Scooter Braun, an American media mogul and manager of Justin Bieber, Ariana Grande and Demi Lovato, sold his luxurious Texas estate for $18.5 million in bitcoin. The deal marked the largest cryptocurrency real estate transaction in state history.

A house in exchange for Bitcoin

Just like other niche markets, cryptocurrencies have become an important feature in the real estate business. According to recent coverage by the Wall Street Journal, the latest notable person to sell his property for digital assets is American investor and media owner Scooter Braun.

Best known as the manager of music stars including Justin Bieber, Ariana Grande and J Balvin, he sold his lavish home in Austin, Texas for $18.5 million in 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 process on a global scale.

The mansion is located on a nearly two-acre property on Lake Austin and is 7,400 square feet. It has six bedrooms, seven bathrooms and many luxurious facilities, such as a large promenade and a large terrace with a swimming pool.

Not long ago, Tony Buzbee, a former Houston mayoral candidate, listed his Texas residence at $27.5 million when he revealed that Bitcoin is among the accepted payment methods. Assuming someone pays that amount in crypto, it will become the most expensive transaction done this way.

the current record

In June of last year, an anonymous buyer purchased a luxury Miami Beach penthouse for $22.5 million in cryptocurrency. However, the type of assets was not disclosed.

The condo is part of the elegant Arte Surfside building, where Ivanka Trump (the daughter of the former US president) resides with her husband.

In addition to being the most expensive property ever acquired for digital assets, the deal broke another record. No other Miami Beach penthouse has ever sold for such a high price per square foot: $4,450.50/SF.

Alex Sapir, one of the developers at Arte Surfside, commented on the matter at the time. He asserted that businesses of this type are very safe and added that more and more people want to acquire other condominiums in the building with cryptocurrencies:

“There is a strong pent-up demand for cryptocurrency transactions that are transparent and secure for both parties, and the Arte deal is a prime example of that. We are overwhelmed by the number of calls we are receiving from qualified buyers.”

Featured image courtesy of Billboard

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This post Justin Bieber’s Manager Sold His Mansion for $18.5 Million in Bitcoin: Report

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