Key Takeaways
- Dave Portnoy stacked XRP, Bitcoin, and Ethereum during Monday’s market dip.
- In July, Portnoy sold his XRP at $2.4 just before a 50% increase in its value, prompted by advice regarding competition from Circle.
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Barstool Sports founder Dave Portnoy purchased $1 million worth of XRP on Monday, along with $750,000 in Bitcoin and $400,000 in Ethereum. The total investment exceeded $2 million.
“So in total, last night, a million dollars of XRP, 400 ETH, 750 of BTC. Blood in the streets,” Portnoy shared in a video to his 3.7 million followers on X. He called himself a shark taking advantage of the market dip.
The crypto market faced a sharp decline on Monday as Bitcoin sank under $90,000 for the first time since April. Ethereum dipped below $3,000 while XRP fell to $2.1.
For Portnoy, this round was clearly a sweeter re-entry. The millionaire confessed he bailed at $2.4 right before XRP blasted to $3.6. The rally pushed the token past a $200 billion market cap at the time.
Portnoy insisted he’s in hold mode.
“A little dip in the market. I’ve been hold, hold, hold, Braveheart, hold, hold, hold,” he said.