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.

Jun 8, 2021 at 4:13 a.m. UTC
Updated Sep 14, 2021 at 1:07 p.m. UTC

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.

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.

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.

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.