Canadian rapper Aubrey Drake Graham, better known as Drake, won $1.26 million worth of Bitcoin BTC/USD after the Kansas City Chiefs won Super Bowl LVII against Philadelphia Eagles on Monday.
What Happened: Drake made a bet on the Kansas City Chiefs, wagering $700,000 worth of BTC. His investment paid off, resulting in a win of $777,000 in BTC.
See More: Top Indian Apps That Give Bitcoin, NFT Rewards
Drake placed a second bet, staking $50,000 worth BTC on Patrick Mahomes scoring a touchdown – a prediction that earned Drake $700,000.
He doubled down later in the game, putting $215,000 in BTC on predictions that JuJu Smith-Schuster will score a touchdown, Kansas City Chiefs will win both halves and each quarter, and Travis Kelce will become MVP. Although those bets turned out unsuccessful, his total profit reached $1.2 million.
Meanwhile, fans watching Super Bowl LVII were not exposed to any advertising campaigns from crypto companies.
Price Action: BTC was trading at $21,735 down 0.26% in the last 24 hours, according to Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
