The rapper accepted cryptocurrency as payment for Animal Ambition, it was priced at $662 a coin at the time.
The P.I.M.P. artist, 42, was accepting Bitcoin payments four years back when he released Animal Ambition in June of 2014.
At the time, the Den of Thieves star was willing to accept cryptocurrency, which was priced at $662 per Bitcoin at the time. A fairly rogue move considering the lack of mainstream legitimacy extended to Satoshis at the time.
The In da Club rapper, whose real name is Curtis James Jackson III, was paid a rough total of 700 Bitcoin for the album, about $400,000 in fiat sales.
50 Cent attends the premiere of Den of Thieves (Credit: Kevin Winter)
In the three-and-a-half years that have elapsed since the release of the record, the value of Bitcoin has multiplied from $662 each $11,022.77, as of Coindesk at 10:28 this morning.
The rapper did not sell any of his blockchain earnings. They are now worth approximately $7 million to $8.5 million.
If he’d have sold them at the crypto’s all time high in December, roughly a $20,000 peak, his coins would be worth $14 million.
The Cboe Global Markets exchange became the first in the Unites States to begin trading Bitcoin futures(Credit: Scott Olson)
The If I Can’t artist took to Instagram Tuesday to boast, writing: “A little bit coin [sic] anyone ? LOL. I know I make you sick but excuse me I’m getting to the bag.”
“Not Bad for a kid from South Side, I’m so proud of me,” he added.
The rapper/investor scored a similar cash crop in 2007, of around $100 million, when his stake in VitaminWater shot up in value after a buy out by Coca-Cola.
It’s a big financial turnaround for the Candy Shop performer, after he filed for bankruptcy during July of 2015 in Connecticut, saying that he had about $10 million to $50 million in both assets and liabilities.
