Real Bedford running the MSTR playbook
562 sats \ 11 comments \ @grayruby 22 Jul Stacker_Sports
Peter McCormack tweeted that his soccer club Real Bedford has acquired 66.9 Bitcoin.
Announcement here:
Gemini founders Cameron and Tyler Winkelvoss recently announced they were investing 4.5M worth of Bitcoin in the club. So it appears that is where this Bitcoin comes from but overall the team hodls 82.7 Bitcoin. Not bad for a 9th tier league team.
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87 sats \ 5 replies \ @Undisciplined 22 Jul
I'm sure the financial rules are different in that league, but you could potentially make a really good return by holding the money owed on players' contracts in bitcoin and paying it out in fiat later.
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42 sats \ 0 replies \ @grayruby OP 22 Jul
Bitcoin in, fiat out is alway a good strategy over the long term.
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50 sats \ 3 replies \ @Satosora 22 Jul
Will they get a percentage of the club?
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20 sats \ 2 replies \ @grayruby OP 22 Jul
Yes they own equity in the club.
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20 sats \ 1 reply \ @Satosora 22 Jul
How much? I remember Ryan Reynolds owns a club, too.
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34 sats \ 0 replies \ @grayruby OP 22 Jul
I don’t believe they said how much equity.
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71 sats \ 1 reply \ @SatsMate 22 Jul
I love to see it. Was nice meeting Pete in El Salvador.
I think as bitcoins price grows, he will eventually be able to invest in more training, better coaches, better equipment and climb to the premier league! I love to see it!
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0 sats \ 0 replies \ @grayruby OP 22 Jul
That’s the plan as far as I understand it.
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50 sats \ 0 replies \ @TheBTCManual 22 Jul
They'll need to stack while they're in the lower leagues, it's going to be expensive once they move up to the higher leagues, hopefully this kitty will appreciate at a rate that gives them the fire power to compete, if there's one niche where wages is stupid crazy outpacing inflation its a pro sports
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50 sats \ 0 replies \ @Satosora 22 Jul
The W twins, they are getting their fingers in everything.
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20 sats \ 0 replies \ @IamSINGLE 22 Jul
This is amazing! Sports must be the first thing to profit from Bitcoin!
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