Dave Portnoy has won $1 million from Donald Trump's new cryptocurrency and invested his winnings in a massive Buffalo Bills bet.
Trump's new '$TRUMP' coin, which launched on Friday night, cost Portnoy $24.80 per share as he bought $500,000 in cryptocurrency.
And earlier Sunday, the Barstool Sports boss revealed he had already made $1 million from the deal.
'I just woke up. Marked $trump coin. I'm up 200% since I bought it yesterday,” wrote in X. 'I sold it. I made a quick mill. He'll probably put it on the Bills tonight. I love Trump's America! Now I'm going to go back to sleep.'
In a later video, Portnoy revealed that he was actually betting on the Bills to go all the way and win the Super Bowl at odds of +550, which would net him $5.5 million if he was successful.
He stated that Josh Allen and company are 'due' to win the franchise its first championship, which will require them to overcome the Ravens in the divisional round.
Dave Portnoy has made $1 million with Donald Trump's new cryptocurrency
Trump announced the coin, '$TRUMP', on Friday night before his inauguration.
Portnoy's $1 million profit was bet on Josh Allen and the Bills winning the Super Bowl.
Beyond that, the Chiefs are awaiting Baltimore or Buffalo in the AFC Championship Game, while the Commanders or Eagles will represent the NFC in the Super Bowl.
Trump, who will be sworn into office for the second time on Monday, announced his 'memecoin' on Friday night to his X followers.
'My NEW Official Trump Meme is HERE! It's time to celebrate everything we stand for: WINNING!' he wrote.
'Join my very special Trump community,' he wrote on X. 'GET YOUR $TRUMP NOW. GO to gettrumpmemes.com – Have fun!'
On Saturday, Portnoy was one of many NFL fans left outraged by the officiating in the Chiefs-Texans game, as he accused the referees of “cheating.”
'The good news is that the Texans are dominating and their defense is flying. The bad news is that the referees are cheating and losing,” he wrote in X.
Portnoy's post came after a controversial decision to penalize Houston's Will Anderson Jr. for roughing the passer after he hit Patrick Mahomes a split second after he threw a pass in the first half.
The Chiefs ended up winning quite comfortably, posting a 23-14 victory to reach their seventh consecutive AFC Championship Game.