Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

Mark Cuban Says He Owns Less Than $500 Worth Of Dogecoin

Mark Cuban Says He Owns Less Than $500 Worth Of Dogecoin

Mark Cuban, a billionaire investor and owner of the Dallas Mavericks, baffled the crypto Twitter with claims that he holds less than $500 worth of Dogecoin.

Cuban has been a vocal proponent and supporter of the popular meme token. Many were naturally assuming that he is a DOGE whale.

But, regardless of “propping up” Dogecoin, most famously by accepting DOGE as payment for Mavs tickets and merch, his personal DOGE holdings make up just a tiny proportion of his overall net worth. Which, according to Forbes, currently comes in at $4.4 billion.

Cuban Claims He Owns Less Than $500 Worth Dogecoin

The surprising revelation came about during a Twitter thread where Cuban discussed the viability of investing in Dogecoin.

Replying to actor Joel Heyman, best known for his role in the science fiction series Red vs. Blue, Cuban said investing in DOGE makes you part of a fun community. He also took the opportunity to hit out at Bitcoin maxis in the same tweet.

“Joel. that applies to everything. Supply and demand is undefeated. But with DOGE you can spend $1 to own 333 DOGE and have fun as part of a fun community. The BTC maxis experience and do the same thing. They just have a different kind of fun. They like to yell at people.”

At the time, the DOGE price was around $0.33, it’s likely Cuban made a typo by omitting the decimal point in “333 DOGE,” intending to write 3.33.

A Twitter user by the handle @Sacamonnai dived in by asking Cuban whether he holds more BTC or DOGE. Cuban then responded by dropping the unexpected bombshell that he personally holds less than $500 in Dogecoin.

Reaction From The Community
The community response to this disclosure encompasses the full spectrum of emotions. But overall, there is a general sense of shock at the claim.

One user pointed out the paradox of pushing the Dogecoin narrative while having virtually zero exposure. This, he added, is even more unbelievable considering both Cuban, and fellow billionaire Dogecoin supporter Elon Musk, have a loyal, and arguably impressionable, following.

“Hahahahahahhahaha. There’s people that put a large percentage of their life savings into doge because of people like you and Elon and then you come out and say you owe 400 bucks worth lmao what a world.”


Another user implied Cuban had understated his holdings as a strategy to keep the SEC from prying into his personal affairs. In any case, it isn’t a big deal considering Cuban’s status and wealth means he doesn’t act per the behaviors of everyday people.

Some speculate Elon Musk has (so far) escaped SEC investigation over his infamous market-moving Dogecoin tweets because the organization never paid him.

Being paid to promote a cryptocurrency has vastly different connotations versus someone who (seemingly) has no direct financial motivation to do so.

Musk admits holding dogecoin. How much, is yet undisclosed.

Source: Mark Cuban Says He Owns Less Than $500 Worth Of Dogecoin – Fintechs.fi

AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
Satirical Sketch Sparks Political Spouse Feud in South Korea
Indonesia Quarry Collapse Leaves Multiple Dead and Missing
South Korean Election Video Pulled Amid Misogyny Outcry
Asian Economies Shift Away from US Dollar Amid Trade Tensions
Netflix Investigates Allegations of On-Set Mistreatment in K-Drama Production
US Defence Chief Reaffirms Strong Ties with Singapore Amid Regional Tensions
Vietnam Faces Strategic Dilemma Over China's Mekong River Projects
Malaysia's First AI Preacher Sparks Debate on Islamic Principles
Meta and Anduril Collaborate on AI-Driven Military Augmented Reality Systems
Russia's Fossil Fuel Revenues Approach €900 Billion Since Ukraine Invasion
Alcohol Industry Faces Increased Scrutiny Amid Health Concerns
U.S. Goods Imports Plunge Nearly 20% Amid Tariff Disruptions
Italy Faces Population Decline Amid Youth Emigration
Trump Accuses China of Violating Trade Agreement
OpenAI Faces Competition from Cheaper AI Rivals
Foreign Tax Provision in U.S. Budget Bill Alarms Investors
Russia Accuses Serbia of Supplying Arms to Ukraine
Gerry Adams Wins Libel Case Against BBC
EU Central Bank Pushes to Replace US Dollar with Euro as World’s Main Currency
U.S. Health Secretary Ends Select COVID-19 Vaccine Recommendations
Trump Warns Putin Is 'Playing with Fire' Amid Escalating Ukraine Conflict
India and Pakistan Engage Trump-Linked Lobbyists to Influence U.S. Policy
U.S. Halts New Student Visa Interviews Amid Enhanced Security Measures
Trump Administration Cancels $100 Million in Federal Contracts with Harvard
SpaceX Starship Test Flight Ends in Failure, Mars Mission Timeline Uncertain
King Charles Affirms Canadian Sovereignty Amid U.S. Statehood Pressure
EU Majority Demands Hungary Reverse Anti-LGBTQ+ Laws
Top Hotel Picks for 2025 Stays in Budapest Revealed
Iron Maiden Unveils 2025 Tour Setlist in Budapest
Chinese Film Week Opens in Budapest to Promote Cultural Exchange
Budapest Airport Launches Direct Flights to Shymkent
Von der Leyen Denies Urging EU Officials to Skip Budapest Pride
Alcaraz and Sinner Advance with Convincing Wins at Roland Garros
EU Ministers Lack Consensus on Sanctioning Hungary Over Rule of Law
EU Nations Urge Action Against Hungary's Pride Parade Ban
Putin's Helicopter Reportedly Targeted by Ukrainian Drones
U.S. Considers Withdrawing Troops from Europe
Russia Deploys Motorbike Squads in Ukraine Conflict
Critics Accuse European Court of Human Rights of Overreach
Spain Proposes 100% Tax on Non-EU Holiday Home Purchases
German Intelligence Labels AfD as Far-Right Extremist
Geert Wilders Threatens Dutch Coalition Over Migration Policy
Hungary Faces Multiple Challenges Amid EU Tensions and Political Shifts
Denmark Increases Retirement Age to 70, Setting a European Precedent
Any trade deal with US must be based on respect not threats', says EU commissioner
UK Leads in Remote Work Adoption, Averaging 1.8 Days a Week
Thirteen Killed in Russian Attacks Across Ukraine
High-Profile Incidents and Political Developments Dominate Global News
Netanyahu Accuses Western Leaders of 'Emboldening Hamas'
Ukraine and Russia Conduct Largest Prisoner Exchange of the War
×