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US Luxury Penthouse Sells for Record-Breaking $22.5M in Crypto
As per confidentiality agreements, the buyer and the type of cryptocurrency used to make the purchase have not been revealed.
An anonymous buyer has snatched up a multi-million dollar penthouse in Miami Beach, Fla., smashing world records for the most expensive real estate purchase ever paid in cryptocurrency.
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According to a report by Forbes on Monday evening, the purchase was conducted on May 27. The sale price also represents the most a Miami Beach property has sold per square foot, at $4,440.50/SF.
Because of confidentiality agreements, the buyer and the type of cryptocurrency used to make the purchase have not been revealed.
See also: TechCrunch Founder’s Apartment to Be Sold as NFT
The full-floor penthouse, located on the 9th floor, boasts four bedrooms, four bathrooms and a 2,960-square-foot terrace with oceanfront views. The exclusive boutique condo was designed by Italian architect and industrial designer Antonio Citterio.
The deal closed in less than 10 days, setting a separate record for finalizing a deal for both buyer and seller, Forbes reported.
Sebastian Sinclair
Sebastian Sinclair is the market and news reporter for CoinDesk operating in the South East Asia timezone. He has experience trading in the cryptocurrency markets, providing technical analysis and covering news developments affecting the movements on bitcoin and the industry as a whole. He currently holds no cryptocurrencies.
