Ferrocenes, which are typically air‐stable outer‐sphere single‐electron transfer reagents, were found to react with dioxygen in the presence of B(C6F5)3, a Lewis acid unreactive to O2, to generate bis(borane) peroxide. Although several Group 13 peroxides have been reported, boron‐supported peroxides are rare, with no structurally characterized examples of the BO2B moiety. The synthesis of a bis(borane)‐supported peroxide anion and its structural and electrochemical characterization are described.