Instead, it’s billionaire investor Mark Cuban—his NBA team the Dallas Mavericks is holding onto any Dogecoin that the team's fans spend on tickets and merch. Recently, Cuban revealed that the Mavs had partnered with BitPay to accept Dogecoin for purchases. Last night, Cuban tweeted that the team has seen a spike in DOGE spending, and that it won’t part with the coin at all.
“FYI, the Mavs sales in Dogecoin have increased 550% over the past month,” Cuban tweeted in response to a tweet about the rise in the coin’s price. “We have now sold more than 122k DOGE in merchandise! We will never sell 1 single DOGE ever. So keep buying.”
Granted, 122,000 DOGE only works out to about $15,000 in sales so far—surely a drop in the bucket when it comes to the NBA championship-winning team’s regular merchandise haul. The more interesting detail is that the team plans to hold onto its growing DOGE stash for good, seemingly eyeing potential future gains on the horizon.
FYI, the Mavs sales in @dogecoin have increased 550pct over the past month. We have now sold more than 122k Doge in merchandise !