What Does a Billionaire's NFT Strategy Tell Us About Buying Digital Assets in 2025?

In a market where sentiment has turned decidedly bearish, billionaire collector Adam Weitsman continues to demonstrate unwavering conviction in digital collectibles. His recent strategic moves—particularly a massive over-the-counter acquisition of 229 Meebits—offer valuable lessons for anyone considering how to buy NFTs during downturns.

When Others Retreat, This Collector Doubles Down

The acquisition of 229 Meebits represents one of 2025’s largest single NFT transactions. Created by Larva Labs in 2021, Meebits comprises 20,000 unique tokenized 3D pixel characters originally designed for metaverse use. This deal marks the collection’s largest known transaction to date, yet it occurred during what Weitsman describes as “one of the bleakest days in the market”—a deliberate choice that reveals his contrarian investment philosophy.

“I tend to act when the market is filled with negative sentiment,” Weitsman explained in recent comments. His timing wasn’t coincidental; cryptocurrency and NFT prices were simultaneously collapsing, creating the exact conditions where conviction investors distinguish themselves from speculators.

A Portfolio Reflecting Deep Web3 Commitment

Weitsman’s buying spree extends beyond Meebits alone. Earlier this year, he acquired 5,000 Otherdeed lands alongside giant Koda and weapon Koda assets from Yuga Labs’ Otherside metaverse game—all purchased directly from the project team rather than secondary markets. This $10+ million commitment to a single project underscores a philosophy fundamentally different from typical NFT trading.

His portfolio reveals a pattern: in 2025 alone, Weitsman acquired intellectual property rights to CryptoDickbutts and HV-MTL, catalyzing revivals of both dormant projects. These weren’t speculative flips but strategic acquisitions designed to breathe new life into abandoned communities.

The Art of Collecting, Not Trading

What separates Weitsman from the traders who populated NFT marketplaces during the 2021-22 bull run? He has never sold a single NFT and explicitly rejects the profit-maximization mindset that once defined the space.

“I collect NFTs because I love the artworks, the creators behind them, and the history being made,” he stated. “For me, it’s about legacy, not making money.”

The 229 Meebits purchased include exceptionally rare specimens: skeleton series #16803 (only 57 ever issued), an elephant #367 wearing skeleton apparel, and a human #7063 sporting an ultra-rare Punk T-shirt. For Weitsman, these weren’t investments—they were additions to a cultural archive.

Why Meebits? Timing and Team Confidence

Weitsman’s attraction to Meebits carries personal weight. “They were what first brought me into the Web3 space,” he revealed. The acquisition simultaneously expresses confidence in current leadership, particularly MeebCo CEO Sergio Silva, who acquired Meebits’ intellectual property from Yuga Labs earlier in 2025.

“Sergio is one of the most reliable people, whether as a partner or a friend,” Weitsman said. Silva reciprocated the sentiment, noting that Weitsman’s philosophy on NFT collecting “reminds us of our original intention for entering this space: making friends, building community, and supporting creators we trust.”

The transaction was facilitated by Fountain Digital representatives Charles Katz and Noah Davis, with MeebCo representing the buyer side. While the purchase price remained undisclosed, the deal signals market confidence during an extended bear phase.

A Model for Understanding NFT Market Resilience

Despite trading volumes declining sharply from 2021-22 peaks and high-value transactions becoming rare, the core NFT ecosystem persists. Collectors, artists, and entrepreneurs continue building products, developing narratives, and fostering communities around digital assets—indifferent to short-term price volatility.

“I believe those who have persisted—artists, collectors, entrepreneurs—are the core that keeps this sector alive,” Weitsman observed. “This ecosystem is built on creativity and community, and that’s what I want to protect.”

His commitment runs deep enough that he publicly announced additional planned acquisitions on secondary markets throughout 2025, particularly supporting projects he deems culturally significant.

The Bigger Picture

As markets mature through cycles of euphoria and despair, collectors like Weitsman exemplify a shift from speculation toward curation. His approach to acquiring NFTs emphasizes relationship-building, creator support, and long-term cultural value rather than timing price movements.

For participants considering how to navigate digital asset acquisition in uncertain markets, Weitsman’s track record suggests a counterintuitive strategy: act decisively when conviction aligns with despair, support teams you trust, and remember that in nascent mediums, the collectors who matter most are those building legacy, not extracting quick profits.

“Everyone I’ve met in this space is extremely positive,” Weitsman concluded. “I hope to continue contributing to that positive atmosphere.”