Rapper 50 Cent says he made millions selling his album for bitcoin [DailyFinance (AOL.com)]
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Source: DailyFinance
Rapper 50 Cent says he accepted bitcoin as payment for his 2014 album Animal Ambition. The 700 bitcoin he raked in are now worth between $7 million and $8.5 million, and he reportedly hasn't offloaded his stake yet. 50 Cent has figured out a way to make a killing in the struggling music industry, and it involves everyone's favorite cryptocurrency. The rapper, best known for his string of chart-topping hits in the early 2000s, says that he accepted bitcoin as payment for his 2014 album Animal Ambition , according to a report from TMZ . It was worth roughly $662 a coin back then, and TMZ sources say 50 Cent was able to rake in a total of 700 bitcoin. Now that the red-hot cryptocurrency has exploded higher, trading around $11,300, his 700-bitcoin stash is worth somewhere between $7 million and $8.5 million, TMZ calculates. This isn't the first time 50 Cent has found himself in a lucrative investment situation. About a decade ago, he became a minority shareholder
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