Bitcoin mining leader Wang Chun stated he offered a condo in Pattaya, Thailand, for 7 Bitcoin, a portion of the 2,900 BTC he spent for the home in 2015, highlighting the high chance expense of early crypto costs. The F2Pool co-founder revealed the deal in a Tuesday X post.
Chun purchased the apartment or condo in North Pattaya when Bitcoin (BTC) traded at approximately $270, valuing the purchase at around $785,000 at the time, and around $470,000 at today’s rates, a reduction of approximately 40%. “In 2015, I acquired this Naklua condominium in North Pattaya for 2900 BTC. It was the very first home I had actually ever owned … The other day, I offered this condominium for 7 BTC,” he composed.
Bitcoin has actually given that risen to a peak above $126,000 in October 2025 and traded at around $67,000 at the time of composing, according to CoinGecko, making the initial 2,900 BTC worth $365 million at its peak (a cost boost of approximately 46,500%), and around $194 million today (24,800%) at present levels in spite of current volatility.
The sale likewise exposes Bitcoin’s outperformance relative to conventional properties over the previous years. Gold has actually increased from about $1,200 an ounce in 2015 to above $4,500 today (a 275% boost), while the S&P 500 has actually provided a cumulative return of around 284%; considerable gains that fade in contrast to Bitcoin’s huge rate boost over the very same period.
Early crypto property bets cut both methods
Chun’s story sits along with a little however symbolic set of crypto-era property choices by market contractors and financiers, a few of which have actually recorded the reverse: offering their residential or commercial properties to go all-in on BTC, from an early adopter on a Bitcointalk online forum post, who stated he offered his home for 648 BTC in 2014 to Binance creator Changpeng “CZ” Zhao.
Zhao stated in a February interview that he offered his Shanghai apartment or condo for about $900,000 and utilized the earnings to purchase Bitcoin in tranches at a typical rate of approximately $600 a coin.
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Throughout his time there in Pattaya, Chun stated he got a Saint Kitts and Nevis passport and a United States visa, while structure and introducing F2Pool’s Zcash mining swimming pool.
” My time in Pattaya offered me my very first genuine experience of living abroad and the guts to check out much further parts of the world,” Chun stated.
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