F2Pool founder: Purchased a Thai apartment in 2015 for 2900 BTC, recently sold for 7 BTC

DeepFlowTech · 2026-03-31T09:10:52+00:00

F2Pool co-founder Wang Chun purchased a Thai apartment for 2,900 BTC and recently sold it for only 7 BTC, which is about 0.24% of the original purchase price. This transaction highlights the high opportunity cost of using BTC for physical consumption in the early days and reflects how cryptocurrency price fluctuations impact the value of physical assets.

DeepFlowTech

2026-03-31 09:10:52

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Deep Tide TechFlow update: On March 31, according to Cointelegraph, F2Pool co-founder Wang Chun disclosed that the Naklua apartment in Pattaya, Thailand, which he bought in 2015 for 2,900 BTC, was recently sold for 7 BTC. Measured in BTC, it is only about 0.24% of the original purchase price.

At the time of purchase in 2015, the price of BTC was around $270. The apartment’s purchase price translated to about $785,000; based on the current BTC price of about $67,000, the original 2,900 BTC is currently worth about $194 million. Meanwhile, the 7 BTC received from the sale is only worth about $469,000, highlighting the high opportunity cost of early making real-world purchases using BTC. BTC reached a historical high of more than $126,000 in October 2025, when the peak value of 2,900 BTC was about $365 million.

Wang Chun said that while living in Pattaya, he obtained St. Kitts and Nevis passports and a U.S. visa, and he also led the establishment and launch of F2Pool’s Zcash mining pool.

BTC-1.48%

ZEC11.65%

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