Pop Star Justin Bieber Buys Bored Ape NFT for $1.29 Million, Pays More Than 300% Above Floor

Pop Star Justin Bieber Buys Bored Ape NFT for $1.29 Million, Pays More Than 300% Above Floor

The Canadian singer Justin Bieber has purchased a Bored Ape Yacht Club (BAYC) non-fungible token (NFT) for 500 ethereum or $1.29 million at the time of settlement. Bieber has a significant collection of NFTs and his wallet holds 340.43 ether worth $879K. Justin Bieber Spends $1.29 Million in Ethereum for BAYC #3001

Justin Bieber spent 500 ethereum worth $1.29 million at the time of settlement on a Bored Ape Yacht Club (BAYC) NFT, according to a sale stemming from the NFT marketplace Opensea.

Bieber is a well known pop star with his popular seven-track EP “My World.” The 2009 album made Bieber the youngest solo male recording artist to make it into the U.S. Billboard 200 in 47 years. 13 years later, Bieber seems to be dabbling in cryptocurrencies and non-fungible token assets.

Bieber’s Opensea name is called “JustinBieberNFTS” and the BAYC he purchased was Bored Ape Yacht Club #3001. What was interesting about Bieber’s NFT acquisition was the fact that the BAYC’s floor price was 104 ether or $270,908 at the time of sale.

Moreover, while Bieber spent 500 ether the estimated value of BAYC #3001 on January 29, 2022, was $208,237. This means that the famous Canadian singer paid a whole lot more than what the market estimated the BAYC to be worth.

At the time of writing, the singer has around 340.43 ethereum worth $879K in the wallet he leveraged sitting idle. Bieber’s wallet also shows that he has a fascination for collecting NFTs and stats show the musician has 619 NFTs from 49 collections.

Bieber also owns a few fractions of the Doge NFT as well. While holding all those NFTs and even though he paid $1.29 million for BAYC #3001, the “estimated” worth of all of his NFTs today is $502,680, according to dappradar.com stats.

Other celebrity BAYC owners besides Justin Bieber include the Charlotte Hornets’ LaMelo Ball, NBA legend Shaquille O’Neal, Linkin Park’s Steve Aoki, comedian Jimmy Fallon, rapper Eminem, Travis Barker, and Paris Hilton. Tags in this story BAYC owners, Beats, Bieber, Bieber Crypto, Bieber Ethereum, Bieber NFTs, Bitcoin, Blockchain, Bored Ape Yacht Club, Canadian Singer, Celebrities, Celebs, Collectors, dappradar.com, Eminem, Ethereum Bieber, fans, Jimmy Fallon, Justin Bieber, Justin Bieber NFTs, Justin BieberNFTs, LaMelo Ball, nft, Opensea, Paris Hilton, Pop Star, Shaquille O’Neal, Steve Aoki

What do you think about Justin Bieber’s BAYC purchase? Let us know what you think about this subject in the comments section below. Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today. JPMorgan Lowers Its Bitcoin Fair Price Estimate to $38K Amidst Volatility NEWS | 2 days ago Barstool Sports Blog Founder Dave Portnoy Spends a "Cool Million" on 29 Bitcoin NEWS | 2 days ago

Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articlePosition Exchange: Crypto Bonds Powered by Smart Contracts Next articleValue Locked in Defi Climbs Higher, Polkadot TVL Spikes, Terra’s LUNA Sheds 21% Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItJoe Biden Claims Inflationary Pressure "Rests With the Federal Reserve," Praises the Fed"s "Extraordinary Support" 

On Wednesday, U.S. president Joe Biden explained that the country’s central bank was dealing with a large share of the inflationary pressures the American economy is dealing with today. Biden welcomes the possibility of tightening monetary easing and noted that ... read more.Mad Money"s Jim Cramer Warns About Dogecoin — Says DOGE Is a Security, SEC Will Regulate JPMorgan: Ethereum Losing Ground to Other Crypto in NFT Market Due to High Transaction Fees, Congestion Bank of Russia Proposes Wide Ban on Cryptocurrency Use, Trade, Mining Indonesian Religious Organization Issues Decree Forbidding Use of Crypto by Country"s Muslim Population