Mystery Bitcoin investor turns $50 into millions with mind-blowing 59,999,900% return - here's his story

Economic Times

14 hours ago

How Bitcoin investor turned $50 into $30 million: An anonymous Bitcoin holder moved 300 BTC mined in 2013. The coins were worth $50 then and are now valued at $30 million. Pete Rizzo spotted the move. Bitcoin surpassed Google in market capitalization. It reached $2.456 trillion. The crypto community celebrated the investor's patience. Bitcoin's surge is due to market forces. These include institutional adoption and inflation fears.
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In a year already packed with astonishing crypto headlines, one anonymous Bitcoin holder has stunned the crypto community by quietly moving a stash of 300 BTC, mined for just $50 over a decade ago, now worth $30 million, as per a report.The move was first spotted by Pete Rizzo, who broke the news on X (formerly Twitter), known on X as The Bitcoin Historian, on August 14, according to The Street report.The user wrote, 'JUST IN: SOMEONE JUST MOVED 300 #BITCOIN THAT THEY MINED FOR LESS THAN $50 IN 2013,' as quoted by The Street. Rizzo added, 'THEY HELD FROM $3K TO $30 MILLION. LEGEND,' as quoted in the report.ALSO READ: Opendoor CEO Carrie Wheeler quits suddenly, stock jumps 9% as Shrisha Radhakrishna steps in as new president Back in 2013, Bitcoin was trading at around $13 per coin, reported The Street. At that price, the 300 BTC could be mined for a few dozen dollars' worth of electricity and hardware costs, according to the report.But now, in 2025, as Bitcoin is trading above $120,000 after it recently broke its all-time high, it has turned that once-small reward into a generational windfall, as per the report.In today's market, those 300 BTC are worth more than $30 million, that means it is a return on investment of over 59,999,900%, as reported by The Street.ALSO READ: Recession alarm? New York City job market collapses, only 956 hires in 6 months — worst in decades This comes as Bitcoin on August 13 increased more than its previous all-time high, briefly topping $124,000, and overtook Google in market capitalization, reaching $2.456 trillion, compared to Google's $2.450 trillion, as reported by CoinGecko. The milestone has positioned BTC as the fifth-largest asset in the world by market cap, according to The Street report.Bitcoin's price run this year is because of a mix of macroeconomic forces, like the institutional adoption, fears of inflation, and also political uncertainty, as per the report. Market optimism further was fuelled as the US is reportedly considering a strategic Bitcoin reserve and global mining capacity is becoming more decentralised, according to The Street report.ALSO READ: As the July jobs report paints a grim picture, 114 companies plan layoffs in August - is yours on the list? Meanwhile, the crypto community immediately reacted online on social media X to the mysterious investor with 59,999,900% gains, according to the report.One X user wrote, 'Diamond hands has a new definition,' as quoted by The Street. The term 'diamond hands' in Bitcoin culture is used to describe holders who resist the urge to sell, no matter the volatility, according to The Street. Like this early miner, who held on to it for more than a decade, sitting through Bitcoin's crash from $1,000 in 2013, the 2018 bear market plunge to $3,000, and the brutal 2022 crypto winter, as reported by The Street.Another said, 'Holding from $3K to $30M isn't luck, it's a masterclass in patience and conviction,' adding, 'How many early holders still have the nerve to let history repeat itself?' as quoted in the report.While, one more user wrote that, 'Satoshi would be proud,' as quoted in The Street report.A mix of institutional adoption, inflation concerns, political uncertainty, and exploration of a US Bitcoin reserve, as per The Street report.The identity is unknown, it was likely an early miner who held onto their BTC for over a decade.