50 Cent has apparently never owned any Bitcoin, despite earlier reports stating the rapper sold 700 Bitcoins-worth of copies of his Animal Ambition in 2014. Supposedly left unredeemed, the Bitcoins would now be worth between $7 million and $8.5 million USD in the wake of the current cryptocurrency market.
New court documents obtained by The Blast detail that a new filing was made in bankruptcy court that refutes 50’s Bitcoin claims. The documents state Curtis “50 Cent” Jackson “never owned, and does not own, a bitcoin account or any bitcoins, and to the best of his knowledge, none of his companies had a bitcoin account from 2014 to the present.” It goes on to say that the cryptocurrency used to purchase the album was processed and converted to USD by a third party.
50 has come out to say that he didn’t deny the rumors because they made him look good, stating: “As a general matter, so long as a press story is not irreparably damaging to my image or brand, I usually do not feel the need to publicly deny the reporting… This is particular true when I feel the press report in question is favorable to my image or brand, even if the report is based on a misunderstanding of the facts or contains outright falsehoods.”
In related news, thieves are now using actual physical violence to get Bitcoin.