Billionaire Adam Weitsman Purchases Fire Ghost NFT from Ghost Labs

Billionaire scrap metal entrepreneur Adam Weitsman continues to expand his involvement in the non-fungible token space through bulk acquisitions and intellectual property acquisitions. In another bullish move, the scrap metal giant acquired a series of rare non-fungible tokens from digital asset incubation studio Ghost Labs.

Billionaire Adam Buys More NFTs

In a blog post on January 21, billionaire Adam Weitsman confirmed that he had purchased a collection of rare Fire Ghost NFTs. “The non-fungible token market has been so brutal these days that we thought we’d help by supporting another NFT project that might be of more interest,” Adam wrote. The billionaire investor purchased a 1/1 ‘Fire Ghost’ NFT from digital asset incubation studio Ghost Labs.

The market has been pretty brutal today, so I thought I’d help out by supporting another NFT project that I think deserves a bit more attention. I’ve been having a lot of fun recently being part of this really great community. 1/1 Fire Ghost @GhostLabNFT now… pic.twitter.com/NZYf531VYu

— Adam’s Middamnency (@Ataminasman) January 21, 2026

Billionaire Adam Weitsman is a famous industrialist, entrepreneur, investor, philanthropist, and cryptocurrency investor. The most recent estimates from his business and entertainment financial outlet put Adam Weitsman’s net worth at around $1.2 billion to $1.5 billion, with some outliers reporting lower or higher figures. Adam serves as CEO of “Weitsman Recycling,” which has become the largest private scrap metal recycling company on the East Coast.

Scrap meta mogul Adam Weitsman officially entered the NFT market in early 2023, with a notable $1.6 million purchase. To support the Metaverse project, Adam significantly increased his NFT holdings by acquiring 5,000 Otherside NFTs, including Otherdeeds and Kodas, directly from Yuga Labs and 229 Meebits through over-the-counter transactions. He also actively manages the intellectual property of the HV-MTL project. Last week, Adam purchased 100 Quirkies in a private transaction.

Billionaire Adam’s motivations for purchasing NFTs

Unlike many traders in the NFT space, Adam Weitsman isn’t looking for flipping or profits. He said he has never sold an NFT in his life, doesn’t believe in selling, and never will. In past press releases, Weitsman has emphasized that his acquisitions are about “legacy, not liquidity” and that he prioritizes the preservation of digital culture over short-term financial gain. “I collect because I love art, people and the history that is being made. For me, collecting is about legacy, not liquidity,” he said.

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