Barstool Sports founder: If Bitcoin falls to $40,000, the company will buy up to $10 million

Odaily News Dave Portnoy, founder of media giant Barstool Sports, said in a post on X that if Bitcoin falls further to $40,000, Barstools funds will be used to buy $5 million to $10 million worth of Bitcoin, but not at $60,000. Portnoy added that he already owns a large amount of Bitcoin, so it should not be confused with corporate behavior.