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February 23, 2022

Drake Gives $300,000 in Bitcoin to Kodak Black

Bill Kahan Kapri, better known by his stage name Kodak Black, just said that he got $300,000 in bitcoin as a gift from another rapper, Drake, who is also the creator of OVO Sound.

During his most recent visit to The Breakfast Club, a New York-based syndicated radio show hosted by DJ Envy, Angela Yee, and Charlamagne Tha God, Kodak Black revealed the facts of the 6.6 BTC gift he got.

Charlamagne Tha God asked Kodak about his friendship with the OVO Sound founder while chatting about some of his personal experiences.

Kodak described the circumstances behind the gift.

“We do a lot of behind-the-scenes talking and s**t. I ain’t tell nobody but the other week that n***a sent me bitch a quarter-million dollars for no f***ing reason. I don’t even know. Me and my brother Lance, we in the car and s**t. This n***a text me like ‘You got bitcoin?’ I was like ‘nah.’ He was like, ‘Set up a bitcoin then.’ So you know, I’m like, ok, I’m putting two and two together, that’s four, you know what I’m sayin’?”

In regards to the bitcoin in his wallet, Kodak stated that he had no plans to sell the assets. Instead, the American rapper intends to keep the 6.6 BTC present, which is currently valued roughly $254,000, for at least a time.

Celebrities have recently expressed interest in the crypto community. Drake, who gave the bitcoins to Kodak Black, just won more than $1 million in Super Bowl bitcoin wagers. Aubrey Drake Graham, the rapper’s full name, is also a singer and actress.

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Drake used his Bitcoin holdings to place three significant bets, including one on the Los Angeles Rams to win the Super Bowl LVI finals versus the Cincinnati Bengals. He was able to win more than a million dollars in bitcoin with the three bets.

Recently, Twitter CEO Jack Dorsey also teamed up with American rappers Michael Carter (a.k.a. Lil Wayne) and Shawn Carter (a.k.a. Jay-Z) to donate 500 bitcoins to a bitcoin development trust, which was valued roughly $23.7 million at the time.