10K80 by August Prum January 24, 2018
After TMZ reported yesterday that 50 Cent has been sitting on a mountain of Bitcoin riches, the Queens rapper claimed on Instagram that he had forgotten about this particular source of racks, estimated to be worth around “$7 million and $8.5 million.”
The bitcoin bread stems from 50’s 2014 album Animal Ambition, which accepted bitcoin payments in a revolutionary move at the time.
“Rewind to 2014 and 50’s album, Animal Ambition, when the rapper became the first to accept bitcoin — which was then valued at around $662/bitcoin — as payment for his work. We’re told customers could get a copy of the album for just a fraction of a whole bitcoin.”
The album did about 700 bitcoin sales, which 50 kept chilling in the mines or wherever bitcoins stay. Those 700 conversions amounted to about $400k according TMZ, but after letting those bitcoins simmer in the oven for a little, 50 now has a small fortune:
“Fast-forward to today — when bitcoin’s value has fluctuated between $10k and $12k per coin. Turns out 50 is a money genius … sitting on anywhere between $7 million and $8.5 million.”
“Ima keep it real i forgot i did that sh*t lol,” 50 wrote on Instagram in a now deleted post. But he kept up the recent self congratulatory theme by trolling everyone on his various social media accounts.
“I’m so proud of me,” 50 says on Instagram.
“I know I make you sick,” 50 continued to Twitter.
Alright, relax 50, we get it man. I’m over here trying to figure out what the fuck blockchain is and 50 has millions chilling in the bitcoin safe.
Throw me a couple stacks, Fiddy, I’m tryna get to the bag.