Barstool Sports founder Dave Portnoy purchased $1 million worth of XRP on Monday, along with $750,000 in Bitcoin and $400,000 in Ethereum, for a total investment exceeding $2 million.
He announced the move in a video to his 3.7 million followers on X, describing himself as a shark taking advantage of the market dip: “So in total, last night, a million dollars of XRP, 400 ETH, 750 of BTC. Blood in the streets.”
Bitcoin traded under $90,000 for the first time since April, while Ethereum slipped below $3,000 and XRP traded around $2.1.
Portnoy characterized the move as a sweet re-entry after previously selling XRP at $2.4 before it surged to $3.6, a rally that pushed XRP’s market cap above $200 billion at the time.
Portnoy reiterated that he is in hold mode, saying: “A little dip in the market. I’ve been hold, hold, hold, Braveheart, hold, hold, hold.”

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