Scooter Braun – an American media mogul and the manager of Justin Bieber, Ariana Grande, and Demi Lovato – reportedly sold his luxurious property in Texas for $18.5 million worth of bitcoin. The deal marked the biggest cryptocurrency real estate transaction in the state’s history.
A house in exchange for bitcoin
Similar to other market niches, cryptocurrencies have become an important feature of the real estate industry. According to a recent Wall Street Journal coverage, the latest prominent person to sell his property for digital assets is American investor and media owner – Scooter Braun.
Better known as the manager of music stars, including Justin Bieber, Ariana Grande, and J Balvin, he sold his luxurious home in Austin, Texas, for $18.5 million worth of bitcoin.
The buyer is Wayne Vaughan – CEO of Tierion. The latter is a technology company that uses blockchain to verify any data, file, or business processes on a global scale.
The mansion sits on nearly two acres of property on Lake Austin and measures 7,400 square feet. It has six bedrooms, seven bathrooms and many luxurious facilities such as a huge beachfront and a large terrace with swimming pool.
Not long ago, Tony Buzbee – former Houston mayoral candidate – listed his Texas residence for $27.5 million as he revealed bitcoin is among the accepted payment methods. Assuming someone pays that amount in crypto, it will become the most expensive transaction conducted this way.
The current record
In June of last year, an anonymous buyer bought a luxury Miami Beach penthouse for $22.5 million in cryptocurrencies. However, the type of assets was not disclosed.
The condominium is part of the posh building Arte Surfside, where Ivanka Trump (the daughter of America’s former President) resides with her husband.
Along with being the most expensive property ever acquired for digital assets, the deal broke another record. No other penthouse in Miami Beach has ever sold for such a high price per square foot – $4,450.50/SF.
Commenting on the matter back then was Alex Sapir – one of Arte Surfside’s developers. He asserted that deals of this type are very safe and added that more and more people want to acquire other condos from the building with cryptocurrencies:
“There is strong pent-up demand for transparent and secure cryptocurrency transactions for both parties, and the Arte deal is a great example of this. We have been overwhelmed by the number of calls we have received from qualified buyers.
