Key Takeaways
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Crypto OG Wang Chun bought his first home, a Naklua condo in North Pattaya, for 2,900 BTC back in 2015 when Bitcoin was cheap.
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The F2Pool co-founder lived there for two years and launched the Zcash mining pool.
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He recently sold the same condo for just 7 BTC, showing how Bitcoin’s massive rise turned the real estate into a tiny fraction in BTC terms.
In crypto, time can completely flip the value of things—and few stories show that better than this one.
Wang Chun, co-founder of major mining pool F2Pool (known online as satofishi), has just sold his Naklua condo in North Pattaya, Thailand, for 7 BTC.
Back in 2015, he bought the same property for 2,900 BTC.
In 2015, when Bitcoin was trading between $200 and $400, Wang Chun spent 2,900 BTC—roughly $650,000 at the time—on his first home.
It wasn’t just a purchase. It became a turning point.
Chun lived in the condo for about two years, using it as a base while building out his work in crypto.
During that time, he launched a Zcash mining pool, marking a step into privacy-focused infrastructure. The move to Thailand also opened new doors personally.
While living in Pattaya, he secured a U.S. visa through the American embassy and obtained a second passport from Saint Kitts and Nevis.
He has described that period as the first time he truly felt a sense of freedom, shifting his mindset toward global mobility rather than staying rooted in one country.
Even small details stuck with him—watching local changes unfold, from the royal transition in Thailand to everyday shifts like a nearby FamilyMart turning into a Tops Daily.
For early crypto adopters, moments like these reflected what Bitcoin enabled beyond trading: real-world movement and new opportunities.
Fast forward to March 30, Chun announced the sale on X, writing simply that life moves on and that he will miss Pattaya.
The same condo bought for 2,900 BTC sold for just 7 BTC—a drop of about 99.76% in Bitcoin terms.
At current prices near $67,000, that’s roughly $470,000, compared to the original ~$650,000 purchase price.
In dollar terms, the loss is relatively modest. In Bitcoin terms, it’s massive.
The difference comes down to Bitcoin itself.
Since 2015, BTC has risen more than 300x from its early-cycle lows.
What once felt like a reasonable real estate purchase now looks tiny when measured in BTC.
Chun himself framed the sale positively, focusing on what the property gave him rather than the numbers.
Since those early years, he has moved on—living in Bangkok, Seoul, and later in Europe—continuing a lifestyle built around mobility.
