their buy in was at the $10 mark mainly i think. they've been at it for five years now and arrived long before many people here. they definitely ain't johnny come latelys.
If they bought $11M worth of bitcoin around $10/btc, then they would have a million bitcoin.
Impossible, no way in hell that they have 1 million bitcoin worth over $1T.
Unless I'm confused and they had $11M worth of bitcoin in 2013 at $120/btc?? That would mean that they only invested like $1.1M in 2012 at $10/btc, giving them ~100K bitcoin.
1 million would be $1 billion, not $1 trillion.
However, I believe that the number the claimed is 21000 or 1/1000th of the supply limit. 0.1%
Yeah, had a brain fart on that calc, typed a T instead of a B. But I think I answered my own question, they must have invested around $1M or so in 2012.