Billionaire Mark Cuban Makes Important Changes To His Crypto Portfolio

The important billionaire Mark Cuban is making some pretty important changes to his portfolio which are relevant for the crypto fans. Check out the latest reports below.

His Ethereum wallet is offering a glimpse at the Shark Tank investor’s latest crypto portfolio shuffle.

According to Ethereum search engine EtherScan, ETH remains the top asset in Cuban’s wallet, but Circle’s USDC stablecoin has now appeared at the number two spot.

As the online publication the Daily Hodl noted, at the time of writing, there is currently 260,462 USDC in Cuban’s Ethereum wallet. This is more than 54% of the portfolio. USDC was not present in his portfolio up until late last month.

Coming in at number 3 is Ocean Protocol (OCEAN), a decentralized ecosystem for data sharing and associated services.

The crypto bull has 128619.2 OCEAN valued at roughly $64,249, or about 13% of his wallet.

Cuban’s fourth-biggest crypto holding is RARI, the governance token on creator-centric non-fungible token (NFT) platform Rarible. The investor has 6632 RARI valued at $51,132.

Cuban also has a bag of AUDIO. Just in case you don’t know, this is the native token on the decentralized music streaming protocol Audius. The Dallas Mavericks owner has 10000 AUDIO worth about $12,687.45.

Not too long ago, in an interview with Fortune, he was “very bullish” on ETH for the near future.

He also said that the merge, which will take Ethereum from a proof-of-work to a proof-of-stake system, as a key catalyst of growth for ETH.

He also said that as the merge makes mining obsolete, the overall supply of ETH will likely dwindle and support upward pressure.

Cuban predicts that by the time this merge is complete, ETH will be on its way to becoming a deflationary asset.

Regarding the price of ETH today, at the moment of writing this article, ETH is trading in the red and the coin is priced at $2,914.