Non-League Football Club Real Bedford Makes Headlines With a Major Bitcoin Purchase
Real Bedford FC has made headlines with a major Bitcoin purchase, acquiring an additional $4.5 million worth of BTC as the cryptocurrency trades around $68,000.
Non-league football club Real Bedford FC has made another major Bitcoin (BTC) purchase, adding an additional $4.5 million worth of the leading cryptocurrency to its balance sheet.
The club, which is chaired by prominent Bitcoin advocate Peter McCormack, now holds a total of over 82.7 BTC, with an average price of approximately $64,925 per Bitcoin. Of the total holdings, 15.8 BTC will be reserved for football-related expenses, while the rest will go to the club’s Treasury.
This latest purchase by Real Bedford FC underscores their innovative approach to financial management and highlights the growing trend of corporations adding Bitcoin to their treasuries.
The move is also being praised by MicroStrategy Chairman Michael Saylor, who noted that public corporations are increasing their Bitcoin acquisitions.
In related news, Japan’s MicroStrategy, operating under the alias Metaplanet, has continued its weekly tradition of buying Bitcoin every Monday. This week, the company added another 20.38 BTC, bringing its total holdings to over 245 Bitcoins.
The trend of corporations increasing their Bitcoin holdings is also evident in Asia, where Hong Kong-listed Boyaa is reportedly planning to invest an additional $100 million in Bitcoin for its Treasury.
Despite the Mt. Gox redistribution, Bitcoin has shown consistent strength, indicating potential upward gains as more corporations participate. The upcoming Bitcoin 2024 Conference later this week will be a key event to watch.
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