Abstract: A collapsible beverage holder for a beverage container is formed from a substantially rigid paperboard sheet having a rectangular body portion having opposite lateral side edges. The rectangular body portion is provided with several longitudinal creases which divide the rectangular body portion into panels so that the panels can be folded relative to each other. By joining the lateral ends of the body portion together, a sleeve can be formed from the rectangular body portion. A bottom portion is provided with the beverage holder by providing an extended portion of the paperboard sheet which extends from a lower end of the rectangular body portion. The bottom portion is provided with a transverse crease dividing the bottom portion into rigid sections which are foldable relative to each other along the transverse crease. The bottom portion has a free end which is joined to a lower edge of the sleeve.