F2Pool co-founder Wang Chun said he recently sold a condominium in Pattaya, Thailand, for 7 BTC — a dramatic contrast with the 2,900 BTC he paid for the same unit in 2015. Chun shared the sale on X, noting the transaction highlights the steep opportunity cost of spending large amounts of Bitcoin early in the asset’s history.
Chun bought the North Pattaya apartment in 2015 when BTC traded near $270, putting the purchase at roughly $785,000 at the time. By current fiat measures the property’s value is lower: about $470,000 today, a drop of roughly 40% versus its 2015 dollar price. More striking is how the move looks in Bitcoin terms: 2,900 BTC held through Bitcoin’s subsequent rise would have been worth hundreds of millions of dollars at BTC’s peak.
Bitcoin climbed to above $126,000 in October 2025, making Chun’s original 2,900 BTC equal to about $365 million at that highwater mark. At the time of his post, BTC traded around $67,000, which would place those same coins at roughly $194 million. Those figures underline how decisions to spend or sell Bitcoin in the early years have produced very different outcomes for different people.
Chun’s sale joins a handful of notable crypto-era real-estate anecdotes. Early adopters have sometimes sold homes to accumulate Bitcoin — one Bitcointalk forum user reported selling a house for 648 BTC in 2014 — while Binance founder Changpeng Zhao has said he sold a Shanghai apartment for about $900,000 and used the proceeds to buy BTC at an average price near $600.
Over the past decade Bitcoin’s gains have dwarfed many traditional assets: gold rose from about $1,200 an ounce in 2015 to north of $4,500 today, and the S&P 500 returned roughly 284% over the same span. Still, individual choices about holding or spending crypto have produced very different personal outcomes.
While in Pattaya, Chun said he obtained a Saint Kitts and Nevis passport and a U.S. visa and launched F2Pool’s Zcash mining pool, describing the period as his first real experience living abroad. The report follows Cointelegraph’s editorial standards; readers are encouraged to verify details independently.