Dave Portnoy Says He’s Like A ‘Great White Shark’ When There’s Blood In The Streets, Reveals $2 Million Worth Of Crypto Purchases

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• Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
• Dave Portnoy, the founder of Barstool Sports, revealed on Tuesday a $2 million investment in cryptocurrencies, including Bitcoin (CRYPTO: BTC), capitalizing on the ongoing.
• In a video posted on X, Portnoy said he bought nearly $1 million in XRP (CRYPTO: XRP), $750,000 in Bitcoin, and $400,000 in Ethereum (CRYPTO: ETH), totaling more than $2.

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.

Dave Portnoy, the founder of Barstool Sports, revealed on Tuesday a $2 million investment in cryptocurrencies, including Bitcoin (CRYPTO: BTC), capitalizing on the ongoing market downturn.

In a video posted on X, Portnoy said he bought nearly $1 million in XRP (CRYPTO: XRP), $750,000 in Bitcoin, and $400,000 in Ethereum (CRYPTO: ETH), totaling more than $2 million, on Monday.

“When there’s blood in the streets, I’m like a Great White Shark,” Portnoy stated.

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Portnoy has been very candid about his cryptocurrency investments. Earlier in july, he expressed regret over selling his XRP tokens before they hit new 7-year highs, missing out on potential millions.

In December 2024, Portnoy disclosed that he owned $1.5 million worth of Bitcoin. Assuming he hasn’t sold any since, his latest purchase has brought his total holdings up to $2.25 million.

The investment came alongside a sharp correction in the market, with Bitcoin (CRYPTO: BTC), the world’s largest cryptocurrency, sinking below $90,000 for the first time in nearly seven months. The Monday wipeout erased all of Bitcoin’s gains in 2025.

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However, the struggles weren’t limited to Bitcoin. Major tokens, such as ETH and XRP, also struggled, shedding 9.08% and 7.52% respectively, over the last week.

Portnoy has been very candid about his cryptocurrency investments. Earlier in july, he expressed regret over selling his XRP tokens before they hit new 7-year highs, missing out on potential millions.

In December 2024, Portnoy disclosed that he owned $1.5 million worth of Bitcoin. Assuming he hasn’t sold any since, his latest purchase has brought his total holdings up to $2.25 million.

Photo Courtesy: Alexandru Nika on Shutterstock.com

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This article Dave Portnoy Says He’s Like A ‘Great White Shark’ When There’s Blood In The Streets, Reveals $2 Million Worth Of Crypto Purchases originally appeared on Benzinga.com

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