50 Cent: 'I Forgot' Taking 700 Bitcoins For 2014 Album; Stake Is Now Worth Millions

in #bitcoin7 years ago

3202A13D00000578-0-image-a-1_1457479434609.jpgWhen 50 Cent agreed to accept bitcoin for purchases of his 2014 album, Animal Ambition, a unit of the cryptocurrency was already worth hundreds of dollars — but the value of those sales has since skyrocketed and the rapper's bitcoin holding is now reportedly worth more than $7.5 million.

"Not Bad for a kid from South Side, I'm so proud of me," 50 Cent wrote in an Instagram post citing TMZ's story about his unexpected windfall. Alongside emojis of a sack of money and a person holding up their hands in a "What?" pose, he added, "LOL."

In an additional comment that could either amaze or exasperate people who would love to find a pile of money, 50 Cent added, "I'm a keep it real. I forgot I did that s***."

TMZ reports that Animal Ambition brought the rapper around 700 bitcoins — worth several hundred thousand dollars at the time and around $7.7 million at today's rate.

The story of 50 Cent's bitcoin windfall is emerging just a few years after the rapper filed for bankruptcy protection under his given name, Curtis Jackson. As NPR reported in 2016, "He says he's broke, but he posted Instagram photos showing piles of cash in a refrigerator

Sort:  

Must be nice to remember you have 700 btc!I need problems like that!

Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://www.mprnews.org/story/2018/01/24/npr-50-cent-bitcoin-album-forgotten-stake