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Sounds like a heartwarming, good old fashioned riches-to-riches story!
Yep. “Starting with only $25 million . . . “
Freeman’s investment cost him $27,280,000 (4.96 million shares at $5.50 each), which according to this article was raised from “friends and family.” He also interned for a hedge fund, which I infer may have also put cash into his effort. Bottom line: he cleared a profit of $102,720,000 before, presumably, paying back his co-investors and the IRS. My guess is his true net profit then was significantly less than this story implies.
The story didn’t imply a profit, though. It simply stated what he earned.
and all his profits are now invested in Bitcoin…..