Bitcoin mining pioneer Wang Chun sold a Thai condominium for 7 BTC, a fraction of the 2,900 BTC he paid for it in 2015, illustrating the massive opportunity cost of spending cryptocurrency before its historic price surge. The co-founder of F2Pool disclosed the transaction, which underscores Bitcoin’s astronomical outperformance compared to traditional assets like gold and stocks over the past decade.
Bitcoin mining pioneer Wang Chun sold a condominium in Pattaya, Thailand, for 7 Bitcoin. The co-founder of F2Pool disclosed this transaction in a social media post.
Chun originally purchased the apartment in 2015 for 2,900 Bitcoin when the cryptocurrency traded at roughly $270. This valued the initial purchase at approximately $785,000 at the time.
“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, though it traded around $67,000 at the time of reporting according to CoinGecko.
The original 2,900 BTC stake was worth about $365 million at Bitcoin’s peak. This represents a price increase of roughly 46,500% from its 2015 value.
The sale highlights Bitcoin’s extreme outperformance relative to traditional assets. Gold rose about 275% from 2015, while the S&P 500 delivered a cumulative return around 284% over the same period.
Wang’s story joins other symbolic crypto-era real estate decisions. An early adopter on a Bitcointalk forum post said he sold his house for 648 BTC in 2014 to Binance founder Changpeng “CZ” Zhao.
Zhao said in a February interview that he sold his Shanghai apartment for about $900,000. He used the proceeds to buy Bitcoin in tranches at an average price of roughly $600 per coin.
During his time in Pattaya, Chun said he obtained a Saint Kitts and Nevis passport and a U.S. visa. He also built and launched F2Pool’s Zcash mining pool while living there.
“My time in Pattaya gave me my first real experience of living abroad and the courage to explore much farther parts of the world,” Chun said.
