Scooter Braun, the manager of Justin Bieber, Ariana Grande and Demi Lovato, has sold his mansion in Texas for Bitcoin. The media mogul received $18.5M worth of BTC for the sale. This is the largest cryptocurrency real estate deal in Texas.
Mansion sold for Bitcoin
Cryptocurrencies are becoming quite popular in the real estate sector. A recent report from the Wall Street Journal revealed Braun’s sale. The mansion has been purchased by the CEO of Tierion, Wayne Vaughan. Tierion is a technology company that adopts blockchain technology for data verification and business processes.
The mansion in question is in Lake Austin, on a two-acre property. The mansion is 7,400 square feet, with six bedrooms, seven bathrooms and other luxurious amenities.
This is not the first crypto deal in the Texas real estate sector. Tony Buzbee, the former mayoral candidate for Houston, has also listed his property in Texas for $27.5 million. He stated that Bitcoin would be accepted as a payments option. If someone buys this property in crypto, it will be the latest crypto transaction in the real estate sector.
Use of crypto in real estate
In June 2021, a deluxe penthouse in Miami beach was bought for $22.5 million worth of cryptocurrencies. The property was situated at Arte Surfside, a posh building that also hosts the daughter of the former US president, Ivanka Trump.
Currently, this is the most expensive property that has been acquired through digital assets. None of the other penthouses in Miami beach has ever been sold for high prices, with the average cost estimated at $4450.50 per square foot.
At the time, one of the developers of the penthouse, Alex Sapir, stated that crypto deals were safe and that more people were planning to acquire condos through cryptocurrencies.
“There is strong pent-up demand for cryptocurrency transactions that are seamless and secure for both parties, and the deal at Arte is a prime example of that. We were overwhelmed by the amount of calls we received from qualified buyers,” he said.
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