Bitcoin mining pioneer Wang Chun mentioned he bought a condominium in Pattaya, Thailand, for 7 Bitcoin, a fraction of the two,900 BTC he paid for the property in 2015, highlighting the steep alternative price of early crypto spending. The F2Pool co-founder disclosed the transaction in a Tuesday X submit.
Chun purchased the condo in North Pattaya when Bitcoin (BTC) traded at roughly $270, valuing the acquisition at round $785,000 on the time, and round $470,000 at at present’s costs, a lower of roughly 40%. “In 2015, I bought this Naklua rental in North Pattaya for 2900 BTC. It was the primary dwelling I had ever owned… Yesterday, I bought this rental for 7 BTC,” he wrote.
Bitcoin has since surged to a peak above $126,000 in October 2025 and traded at round $67,000 on the time of writing, in response to CoinGecko, making the unique 2,900 BTC price $365 million at its peak (a worth enhance of roughly 46,500%), and round $194 million at present (24,800%) at present ranges regardless of current volatility.
The sale additionally reveals Bitcoin’s outperformance relative to conventional property over the previous decade. Gold has risen from about $1,200 an oz in 2015 to above $4,500 at present (a 275% enhance), whereas the S&P 500 has delivered a cumulative return of round 284%; substantial beneficial properties that pale compared to Bitcoin’s astronomical worth enhance over the identical time interval.
Early crypto actual property bets lower each methods
Wang’s story sits alongside a small however symbolic set of crypto-era actual property choices by business builders and buyers, a few of which have documented the reverse: promoting their properties to go all-in on BTC, from an early adopter on a Bitcointalk discussion board submit, who mentioned he bought his home for 648 BTC in 2014 to Binance founder Changpeng “CZ” Zhao.
Zhao mentioned in a February interview that he bought his Shanghai condo for about $900,000 and used the proceeds to purchase Bitcoin in tranches at a mean worth of roughly $600 a coin.
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Throughout his time there in Pattaya, Chun mentioned he obtained a Saint Kitts and Nevis passport and a US visa, whereas constructing and launching F2Pool’s Zcash mining pool.
“My time in Pattaya gave me my first actual expertise of residing overseas and the braveness to discover a lot farther elements of the world,” Chun mentioned.
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