Student Who Forgot $27 Bitcoin Investment for School Project Discovers Fortune Years Later
Sometimes, life hands out fortunes when you least expect it. That was certainly the case for Kristoffer Koch, a Norwegian student whose casual curiosity about Bitcoin turned into a financial windfall beyond his wildest dreams.
Back in 2009, Koch was just 25 years old and exploring ideas for a school project. While researching emerging technologies, he stumbled upon a technical paper published in 2008 by the elusive Satoshi Nakamoto, the mysterious creator of Bitcoin. Intrigued by the concept of a decentralized digital currency, Koch made what seemed like a minor decision at the time: he purchased some Bitcoin.
It wasn’t a grand investment. Reports suggest he put in somewhere between $22 and $27, buying approximately 5,000 Bitcoin tokens. At the time, digital currency was in its infancy and barely had any real-world use cases.
His investment wasn’t driven by a desire to strike it rich. It was more of a side experiment, as he was fascinated by groundbreaking technologies. But soon after, Koch moved on. As he put it, “The sole purchasable items in those days were alpaca socks, thus I proceeded with my life and relinquished thoughts of this venture to instead concentrate on securing gainful employment.”
And so, the Bitcoin sat untouched and mostly forgotten.
Fast forward four years. In 2013, news stories began to surface about Bitcoin's skyrocketing value. Koch decided to check on that old digital wallet and see what had become of his long-forgotten tokens. When he finally managed to recall the password and access the wallet, what he found was staggering: his 5,000 Bitcoins were now worth around $850,000.
Kristoffer was 25 when he made the purchase
“Not in my wildest dreams could I have imagined that they would have soared like this,” he told local media. “It's bizarre, these psychological reflexes that make us attach a value to something that doesn't have any in itself.”
Understandably, Koch didn’t hesitate to cash out a portion of his unexpected fortune. After selling just one-fifth of his holdings and paying the necessary taxes, he had enough to purchase a luxurious apartment in the heart of Oslo.
And that was just the beginning.
His initial investment would be worth more than $500 million
If Koch held on to the remaining 4,000 Bitcoin, his fortune would have continued to grow dramatically. At current valuations, his initial investment would now be worth around $594.5 million — a return of over 22 million times his original $27 bet.
Of course, that depends on whether he still holds the majority of his Bitcoin or sold off more over the years. Regardless, his story stands as one of the most legendary accidental investments in cryptocurrency history.
It’s the kind of real-life twist that feels like fiction. A forgotten school project turned into a life-changing discovery. For most of us, the idea of stumbling onto half a billion dollars might be reserved for daydreams. For Kristoffer Koch, it was simply a matter of logging back into an old account.
