June 25, 2021

A Lot Of Expensive Cryptocurrency Real Estate Purchase: $22.5 Million Miami Penthouse

2 min read

An anonymous purchaser paid the record-breaking $22.5 million in digital assets to obtain a luxurious penthouse in Miami Beach. The offer became the most costly recognized residential transaction paid with crypto.

The Pearl of Arte Surfside Sold for Crypto

In a current news release, Forbes announced that a private purchased an exclusive oceanfront condominium situated in the Surfside community in Miami for the gigantic amount of $22.5 million. The purchaser used cryptocurrencies to get the residential or commercial property, which is part of the posh building Arte Surfside. However, it’s not revealed what kind of cryptocurrency the buyer has actually utilized. This move represented the most expensive deal ever to be paid by doing this.

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Courtesy of Arte It is worth keeping in mind that no other property in Miami beach has ever been cost such a high rate per square foot – –$4,450.50/ SF. Interestingly, Donald Trump’s daughter – – Ivanka – and – her – spouse – Jared Kusher – own the penthouse on the leading floor in the very same structure. Alex Sapir, who, together with Giovanni Fasciano, established Arte Surfside, asserted that offers of this type are really safe. He included that increasingly more people wish to acquire other condos from the building with digital properties:

“There is strong pent-up need for cryptocurrency deals that are smooth and safe and secure for both parties, and the deal at Arte is a prime example of that. We were overwhelmed by the quantity of calls we received from qualified buyers.”

In his turn, Fasciano noted that the purchase represented a big accomplishment for the whole property industry in Miami and praised the benefit of the cryptocurrencies:

“We are making Miami realty history with this sale. Cryptocurrency is the future of wealth, and our company believe this is only the start.”

Property Companies Accepting Crypto

The record-breaking purchase for $22.5 million comes approximately one month after Arte Surfside announced it would start accepting digital assets as a method of payment for its luxurious residential or commercial properties.

Earlier this year, the property giant – – Caruso – exposed it would enable its tenants to pay rent with bitcoin. The company partnered with the cryptocurrency exchange founded by the Winklevoss twins – – Gemini. Moreover, Caruso announced it entered the BTC space with an undisclosed financial investment.

The Argentinean e-commerce marketplace – – Mercado Libre – likewise joined the pattern. It noted many homes, homes, townhouses, lots, land, and other residential or commercial properties in Buenos Aires, Santa Fe, and Cordoba that can be bought with the main cryptocurrency.

Featured image courtesy of Arte