Miner Producing Bitcoin for $ 0.13 Sold After 14 Years: Here’s His Profit!
Bitcoin, which was very low when it first got here out, has grown in recognition over time and reached an all-time excessive of $ 69,000 in November 2021.
At this level, some traders and miners stored the BTCs they purchased within the early days and earned hundreds of thousands of {dollars}.
Certainly one of these traders was shared by CryptoQuant founder Ki Younger Ju.
Ki Younger Ju revealed {that a} Bitcoin miner who produced 150 BTC value solely $0.13 in 2009, bought his BTCs for $6.5 million final yr.
Ju said that the BTC miner’s revenue from this sale was 5,019,590,600.
“Enjoyable Truth: This individual mined 150 BTC value $0.13.
This miner held 150 Bitcoins for 13 years after which bought it for $6.5 million. He made a revenue of 5,019,590,600 from this sale. “
Enjoyable Truth: This individual mined 150 #Bitcoin valued at $0.13, held for 13 years, then bought for $6.5 million, yielding a 5,019,590,600% revenue. pic.twitter.com/y1SJGAG6Yj
— Ki Younger Ju (@ki_young_ju) August 9, 2023
This miner would have made extra revenue if he had not bought his BTCs at $ 43,000 in April final yr, however bought it in November 2021 when Bitcoin was $ 69,000.
*Not funding recommendation.
