsp;to support crypto-friendly candidates in the upcoming United States elections. 
Magazine: <a href="https://cointelegraph.com/magazine/base-meme-coins-scams-vulnerabilities-honeypot/">1 in 6 new Base meme coins are scams, 91% have vulnerabilities</a>

Winklevoss twins become co-owners of Bitcoin soccer club, inject $4.5M of BTC

Cointelegraph

Other articles published on Apr 13, 2024

KuCoin Notifies Users of Security Breach in Turkey

Leveraged Trading Victim: A Trader Lost a Fortune on This Memecoin in Yesterday’s Crash: “When I ...

What’s Behind Today’s Dramatic Crypto Market Dump?

Coinbase takes SEC to court over ‘Investment Contract’

Legendary Analysts Peter Schiff and Peter Brandt Speak After the Events That Brought Bitcoin (BTC...

Catch Early Crypto Wave: Like Surfing DOGE’s 2021 Surge Momentum

Join our free newsletter for daily crypto updates!