Canadian rapper Aubrey Drake Graham, better known as Drake, on Sunday endured a loss when his bet of $400,000 in Bitcoin (CRYPTO: BTC) on YouTuber Jake Paul's boxing match went south.

What Happened: Drake posted a screenshot of his bet on the Jake Paul vs. Tommy Fury fight on Instagram. The rapper wagered a whopping $400,000 worth of Bitcoin on Paul to win by knockout for a potential payout of $1.44 million worth of Bitcoin.

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It was a close fight but Fury emerged victorious, defeating Paul in a hard-fought 8-round battle. 

This is not the first time Drake made a Bitcoin bet. Earlier on Feb.14, Drake won $1.26 million worth of Bitcoin after the Kansas City Chiefs won Super Bowl LVII against Philadelphia Eagles.

Price Action: At the time of writing, BTC was trading at $23,537, up 1.36% in the last 24 hours, according to Benzinga Pro. 

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