Investor who sold revolutionary tech for 300 Bitcoin is worth a small fortune decade later
Anyone who has owned and sold Bitcoin over the years is likely wishing they'd had the wits to hold on just a little bit longer, but one keen investor and young businessman made the smart decision to trade 300 Bitcoin for his company.
Not content, he then turned it into a small fortune down the line.
Everybody wants a slice of the Bitcoin pie these days, especially now that it has hit the long-fabled $100,000 mark, but only true believers in the cryptocurrency were hanging around when it was nothing more than a couple of hundred bucks.
One of these long-time investors was Erik Finman, who became one of the world's youngest Bitcoin millionaires after first picking up the cryptocurrency when he was just 12. In an interview with The Business of Business, Finman describes how he first learned about Bitcoin when he saw it on a t-shirt, and used $1,000 he'd received from his grandmother to invest in the unregulated coin in the belief that it would destroy Wall Street.
Advert
Over the years, he continued to believe in the growth of cryptocurrency and used the money he'd earned from digital coins to start his own company called 'Botangle', which allowed people to teach and learn topics over video calls from anywhere across the globe.
His life truly changed when a buyer came in with an offer for the company, and a calculated risk involving Bitcoin made the young businessman far more than he would have got otherwise.
How much did Finman sell his company for?
As reported by The Guardian, Finman was offered either $100,000 in cash or 300 Bitcoin in exchange for Botangle. Due to his unwavering faith in the leading cryptocurrency, he obviously chose the latter.
While that might seem like a complete no-brainer considering the current price of the coin, back in 2015 when the sale went through, Bitcoin was experiencing quite a significant financial slump.
It was worth around $200 per coin at the time, making the 300-strong offer valued at just $60,000, which was far lower than the cash alternative with the prospect of dropping even further.
Finman maintained his faith, and after taking the risky option, it has certainly paid off in the long term.
How much is 300 Bitcoin worth in 2025?
With a single coin price of $111,188.38 at the time of writing, 300 Bitcoin is worth an eye-watering $33,356,514, or roughly 336 times what he could have had if he'd gone for the cash.
Of course, there's a chance that Finman could have made a similar financial risk by placing the cash directly into stocks - with others having seen a major benefit over the years - but with the astronomical rise of Bitcoin, you can only commend the young investor's belief.
It's also worth seeing how much Bitcoin's price has increased since Botangle's 2015 sale, as the price has gone up by roughly 55,494%, which isn't something to scoff at even if it's over a 10-year period.
It's unclear quite how much of the cryptocurrency Finman is still holding on to in 2025, but as of 2020, he revealed that he still had 431 Bitcoins and several other less valuable coins in his digital wallet.
If he still has just 431 in total, that would make his holdings worth around $47,922,191.78, although given Finman's track record, it's likely that he owns even more at this point.