Mark Cuban, an American billionaire and one of Dogecoin’s most ardent supporters, revealed on social media that he only owns $494 worth of the meme-inspired cryptocurrency.
Cuban announced on August 15 in response to a Twitter user’s question about whether he owns more Dogecoin or Bitcoin. Cuban responded by saying that his NBA team, the Dallas Mavericks, accept Dogecoin as a form of payment for items, but that he personally owns $494 worth of the cryptocurrency.
“The Mavs have what we sold in merch. I personally own $494 worth of DOGE,” he tweeted.
Cuban continued his enthusiasm for Dogecoin in a subsequent tweet. Further, describing the virtual currency’s flaws and simplicity as its “biggest strengths.”
“The point about DOGE that people miss is that DOGE’s imperfections and simplicity are its greatest strengths. You can only use it to do 2 things: Spend It or HODL It. Both are easy to understand. And it’s cheap to buy. Which makes it a community anyone can join and enjoy. (sic),” tweeted Cuban, whose net worth is $5.8 billion, according to the Bloomberg Billionaires Index.
The ‘Shark Tank’ star further remarked on Twitter that “between the Mavs and my personal account, its let than $15k in DOGE.”
Dogecoin is gaining traction, according to Cuban, because of its large user base. “In fact, it was the community that was the attraction and let to the Mavs accepting it for transactions,” he said in another tweet.