Russell Okung's Bold Bitcoin Bet: A Potential Multi-Million Dollar Move.
Former Carolina Panthers player Russell Okung turned heads in December 2020 by choosing to receive half of his $13 million salary in Bitcoin—roughly $6.5 million at the time, when Bitcoin was valued at $27,000. Fast forward to today, with Bitcoin surging to $87,803, Okung’s holdings could now be worth over $20.9 million, making his decision look like a financial touchdown.
Even during Bitcoin’s dips in 2021, Okung remained unfazed. He took to Twitter to reaffirm his belief in the cryptocurrency, saying he had no plans to sell. His steadfast confidence has been a hallmark of his Bitcoin journey, though he has kept quiet about any changes to his strategy since then.
For Okung, Bitcoin is more than an investment—it’s a statement. He saw it as a way to "opt out" of what he described as a corrupt and manipulated economic system. In 2021, he even launched the cheeky "Stick to Space, Elon" campaign after Tesla CEO Elon Musk criticized Bitcoin’s environmental impact. Okung argued that Bitcoin represents freedom and that no individual, not even Musk, could undermine its long-term value.
After retiring from football in June 2023, Okung may find his Bitcoin gamble positioning him as one of the most successful ex-athlete investors. His story reflects a broader movement among athletes and celebrities exploring unconventional financial strategies. If he continues holding onto his crypto assets, Russell Okung’s Bitcoin play might just go down as one of the most lucrative moves in sports history—on or off the field.