Domain Investor Has $96 Million Bitcoin Portfolio | DomainInvesting.com
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Domain Investor Has $96 Million Bitcoin Portfolio

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There are quite a few domain investors who also invest in cryptocurrency. I personally know of a few who I believe have done very well with their crypto holdings, and I am sure there are even more who have kept their investments more private.

This morning, CoinDesk wrote about Cai Wensheng, a Chinese investor who has built a holding of 10,000 Bitcoins worth nearly $100 million, depending on the price of Bitcoin ($9,700+ at the time of publication). Mr. Wensheng didn’t start investing in Bitcoin at the earliest stages. Instead, CoinDesk reports that he had one Bitcoin in January and built up his holdings when Bitcoin was hitting its lows earlier this year. Interestingly, this investor got his start as a domain name investor.

From the CoinDesk article:

“Born in the 1970s, Cai made his name and first fortune by investing in domain names during the internet bubble and expanded his investment portfolio over the next decade as an angel investor.”

The DNQueen blog wrote about Wensheng in 2016, and that profile has some good background information about him and his domain investments:

“Mike Cai began his domaining career in the year 1999. From 2001 to 2003, he registered over 5000 expired domain names and sold 1000 of them to buyers all over the world.”

There are many people who have parlayed their domain investment success into other successful investments and ventures. It’s neat to see this unfolding in the cryptocurrency investment space.


About The Author: Elliot Silver is an Internet entrepreneur and publisher of DomainInvesting.com. Elliot is also the founder and President of Top Notch Domains, LLC, a company that has sold seven figures worth of domain names in the last five years. Please read the DomainInvesting.com Terms of Use page for additional information about the publisher, website comment policy, disclosures, and conflicts of interest.


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Comments (6)

    Mahe

    Good to see. He didn’t buy his btc with domain money, he actually paid today’s value for those since he started buying this year.

    Few domainers made it big with crypto and many have lost as well.

    May 4th, 2018 at 9:04 am

    Josh

    Kind of an odd story since he bought into BTC recently with the only connection is he owned and sold domains years ago. If anything he had more foresight with domains.

    Good for him but the man had serious money well before either venture, clearly.

    May 4th, 2018 at 10:27 pm

    BirthdayPartys.com

    I don’t get investing in bitcoins, I mean they are not liquid. You have to find one of few bitcoin atm’s to get cash.

    May 5th, 2018 at 7:34 am

    Acro

    What happened to Merlin’s BTC mining project? That got started when Bitcoin was in the low $$$

    May 5th, 2018 at 10:44 am

      Josh

      Merlin if he held should be lined up to buy Godaddy this year lol

      Mining is a tricky business but is profitable.

      In reply to Acro | May 5th, 2018 at 10:46 am

    Jonathan

    Just noted:

    Its another roller coaster: BTC Close To Smashing $10K Globally, Already There On Asian Markets
    https://cointelegraph.com/news/btc-tantalizingly-close-to-smashing-10k-globally-already-there-on-asian-markets
    [Courtesy of Cyber Crypto portfolio http://chhe6media.com/portfolio.php%5D

    May 5th, 2018 at 1:41 pm

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