Man Buys $27 Worth Of Bitcoins From 2009, Now They’re Worth $886,000




/ 10 years ago

Utah Software Engineer Mints Physical Bitcoins

You ever forgot that you had some money in the bank? Or perhaps you found and old wallet with £20 in the back, some change in your pocket when your doing the washing, or maybe a few pennies in your cars ashtray? Of course you have, but that isn’t worth a damn thing compared to what Christopher Koch has done.

In 2009 Bitcoin was relatively new, the coins were cheap and Mr Koch from Norway decided to invest $25 in the digital currency, which back then was enough to grab him 5000 coins. Then he did something interesting, he forgot about them.

Fast forward to the present and Koch was reminded about the coins by a news story and spend nearly a full day trying to recall his password for his digital wallet, naturally you can imagine his face when he saw just how many bit coins he had and how much they’re worth.

He bought 5000, at time of writing they are worth $199.40 each!

He’s cashed in a fifth of his investment and bought himself a lush new apartment in his home town. Now that is what I call a great investment.

Thank you HuffingtonPost for providing us with this information.


Topics: , , , ,

Support eTeknix.com

By supporting eTeknix, you help us grow and continue to bring you the latest newsreviews, and competitions. Follow us on FacebookTwitter and Instagram to keep up with the latest technology news, reviews and more. Share your favourite articles, chat with the team and more. Also check out eTeknix YouTube, where you'll find our latest video reviews, event coverage and features in 4K!

Looking for more exciting features on the latest technology? Check out our What We Know So Far section or our Fun Reads for some interesting original features.

eTeknix Facebook eTeknix Twitter eTeknix Instagram eTeknix Instagram
  • Be Social With eTeknix

    Facebook Twitter YouTube Instagram Reddit RSS Discord Patreon TikTok Twitch
  • Features


Send this to a friend
})