Drake, a musician and rapper, loses $275,000 in a Bitcoin bet.

Drake lost over a quarter million dollars after Colby Covingto was determined to be the superior mixed martial artist.

Drake, a Canadian rapper, lost approximately $275,000 in Bitcoin, the largest cryptocurrency, after betting on American professional mixed martial arts

The "In My Feelings" hitmaker predicted Masvidal would beat Colby Covingto in Saturday's UFC 272 event at the T-Mobile Arena in Las Vegas.

Drake could have won more than $700,000 if he had placed his audacious bet on the underdog.