Mark Cuban Sells Most of His Bitcoin Holdings, Citing Disappointment
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Billionaire Mark Cuban says he sold most of his Bitcoin holdings, claiming the asset has lost its original purpose, which has added to negative sentiment in crypto markets. As of May 22 Bitcoin traded 38% below its October 7, 2025 ATH of $126,198, and heightened geopolitical tensions plus a $6.25B Deribit options expiry on May 29 raise significant volatility and liquidity risk for exchanges, DeFi and DEX venues.
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- Mark Cuban says he has sold most of his Bitcoin holdings because it was not the hedge he expected.
- The price of Bitcoin has been affected by geopolitical tensions, raising fears of a potential fall.
- Deribit options worth $6.25B set to expire May 29 in a major crypto liquidity event.
American businessman Mark Cuban said he has sold most of his Bitcoin holdings, stating in an interview with Front Office Sports that he was disappointed in the pioneer asset. He also claimed that Bitcoin has lost its original purpose.
Since the start of 2026, Bitcoin has underperformed as macro and market pressures have converged. The geopolitical tensions have further supercharged the volatility. As of May 22nd, Bitcoin is trading at 38% below its all-time high of $126,198, reached on October 7, 2025.
Mark Cuban’s Bitcoin Sell-off
In 2026, panic prevailed in the crypto market. …
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