Abstract: A portable beverage carrier adapted for mounting on a horizontal top frame tube of a bicycle includes a pair of insulated receptacles, each dimensioned to receive one or a plurality of standard beverage containers. The insulated receptacles each include a zipper fastened cover. The covers and receptacles are each formed from a fabric material lined with a gel refrigerant encapsulated within a water proof liner. An elongated strap has opposite ends secured to each of the receptacles and first cooperating hook and loop fasteners are provided for securing the strap to a bicycle top frame tube. Second cooperating hook and loop fasteners are provided on facing portions of the opposite ends of the strap for securing the strap around the top bicycle frame tube. The portable beverage carrier allows soft drinks and fruit juices to be carried at an accessible central location near the center of gravity of a bicycle.