eToro’s $5 Bitcoin Bet Turned $50M: Crypto’s Early Win Revealed!
eToro’s CEO reveals buying Bitcoin at $5, netting $50M profit! Is crypto still a goldmine? Uncover the epic tale now!
In a jaw-dropping revelation on CNBC, eToro CEO Yoni Assia shared that the trading platform bought Bitcoin for its treasury at just $5 per coin, eventually selling for a staggering $50 million profit. This early bet, made long before Bitcoin’s 2025 price of $105,000, marks one of the first known institutional crypto wins. Assia’s disclosure, announced on May 15, 2025, coincides with eToro’s Nasdaq debut, valuing the firm at $5 billion after years of pivoting from crypto to stocks, which now drive 75% of its revenue. Posts on X erupted, with users praising eToro’s foresight.
Why does this matter? eToro’s story shows how early crypto adopters reaped massive rewards, fueling today’s institutional rush—firms like BlackRock now hold Bitcoin. The 2013 bet highlights crypto’s potential as a high-risk, high-reward asset, especially as eToro still supports 130 crypto assets. However, Assia noted pressure from his board to sell, citing it wasn’t their core business, a reminder of crypto’s volatility and skepticism then.
For beginners, this tale underscores crypto’s transformative power but also its risks—Bitcoin’s price swings demand caution. With eToro’s IPO signaling crypto’s mainstream rise, the market could see more institutional bets, potentially lifting prices. Will you join the crypto wave? Share your thoughts below! Follow trafy.io for more crypto insights.
NOTICE:
The information provided on trafy.io does not constitute investment advice or recommendations. All investment and trading activities involve risks, and readers are advised to conduct their own research before making decisions.
NOTICE:
The information provided on trafy.io does not constitute investment advice or recommendations. All investment and trading activities involve risks, and readers are advised to conduct their own research before making decisions.
