Drake Reveals Crypto Holdings, Compares Friends to Bitcoin's Price Swings

The Grammy-winning artist recently disclosed his cryptocurrency portfolio, which consists of bitcoin, ether, solana, and PAXG. In doing so, this disclosure puts the value of his crypto assets well above CoinDesk’s $1,000 reporting threshold.
Drake’s role in the crypto space goes beyond just owning a few coins. He’s invested heavily in crypto companies, including MoonPay. Today, he is a hardware wallets evangelist, promoting them regularly on social media channels.
The artist has partnered with Stake, an online crypto gambling platform. This partnership is said to be worth the eye-popping sum of $100 million per year. To illustrate his point, he makes big name value-adding wagers with bitcoin on critical sporting events. These Thanksgiving weekend gatherings include Dallas Mavericks games, Edmonton Oilers games, UFC fights and Formula One races. Even with these moves, Drake has allegedly already lost over $1 million in bitcoin on losing wagers.
Drake joked recently that the only thing less stable than his relationships with women was the price of Bitcoin.
“Could be down this week, then I’m up next week.” - Drake
He’s posted a series of videos with that same entrepreneur, MicroStrategy co-founder Michael Saylor, promoting Bitcoin’s ability to “eat” gold.
Drake’s own minted reputation for terrible sports bets is something he’s even taken a second to address, having lightheartedly called himself a “flawed sports bettor.”

Tran Quoc Duy
Blockchain Editor
Tran Quoc Duy offers centrist, well-grounded blockchain analysis, focusing on practical risks and utility in cryptocurrency domains. His analytical depth and subtle humor bring a thoughtful, measured voice to staking and mining topics. In his spare time, he enjoys landscape painting and classic science fiction novels.