In June 2021, a penthouse in Surfside, Fla., sold for $22.5 million in cryptocurrency. Now, with crypto markets coming back to earth, that same buyer has resold at a loss for $18 million—this time for cash.
Be the first to know about the biggest and best luxury home sales and listings by signing up forIn June 2021, when the cryptocurrency markets were soaring, the developers of the Arte condominium in Miami’s Surfside neighborhood announced that a
buyer had purchased a penthouse there for $22.5 million in cryptocurrency. The deal, one of the most expensive ever done using digital coins, was heralded as evidence that cryptocurrency would eventually become commonplace in the real-estate world.
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