One of the legendary figures of the cryptocurrency market sold the house he bought for 2,900 Bitcoin (BTC) in 2015 for just 7 BTC.
Wang Chun, the founder of F2Pool, one of the world’s largest cryptocurrency mining companies, sold his apartment, which he bought for 2,900 BTC, for only 7 BTC.
Chinese entrepreneur Wang Chun purchased an apartment in Naklua, North Pattaya, for 2,900 BTC in 2015 when Bitcoin was cheap. At the time, Bitcoin was trading around $200, so he paid approximately $650,000.
Wang stated that he sold his house because he was leaving the city.
Today, 7 BTC is worth approximately $450,000, meaning Wang lost money on the sale. However, if Wang had kept the 2900 BTC instead of buying a house, their total value would be around $195 million.
In a statement made from his X account, F2Pool founder Wang implied that he had no regrets about selling the house.
Chun viewed the sale positively, focusing on the benefits the house provided him rather than the numbers.
“In 2015, I bought this Naklua apartment in North Pattaya for 2900 BTC. It was the first house I ever owned.”
…Yesterday, I sold this apartment for 7 BTC.
Life goes on and I will miss Pattaya.”
*This is not investment advice.
