Billionaire Tim Draper Confirms He Still Holds 30,000 Bitcoin: “I Just Keep Buying More”
Venture capitalist Tim Draper has revealed that he still holds the 30,000 BTC he famously acquired in 2014 from a U.S. government auction of seized Silk Road assets — and he’s not done buying.
During a recent interview, Draper reiterated his ultra-bullish stance on Bitcoin and responded to questions about his current holdings and net worth, estimated by Forbes at $2.9 billion.
“I just keep buying more,” Draper said, confirming that he still owns the 30,000 BTC — now worth over $3 billion at current market prices.
Draper’s 2025 Bitcoin Target: $250,000
Draper has long maintained a public price target of $250,000 per Bitcoin by the end of 2025. Despite past market volatility, he remains one of the most consistent high-profile believers in Bitcoin’s long-term value as a decentralized, global store of wealth.
When questioned about whether he’s spent any of his Bitcoin or adjusted his holdings since the 2014 Silk Road auction, Draper avoided specifics but made one thing clear: he’s still accumulating.
Bitcoin Outperformance Reinforces Long-Term Thesis
Draper’s early investment in Bitcoin has already paid off handsomely. He purchased the 30,000 BTC for approximately $19 million total—about $633 per coin—during a U.S. Marshals auction. That investment has grown more than 150x in value over the past decade.
As institutional adoption continues to grow and spot Bitcoin ETFs gain global traction, Draper’s conviction—and portfolio—appear stronger than ever.
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
