From 2,900 to 7: The F2Pool Co-Founder's Condo Sale Is the Opposite of DCA

F2Pool co-founder Wang Chun recently parted ways with a condominium in Pattaya, Thailand, for 7 Bitcoin—which, for anyone keeping score at home, is technically fewer BTC than some people spend on gas during a particularly enthusiastic DeFi summer. The transaction, announced in a Tuesday X post, serves as a masterclass in opportunity cost for anyone who's ever considered cashing out sats for bricks and mortar. Spoiler: the math hurts.

Chun bought the Naklua apartment when BTC traded at roughly $270, putting the total damage at around $785,000. At today's prices, that same 2,900 BTC would be worth approximately $194 million—a 24,800% increase that makes virtually every traditional investment look like a participation trophy. For reference, that's enough Bitcoin to make Scrooge McDuck consider a career change.

Bitcoin peaked above $126,000 in October 2025, briefly making Chun's original investment worth around $365 million. Yesterday's 7 BTC sale? Roughly $470,000 at current levels, representing a 40% decrease from his initial outlay. So while the rest of us were busy watching charts and stress-eating during the correction, Chun was out here converting Bitcoin into Thai real estate. Bold strategy, Cotton.

For context, Bitcoin's gains dwarf traditional assets over the same period. Gold climbed from $1,200 per ounce in 2015 to above $4,500 today—a respectable 275% jump that Gold bugs will absolutely not shut up about. The S&P 500 delivered approximately 284% returns. Neither comes close to Bitcoin's nearly 46,500% peak increase, which, for those counting at home, is roughly 163 times better than what your financial advisor suggested.

Chun's story joins a small collection of crypto-era real estate decisions. Binance founder Changpeng 'CZ' Zhao took the opposite approach, selling his Shanghai apartment for roughly $900,000 in 2014 and deploying those funds into Bitcoin at around $600 per coin. An early Bitcointalk forum user reportedly sold his house for 648 BTC the same year. To be fair, CZ's move worked out slightly better than buying a condo in Pattaya with your stack, but who's