Scrap Metal Billionaire Adam Weitsman Acquires Rare Fire Ghost NFT Collection

Billionaire industrialist Adam Weitsman has acquired a rare 1/1 Fire Ghost non-fungible token from digital asset studio Ghost Labs, marking another significant addition to his growing NFT portfolio ^[1].

In a January 21 social media post, the scrap metal entrepreneur stated he wanted to support an NFT project deserving more attention during what he described as a "brutal" market day ^[1]. Weitsman, whose net worth is estimated between $1.2 billion and $1.5 billion, serves as CEO of Weitsman Recycling, the largest privately held scrap metal recycling operation on the East Coast ^[1].

Since entering the NFT market in early 2023 with a $1.6 million purchase, Weitsman has amassed substantial holdings including 5,000 Otherside NFTs from Yuga Labs, 229 Meebits acquired through an over-the-counter transaction, and most recently, 100 Quirkies purchased last week in a private deal ^[1].

Unlike typical NFT traders, Weitsman has never sold a digital asset and maintains he never will. He has previously stated his acquisitions focus on "legacy, not liquidity," emphasizing his interest in preserving digital culture and supporting communities rather than pursuing short-term financial returns ^[1].