Abstract: The combination beverage holder with bottle opener is an insulated beverage holder for use with cold drinking containers, and has a substantially hollow body open at its top and a beverage support wall at its bottom. A bottle opener is attached to the bottom wall or to a rigid support attached to the bottom wall and proximate sidewalls of the beverage holder. A plurality of straps having extensions with hook and loop attachment fasteners are attached around the substantially hollow body for cinching the beverage holder snugly to the beverage container and for attaching the beverage holder to a post or other support.