Barstool Sports founder and social media personality Dave Portnoy revealed that he capitalized on the recent cryptocurrency market decline. Portnoy said he purchased a total of $2 million worth of XRP, Bitcoin, and Ethereum on Monday night.
Portnoy revealed his purchases one by one during a live broadcast, saying, “There was a bloodbath last night, Dave dove in like a piranha.” According to the screenshots Portnoy shared, his purchases are as follows:
- $1 million worth of XRP
- $750,000 worth of Bitcoin (BTC)
- $400,000 worth of Ethereum (ETH)
Portnoy stated that he has long adopted a “HODL” strategy, buying aggressively during declines:
“There was a small dip in the market. I was like Braveheart, saying ‘HODL, HODL.’ I bought $2 million worth of crypto last night.”
Following yesterday's decline, Bitcoin's price continued its decline today, briefly dipping below $90,000. After a partial recovery, it is trading at $93,264 at the time of writing.
*This is not investment advice.
