An early Ethereum investor has realized $55.6 million in total profits through strategic sales, achieving a remarkable 149x return on their initial investment.
The investor generated $50.11 million in revenue from the most recent sale of 501 ETH at an average price of $3,482 per ETH.
Initial holdings were acquired during Ethereum’s genesis phase, securing 16,000 ETH at an average cost of just $0.31 per ETH.
Subsequently, the investor bolstered their position in 2017 by purchasing an additional 804 ETH for approximately $459 per token.
Beginning in April 2021, the investor commenced a series of disposals, selling 14,394 ETH over time.
As a result, the investor currently retains around 2,410 ETH, valued at approximately $5.85 million based on current market prices.
The cumulative effect of these transactions, including the latest sale, culminates in the substantial $55.6 million windfall.