Mark Cuban, the owner of the Dallas Mavericks and co-host of the Shark Tank TV show, has tweeted that his Dogecoin holdings are insignificant.
With “less than $15,000 in DOGE,”
During a Twitter conversation about DOGE, Cuban revealed that the balance of his personal Dogecoin wallet and that of the Mavericks team (whose online shop accepts DOGE to sell merchandise and tickets to their games) is less than $15,000 worth of the meme cryptocurrency.
One of the discussion participants pointed out that this is only a small portion of the billionaire’s $4.4 billion net worth, which is held in cryptocurrency.
Earlier, we reported that Cuban’s 11-year-old son Jake owns Dogecoin as well. According to a tweet from Cuban in mid-May, he and his son jointly own nearly 3,300 DOGE.
Cuban also mentioned that DOGE is a good way for his son, in particular, to learn about investing.
Last year, and before that, the owner of the Dallas Mavericks was a crypto hater, frequently slamming Bitcoin (and other cryptos), saying that he’d rather have bananas because they’re edible and Bitcoin isn’t. He said the same thing on Anthony Pompliano’s Bitcoin podcast last year.
However, the billionaire’s position has shifted, and he now refers to Bitcoin as a store of value and DOGE as the best crypto that can be used as an actual currency.
And between the Mavs and my personal account, its let than $15k in DOGE— Mark Cuban (@mcuban) August 15, 2021
DOGE is the payment method of choice for 95% of Cuban’s customers.
Cuban was also involved in a discussion about Dogecoin on Sunday. He then tweeted that he does not shill DOGE (in response to a rebuke), but that, unlike Bitcoin, DOGE is a currency and “the people’s way to pay.”
He claims that 95 percent of his company’s customers prefer to pay in Dogecoin for the goods and services they receive.
DOGE, the seventh largest cryptocurrency, is currently trading at $0.3408, according to CoinMarketCap, representing a 13.42 percent increase in the last 24 hours.
Elon Musk, the billionaire and CEO of Tesla and SpaceX, is another strong supporter of DOGE who also owns it, though Musk has never disclosed the size of his personal holdings.
He recently agreed with Cuban that the meme cryptocurrency is the “strongest” cryptocurrency in terms of payments.
Musk’s son Lil X, who was born last year from his girlfriend (Canadian musician and singer Grimes), also owns DOGE. In February of this year, Musk purchased some coins for him, referring to him as the “little toddle-hodler.”