Cai Wensheng, an angel investor from China and photo retouching app provider Meitu chairman, says he has achieved his objective of accruing 10,000 bitcoins.
In an open group Q&A session with tech entrepreneur Wang Feng on WeChat on Thursday, Cai disclosed that despite holding a single bitcoin in January of this year, he moved to boost his portfolio over the first quarter of 2018 amid the bearish market's minimal prices.
Soon after December's indicated high around $20,000, the cost of bitcoin started dropping in January. It attained a low for the year so far beneath $6,000 in February, before shooting again to more than $9,700 at press time. According to CoinDesk's Bitcoin Price Index, Cai's holdings are now worth around $96 million.
[Video] Chinese Angel Investor Amassed 10,000 Bitcoins Amid Q1 Price Slump
