Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ALTCOIN NEWS»Hollywood director posts 575% return on Dogecoin bet funded by converted Netflix budget: Report
ALTCOIN NEWS

Hollywood director posts 575% return on Dogecoin bet funded by converted Netflix budget: Report

By Crypto FlexsNovember 25, 20232 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Hollywood director posts 575% return on Dogecoin bet funded by converted Netflix budget: Report
Share
Facebook Twitter LinkedIn Pinterest Email

A Hollywood director reportedly made a 575% profit by trading popular meme asset Dogecoin (DOGE) using funds originally reserved for a Netflix show.

Filmmaker Carl Erik Rinsch, who received $55 million from the big streaming service between 2020 and 2021 to finance his show “Conquest,” gave millions of that money to DOGE after a disagreement, according to a new report from The New York Times. I used it to invest. With the company.

According to the report, Rinsch began acting erratically and missing production schedules shortly after receiving the funding, leading Netflix to believe there was no way the project could move forward.

Netflix spokesperson Thomas Cherian told The New York Times:

“After much time and effort, it became clear that Mr. Rinsch would never complete the project he had agreed to create, so we canceled the project.”

According to the report, Rinsch not only continued to invest in Dogecoin, but also made option bets on the stock market and purchased luxury items such as Rolls-Royce vehicles and a Ferrari.

However, his bet on Dogecoin paid off, giving him a whopping 575% return on his investment.

According to the report, Rinsch transferred $4 million to cryptocurrency exchange Kraken and purchased dog-themed memecoins worth just as much, ultimately liquidating his stash for a whopping $27 million in 2021.

“Thank you and God bless your cryptocurrency,” Rinsch wrote in an online chat with a Kraken representative, according to the Times.

Don’t miss a beat – subscribe to get email alerts delivered straight to your inbox

Check Price Action

follow us TwitterFacebook, Telegram

Daily Hodl Mix Surfing

Check out the latest news headlines

&nbsp

Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and that you are responsible for any losses that may occur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

Image created: DALLE3

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

$ 438m XRP Transfer Sparks Panic- Ripple?

June 19, 2025

Solana Price Eyes 103% Rally $ 300: Here is the reason.

June 12, 2025

The merchant said the parabolic Sui Rally predicted it as New Highs, and the recent $ 223,000 DEX HACK has a ‘amazing opportunity’.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

GSR Launches Enhanced Systematic OTC Platform, Expanding FX Capabilities And Asset Coverage

June 25, 2025

How To Turn $100 Into $1,000,000 In 2025

June 25, 2025

Neo Pepe $NEOP Presale Passes $2M Raised With Stellar CertiK Audit

June 25, 2025

Encryption Inheritance Update: June 2025

June 25, 2025

Zama Raises $57M In Series B To Bring End-to-End Encryption To Public Blockchains

June 25, 2025

Gelato And Morpho Partner To Offer Embedded Crypto-Backed Loans For Wallets, Brokers, And Fintech Apps

June 25, 2025

Magic Newton Foundation Redefines Fair Token Launches With $NEWT

June 25, 2025

Like the initial Cardano, a way to reach $ 300 for Loy tokens more than $ 450K

June 25, 2025

AIXA Miner 2025 | AI-Driven Dogecoin Cloud Mining For Stable Daily Passive Income

June 24, 2025

Stably Introduces Stablecoin Development & Advisory Services For Institutions & Enterprises

June 24, 2025

Senior Trader Uses XRP To Start Bitcoin (BTC) Mining Machine, Earning $8,857 A Day

June 24, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

GSR Launches Enhanced Systematic OTC Platform, Expanding FX Capabilities And Asset Coverage

June 25, 2025

How To Turn $100 Into $1,000,000 In 2025

June 25, 2025

Neo Pepe $NEOP Presale Passes $2M Raised With Stellar CertiK Audit

June 25, 2025
Most Popular

Marathon Digital (MARA) Revenue Surges Despite Widening Q2 2024 Losses

August 4, 2024

How do Ethereum’s DN-404 standard bridge tokens and NFTs work?

May 31, 2024

Ethereum Spot ETF Hurdles: Experts Raise Concerns About US SEC’s Review of ETH Security

May 15, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.