Founder and CEO of renowned digital media company Barstool Sports Dave Portnoy29.5 for $1.1 million on Friday bitcoin announced his purchase. With this move, the famous CEO has returned to the crypto market, which he has criticized in the past.
Portnoy said in a statement on Twitter, “29 bitcoin I bought it,” he said. Portnoy, each bitcoin He paid an average of $36,924 for (BTC).
Fucked around and bought 29 bitcoins today #Bitcoin pic.twitter.com/DxSwMESqF8
— Dave Portnoy (@stoolpresidente) January 28, 2022
The famous CEO actually has an interesting relationship with the cryptocurrency market. After meeting with Cameron and Tyler Winklevoss, the founders of Gemini exchange, in 2020, Portnoy said: to bitcoin and to Chainlink announced its investment. None of Portnoy’s altcoin investments did well, and he lost $25,000 shortly after investing. After saying that he would “never come back” after this loss, “this [Bitcoin] He stated that he did not trust the market at all”.
After this rapid introduction, it was frequently on the agenda of the crypto money community. In a video last February, “Never bitcoin I do not take. Never never. “I don’t believe anything about it,” he said.
“But I think it’s profitable. I think with enough power it can continue to rise forever, but I’m not buying the trinkets that lie behind it.”
After these exits, Portnoy said that after Tesla announced that he was investing in BTC, all the Dogecoin (DOGE) and announced that he bought one Bitcoin at $ 48,000. The famous CEO seems to have returned to the market with this transaction. Portnoy also invested $40,000 in Safemoon. This investment is currently worth less than $4,000 at current market prices.
It seems that Portney took advantage of the 40% drop after Bitcoin’s peak to get a full return to the market.