No. 1 NFL Draft Pick Trevor Lawrence has reportedly converted his entire signing bonus to cryptocurrencies via crypto firm Blockfolio. Lawrence is the top overall pick in the 2021 National Football League. His signing bonus is estimated to be around $24 million.
NFL Draft Pick Trevor Lawrence Converts Signing Bonus to Cryptocurrencies
Clemson quarterback Trevor Lawrence was selected No. 1 overall in the 2021 NFL Draft by the Jacksonville Jaguars on Thursday night.
The 6-foot-6, 220-pounder has partnered with crypto management and trading platform Blockfolio where has reportedly converted his sign-on bonus to cryptocurrencies. Lawrence tweeted last week: “Pumped to announce I’ve joined Blockfolio. Excited to help bring these two worlds together.” He also said:
When it comes to my crypto portfolio, I wanted a long-term partner in the space that I could trust.
According to Dealbook, “The quarterback’s first payment was made exclusively in crypto tokens transferred directly into his Blockfolio account.” While the company did not disclose the terms of the agreement, a spokesman noted that Lawrence’s signing bonus “was already worth more on Sunday than when it was deposited on Friday night.” The publication added that “Future payments will be made in whatever combination of dollars and crypto Lawrence chooses.”
The payment deposited Friday was reportedly converted into three cryptocurrencies: bitcoin (BTC), ethereum (ETH), and solana (SOL).
While the amount of Lawrence’s sign-on bonus was not disclosed, Spotrac estimates it to be $24.1 million.
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