F2Pool co-founder Chun Wang sold a Thailand condo for 7 BTC▼$60,853.00, down roughly 99.8% from the 2,900 BTC he paid more than a decade ago.
F2Pool co-founder Chun Wang said he sold a condo in Pattaya, Thailand, for 7 BTC after buying it for 2,900 BTC in 2015, a drop of about 99.8% in Bitcoin terms.
Recalling the purchase, Wang wrote in a Tuesday post on X, March 31:
“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.”
How Much Bitcoin Was Worth Back Then
According to data from CoinGecko, Bitcoin was trading at around $250 in 2015, putting the purchase at roughly $785,000 at the time.
Moreover, the same 2,900 BTC would be worth about $194 million today, or as much as $365.4 million if Wang had sold when Bitcoin hit an all-time high of $126,000 in October 2025, highlighting the risks of investing in Bitcoin — and at the same time — the benefits of using Bitcoin over traditional assets such as fiat currencies.
Who is Chun Wang
Wang is best known in crypto circles as the co-founder of F2Pool, a globally distributed mining pool that helps secure the Bitcoin network.
According to data from Hashrate Index, which tracks crypto mining pools, F2Pool is the third-largest pool in the industry, controlling over 10% of the market, behind only AntPool and FoundryUSA.
In the X post, Wang linked the condo to a key period in his life and career, saying:
“Although I only lived here for about two years before moving on to Bangkok and Seoul, and later to Europe, my time in Pattaya gave me my first real experience of living abroad and the courage to explore much farther parts of the world.”
He also noted that he launched F2Pool’s Zcash mining pool while living there, adding that the period helped “reshape my life and shift my focus away from the country where I was born.”
