Summary
- Barstool Sports founder Dave Portnoy reportedly bought $1 million worth of XRP (XRP).
- Portnoy separately disclosed that he additionally purchased $400,000 of Ethereum (ETH) and $750,000 of Bitcoin (BTC).
- This large repurchase was made at a time of increased XRP price volatility, drawing investors' attention.
Dave Portnoy, founder of the online sports betting platform Barstool Sports, has purchased $1 million worth of XRP (XRP).
On the 18th (local time), according to crypto asset (cryptocurrency) media U.Today, Portnoy, apart from this XRP purchase, additionally bought approximately $400,000 worth of Ethereum (ETH) and $750,000 worth of Bitcoin (BTC).
Portnoy has previously disclosed that, as of December 2024, he held $1.3 million worth of XRP and $1.5 million worth of Bitcoin. He added $1 million worth of XRP earlier this year and reportedly sold some XRP in July.
Portnoy has long openly shown a propensity to invest in crypto assets, and this large-scale repurchase, made at a time of increased XRP price volatility, has attracted market attention.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
!['Easy money is over' as Trump pick triggers turmoil…Bitcoin tumbles too [Bin Nansa’s Wall Street, No Gaps]](https://media.bloomingbit.io/PROD/news/c5552397-3200-4794-a27b-2fabde64d4e2.webp?w=250)
![[Market] Bitcoin falls below $82,000...$320 million liquidated over the past hour](https://media.bloomingbit.io/PROD/news/93660260-0bc7-402a-bf2a-b4a42b9388aa.webp?w=250)
