This follows the collapse of the cryptocurrency exchange FTX

Retired NFL quarterback Tom Brady lost approximately $105 million in Bitcoin after a payment error involving $30 million worth of crypto. This loss coincides with reports that FTX, a major cryptocurrency company, had filed for bankruptcy.

Brady was an ambassador for FTX, receiving $30 million in stock as part of his endorsement. However, FTX’s valuation, which once peaked at $32 billion and included $48 million in shares held by Brady and his ex-wife Gisele Bündchen, has now become worthless following the company’s collapse.

Tom Brady’s Bitcoin holdings are now valueless

Brady’s Bitcoin Investment Now Worthless

In retrospect, Brady’s holdings are now worthless. Had he sold his stocks and invested in Bitcoin early on, he could have accumulated a fortune of around $105 million. Currently, Brady and Gisele Bundchen are facing lawsuits from FTX investors seeking repayment, with claims that endorsers did not conduct proper due diligence before promoting the platform.

In 2023, Brady ranked 50th on Forbes’ list of highest-paid athletes, earning $45.2 million from football and endorsements.

In a related story, rapper 50 Cent’s Bitcoin fortune soared after he realized he held a stash of cryptocurrency worth over $76 million today, thanks to his 2014 decision to accept Bitcoin as payment for his album ‘Animal Ambition’.

Overall, the value of Bitcoin has increased significantly, with its current price around $109,078.99 per coin. This means 700 coins would be worth approximately $76.4 million, highlighting the dramatic rise of cryptocurrency over recent years.