F2Pool co-founder says Thailand condo bought for 2,900 Bitcoin sold for 7

2 hours ago

Bitcoin mining pioneer Wang Chun said helium sold a condominium successful Pattaya, Thailand, for 7 Bitcoin, a fraction of the 2,900 BTC helium paid for the spot successful 2015, highlighting the steep accidental outgo of aboriginal crypto spending. The F2Pool co-founder disclosed the transaction successful a Tuesday X post.

Chun bought the flat successful North Pattaya erstwhile Bitcoin (BTC) traded astatine astir $270, valuing the acquisition astatine astir $785,000 astatine the time, and astir $470,000 astatine today’s prices, a alteration of astir 40%. “In 2015, I purchased this Naklua condo successful North Pattaya for 2900 BTC. It was the archetypal location I had ever owned… Yesterday, I sold this condo for 7 BTC,” helium wrote.

Bitcoin has since surged to a highest supra $126,000 successful October 2025 and traded astatine astir $67,000 astatine the clip of writing, according to CoinGecko, making the archetypal 2,900 BTC worthy $365 cardinal astatine its highest (a terms summation of astir 46,500%), and astir $194 cardinal contiguous (24,800%) astatine existent levels contempt caller volatility.

The merchantability besides reveals Bitcoin’s outperformance comparative to accepted assets implicit the past decade. Gold has risen from astir $1,200 an ounce successful 2015 to supra $4,500 contiguous (a 275% increase), portion the S&P 500 has delivered a cumulative instrumentality of astir 284%; important gains that airy successful examination to Bitcoin’s astronomical terms summation implicit the aforesaid clip period.

Early crypto existent property bets chopped some ways

Wang’s communicative sits alongside a tiny but symbolic acceptable of crypto-era existent property decisions by manufacture builders and investors, immoderate of which person documented the reverse: selling their properties to spell all-in connected BTC, from an aboriginal adopter connected a Bitcointalk forum post, who said helium sold his location for 648 BTC successful 2014 to Binance laminitis Changpeng “CZ” Zhao.

Zhao said successful a February interrogation that helium sold his Shanghai flat for astir $900,000 and utilized the proceeds to bargain Bitcoin successful tranches astatine an mean terms of astir $600 a coin.

During his clip determination successful Pattaya, Chun said helium obtained a Saint Kitts and Nevis passport and a US visa, portion gathering and launching F2Pool’s Zcash mining pool.

“My clip successful Pattaya gave maine my archetypal existent acquisition of surviving overseas and the courageousness to research overmuch farther parts of the world,” Chun said.

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