F2Pool co-founder Wang Chun has revealed he sold a condominium in Pattaya, Thailand for just 7 Bitcoin — a fraction of the 2,900 BTC he originally paid for it in 2015.
A decade of opportunity cost
Chun bought the apartment in North Pattaya when bitcoin traded at roughly $270, valuing the purchase at around $785,000 at the time.
He disclosed the sale in a post on X, writing:
“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.”
Bitcoin has since surged to a peak above $126,000 in October 2025, meaning the original 2,900 BTC would have been worth roughly $365 million at that high — a price increase of around 46,500% from his purchase price.
At current prices near $67,000, those same coins would be worth approximately $194 million today.
Bitcoin vs. traditional assets
The transaction also underscores bitcoin’s outperformance relative to traditional assets over the same period.
Gold rose from around $1,200 per ounce in 2015 to above $4,500 today, a gain of roughly 275%.
The S&P 500 priced in bitcoin tells a similarly stark story — the index delivered a cumulative return of around 284% over the same decade, gains that pale against bitcoin’s long-term price trajectory.
Crypto real estate decisions cut both ways
Chun’s story sits alongside a small but symbolic set of crypto-era real estate decisions.
Binance founder Changpeng Zhao took the opposite approach, selling his Shanghai apartment for about $900,000 and using the proceeds to buy bitcoin in tranches at an average price of roughly $600 per coin.
An early adopter on a Bitcointalk forum post similarly said he sold his house for 648 BTC in 2014.
During his time in Pattaya, Chun said he obtained a Saint Kitts and Nevis passport and a US visa while building and launching F2Pool’s Zcash mining pool, describing the experience as giving him “the courage to explore much farther parts of the world.”
