Cryptocurrencies

MIT Bitcoin Experiment Nets 13,000% Windfall for Students Who Held On

Those who cashed out are left with an expensive lesson in regret.

Mary Spanjers, a Houston software engineer, shows the value of her Bitcoin.

Photographer: Callaghan O'Hare/Bloomberg
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Mary Spanjers has a winning lottery ticket, tucked away in a drawer, uncashed. It’s an artifact of her freshman year of college seven years ago at the Massachusetts Institute of Technology. She took advantage of a free offer of something strange and new: cryptocurrency. One-third of a Bitcoin, to be exact. It was worth $100.