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  • Writer's pictureKyle

This Private Equity Firm Purchased A Rare Bored Ape Earlier Today For $204K USD

After purchasing a diamond grill Bored Ape over the weekend, this private equity firm made waves at the swamp on Tuesday after it purchased a rainbow grin primate.

BAYC member J17.Eth, AKA Private Equity Firm J17 Capital, purchased Bored Ape #7985 for 150 Eth or 2$04,000 USD early Tuesday morning.

Bored Ape #7985 is a seven-trait dark brown fur primate with a pimp coat, a beanie, and a multicolored grin. Based on these traits, Bored Ape #7985 is the 988th most rare ape, according to Rarity Tools.

“Aped in again,” J17 Capital Founder @RH__0729 tweeted following his firm’s purchase. “After the (diamond emoji) teeth it’s time for the (rainbow emoji) teeth. Nice trade with @Therealtarzan7. I will take care of him!!”

After today’s purchase, j17 Capital is now the 29th largest BAYC holder with an Ape portfolio worth at least 2,703.8 Eth or $3,677,000 USD, according to Evaluate. Market.

Check out the firm’s BAYC collection below:

Bored Apes aren’t J17’s only Yuga Labs NFTs, the firm also holds five Mutant Apes, nine Otherdeeds, two Bored Ape Kennel Club Dogs, a Meebit, and a CryptoPunk, according to Opensea data.

J17’s recent shopping spree may just be getting started based on the amount of Eth the firm has at its disposal. At the time of this article’s publication, J17 had a wallet net worth of 1613.21 Eth or $2,189,000 USD, according to Etherscan.

The Bored Ape Gazette will continue to follow J17 and will let you know what the firm does next!

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