, ▁the ▁pit ▁held ▁a ▁pir ate ▁tre asure ▁buried ▁by ▁Captain ▁K idd ; ▁K idd ▁and ▁Henry ▁A very ▁reported ly ▁took ▁tre asure ▁together , ▁and ▁Oak ▁Island ▁was ▁their ▁community ▁bank . ▁Another ▁pir ate ▁theory ▁involved ▁Edward ▁Te ach ▁( Black be ard ), ▁who ▁said ▁that ▁he ▁buried ▁his ▁tre asure ▁" where ▁none ▁but ▁Sat an ▁and ▁myself ▁can ▁find ▁it ." ▁ ▁Tem pl ars , ▁M asons , ▁or ▁Inc as ▁seeking ▁to ▁squ ir rel ▁their ▁tre asure ▁away ▁from ▁Spanish ▁conquist adors ▁may ▁have ▁created ▁the ▁M oney ▁Pit , ▁according ▁to ▁William ▁S . ▁Cro oker . ▁But ▁Cro oker ▁stated ▁it ▁was ▁more ▁likely ▁that ▁British ▁engine ers ▁and ▁sail ors ▁d ug ▁the ▁pit ▁to ▁store ▁lo ot ▁acquired ▁in ▁the ▁British ▁invasion ▁of ▁Cuba , ▁during ▁the ▁Seven ▁Years ' ▁War , ▁val ued ▁at ▁about ▁£ 1 , 0 0 0 , 0 0 0 ▁pounds . ▁ ▁Other ▁possible ▁explan ations ▁include ▁the ▁pit ▁being ▁d ug ▁by ▁Spanish ▁sail ors ▁to ▁hold ▁tre asure ▁from ▁a ▁w reck ed ▁g alle on ▁or ▁by ▁British ▁troops ▁station ed ▁there ▁during ▁the ▁American ▁Revolution . ▁ ▁John ▁God win ▁wrote ▁that ▁given ▁the ▁apparent ▁size ▁and ▁complexity ▁of ▁the ▁pit , ▁it ▁was ▁probably ▁d ug ▁by ▁French ▁Army ▁engine ers ▁hiding ▁the ▁tre as ury ▁of ▁the ▁Fort ress ▁of ▁Louis bourg ▁after ▁British ▁forces ▁captured ▁the ▁for tr ess ▁during ▁the ▁Seven ▁Years '