F2Pool co-founder says Thailand condo bought for 2,900 Bitcoin sold for 7
F2Pool co-founder Wang Chun’s decision to sell a Thai condo once bought for 2,900 BTC for just 7 BTC illustrates the opportunity cost of spending Bitcoin early.
Bitcoin mining pioneer Wang Chun said he sold a condominium in Pattaya, Thailand, for 7 Bitcoin, a fraction of the 2,900 BTC he paid for the property in 2015, highlighting the steep opportunity cost of early crypto spending. The F2Pool co-founder disclosed the transaction in a Tuesday X post.
Chun bought the apartment in North Pattaya when Bitcoin (BTC) traded at roughly $270, valuing the purchase at around $785,000 at the time, and around $470,000 at today’s prices, a decrease of roughly 40%. “In 2015, I purchased this Naklua condo in North Pattaya for 2900 BTC. It was the first home I had ever owned… Yesterday, I sold this condo for 7 BTC,” he wrote.
Bitcoin has since surged to a peak above $126,000 in October 2025 and traded at around $67,000 at the time of writing, according to CoinGecko, making the original 2,900 BTC worth $365 million at its peak (a price increase of roughly 46,500%), and around $194 million today (24,800%) at current levels despite recent volatility.
