August 16, 2021 | 11:26 am
The owner of the NBA Dallas Mavericks and well-known investor on Wall Street, Mark Cuban, revealed that he owns less than $ 500 worth of dogecoin, despite being one of the biggest proponents of the cryptocurrency.
Cuban considers the Mavericks to be the main dealer in dogecoin in the world, as the basketball team began to accept the token in March as an alternative form of payment to purchase tickets and items.
“The Mavs have what we sell in merchandise (…) I personally own $ 494 in doge,” the billionaire said in a tweet Sunday, in response to a user.
I don’t pump anything other than Mavs merch. BUT, the DOGEsphere is fun. Their memes are great. They have fun. They make fun of themselves. It’s fun to be part of. https://t.co/wi6I49yMnL
– Mark Cuban (@mcuban) August 15, 2021
Cuban’s personal dogecoin position alongside that of the Mavericks amounts to $ 15,000, the businessman noted in response to another account from Twitter, which suggests that the team hasn’t sold many products in exchange for dogecoin.
Earlier this year, Cuban revealed that he and his 11-year-old son had 3,250 dogecoins, which at the time were worth $ 1,700, according to Business Insider. Since then, the cryptocurrency went from 50 to 33 cents, although it accumulates a 7,000% increase so far in 2021.
Recent comments from Cuban suggest that the investor sold some dogecoins that he had in his portfolio or that he does not count his son’s coins in his calculations.
In an interview with CNBC last week, Cuban said that dogecoin is the strongest cryptocurrency as a means of payment, above bitcoin or ether, which are the largest by market value.
The executive who also gained fame as one of the members of the show “Shark Tank” revealed in March that the majority of its cryptocurrency portfolio is focused on bitcoin, followed by ether.
Cuban’s largest holdings are in Amazon, a company in which he owns nearly $ 1 billion in shares, in addition to the trading platform. streaming Netflix.