We bought Bitcoin to $ 5 and made a profit of $ 50 million

Etroro CEO Ionias Assia discovered that the company bought Bitcoin to $ 5 and eventually sold $ 50 million profit, marking one of the earliest known institutional cryptological bets.

Speaking with CNBC Next Etoro’s NASDADA DEBI, Assia divided that the trading platform added Bitcoin (Btc) His cash register at the beginning of 2010, long before Crypto reached the main consciousness.

“We were very early for crypt,” Assia said. “I started buying Bitcoin for $ 5 for ethoroine vault … $ 5 became $ 50,000 and I’m at the end of my dator to sell it. It’s not our job.”

While the company has since turned according to traditional markets, with 75% of revenues now related to shares, Assia confirmed that Etoro still supports over 130 cryptological means, reflecting the constant interest of the platform in the sector.

Etor’s approach to Bitcoin began well before the main financial institutions entered the space. Assia also noticed that Etherum (El) The founder of Vitalik Baterin once worked from Etor’s offices before launching an Etherum network.

Despite switching to multiple models in stock, partially, partially, partially, with dinner with Warren Buffett-Cripto still makes it in a quarter of ether business.

“Nobody doubts that crypt here to stay,” Assia said.

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Etoro’s public debut There is a 18-year-old journey and turning to profitable growth, in accordance with Assia.

Company undone Spac Connecting in 2021. years and instead, she has been waiting for permanent profitability before delayed the public.

The company now joins the growing list of shopping platforms with deep crypto roots that matured into wider financial services providers, even while Bitcoin still shapes their stories about the origin.