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Drake Donates $1 Million in Bitcoin to LeBron James Family Foundation

Chayanika Deka Mar 24, 2022 12:25
The Canadian rapper made a generous donation of $1m in Bitcoin to the LeBron James Family Foundation after a significant victory on the crypto betting site, Stake. 

Drake made a generous donation of $1 million in Bitcoin to the LeBron James Family Foundation.

  • After a significant victory in an online roulette game on the crypto betting site Stake, the Canadian rapper Aubrey Drake Graham, popularly known as Drake, announced donating $1 million in Bitcoin to a charity organization.
  • The Lebron James Family Foundation is focused on helping underprivileged students combined with diverse initiatives and support programs. The website states,

“Speaking of memorable nights, I had an incredible night last night playing roulette on Stake.com. It was my biggest hit ever. As you can see, I was clearly excited. Any time I get blessed like that, I always think it’s luck that needs to be transferred, or it’s good karma that needs to be transferred. I play for fun and I play in the hope that I can spread love, always.”

  • Drake announced a partnership with Stake earlier this month during with intentions to play for real money on the betting site that he planned to give away.
  • Last month, the recording artist made a bet worth $1.26 million in Bitcoin via Stake on Sunday’s Super Bowl Game between the Los Angeles Rams (LA Rams) and the Cincinnati Bengals. As per reports, Drake placed a Bitcoin bet of $472,476 for the LA Rams’ win in addition to his backing of footballer Odell Beckham Jr on whom he bet $393,825.
  • The LA team won by 20-30 and despite Odell Beckham Jr. leaving the game with an injury, Drake managed to cash in a profit of $300,000 worth of Bitcoin from his SuperBowl predictions.
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Chayanika Deka

Chayanika has been working as financial journalist for five years. A graduate in Political Science and Journalism, her interest lies in regulatory implications with a focus on technological evolution in the crypto realm. Contact:Linkedin

Tags: Bitcoin