Wang Chun's sale of a Thai property underscores the opportunity cost of early cryptocurrency investments as Bitcoin's value has soared.
F2Pool co-founder Wang Chun announced the sale of a condominium in Pattaya, Thailand, for 7 Bitcoin, a property he bought in 2015 for 2,900 Bitcoin when the cryptocurrency traded at around $270 per coin.
At the time of purchase, the condo was valued at approximately $785,000 based on Bitcoin's price. Today, with Bitcoin at about $67,000, the original 2,900 Bitcoin would be worth around $194 million, illustrating the asset's significant growth.
Bitcoin's Price Surge Since 2015
Bitcoin reached a peak above $126,000 in October 2025 and was trading at $67,000 at the time of the announcement, according to CoinGecko. This means Chun's original investment peaked at roughly $365 million, showing a price increase of about 24,800% from 2015 levels.
The sale highlights Bitcoin's outperformance compared to traditional assets; gold has risen about 275% since 2015, from $1,200 to over $4,500 per ounce, while the S&P 500 has delivered a cumulative return of around 284% over the same period.
During his time in Pattaya, Chun obtained a Saint Kitts and Nevis passport and a U.S. visa, and he launched F2Pool's Zcash mining pool, marking key personal and professional milestones.
Chun's decision reflects a broader trend among early crypto adopters, such as Binance founder Changpeng Zhao, who sold his Shanghai apartment to invest in Bitcoin. This transaction was disclosed in Chun's recent social media post.
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