Andrew Tate Buys $2 Million in Bitcoin as Crypto Plunges

Controversial influencer Andrew Tate purchased $2 million worth of Bitcoin on Feb. 5 as the cryptocurrency’s value dropped below $67,000 amid a broader market decline.

Tate, a former kickboxer facing legal charges in Romania, including human trafficking and rape, made the announcement on the social media platform X.

Bitcoin fell as low as $66,795.63 that day, marking an 8% loss in 24 hours and triggering $1.42 billion in liquidations across crypto markets, with $709.7 million from Bitcoin positions alone.

Bitcoin price stood at $66,691.44 at the time of the report, representing a nearly 50% decline from its all-time high of $126,080 set in October 2025.

“Buying $2,000,000 of btc at 67,000. Bookmark this,” Tate posted on X at 5 p.m. GMT on Feb. 5.

The purchase came hours into the dip, which followed warnings from Tate in prior months about an impending crash to $26,000.

Within hours, Bitcoin dropped further to $63,000, resulting in approximately $90,000 in losses for Tate’s position, or a 4.48% decline.

“TATEWATCH: ANDREW TATE’S NEW BTC POSITION DOWN ALMOST $100,000 IN 3 HOURS. @Cobratate purchased $2,000,000 of $BTC at $67,000. In a few short hours, BTC has dropped to $64,000. Tate is down roughly $90,000, or 4.48%. We will continue to monitor the position,” stated a tracking account cited in a Binance Square post.

The drop marked Bitcoin’s lowest level since November 2024.

Tate has a history of crypto involvement, including promotions of meme coins that later collapsed and a complete liquidation of his Hyperliquid account in November 2025, wiping out $727,000 without withdrawals.

Authorities seized Bitcoin wallets linked to him in 2023 during his Romanian legal proceedings.