If You Bought $1K in Dogecoin When Mark Cuban’s Mavericks Got In, Here’s How Much You’d Have Now

Dogecoin (DOGE) is a peer-to-peer, open-source cryptocurrency. It’s considered an altcoin and was launched in December 2013 with the image of a Shiba Inu dog named Kabosu as its logo. It was originally established in 2013 by creators Jackson Palmer and Billy Markus.

While many people have not jumped on the crypto bandwagon yet, billionaire Mark Cuban has. The “Shark Tank” star and the owner of the Dallas Mavericks, has a real-time net worth of about $5.7 billion as of October 9, 2024, according to Forbes.

Dallas Mavericks Started Accepting DOGE Back in 2021

Cuban decided to start accepting DOGE as a form of payment for Dallas Mavericks merchandise and tickets.

“The Mavericks have decided to accept Dogecoin as payment for Mavs tickets and merchandise for one very important, earth-shattering reason, because we can! … We have chosen to do so because sometimes in business you have to do things that are fun, engaging, and hopefully generate a lot of PR. So we will take Dogecoin, today, tomorrow, and possibly forever more …,” said Cuban.

Benzinga explained that the Mavericks saw $122,000 in Dogecoin sales over its first month and the team even set multiple 24-hour records with strong demand for using the meme coin towards merchandise.