Biggest Known Bitcoin Purchase – a $500 000 Villa

There are many expensive lots on BitPremier, but the recent acquirement of a 3000-square-foot villa is not only the priciest of them but also one of the largest known transactions of Bitcoin.

11 Total views
0 Total shares
Biggest Known Bitcoin Purchase – a $500 000 Villa

There are many expensive lots on BitPremier, but the recent acquirement of a 3000-square-foot villa is not only the priciest of them but also one of the largest known transactions of Bitcoin.


The Villa

The villa is stated in Bali, Idonesia at deLMango Villa Estate. The design is a beautiful transition from the inner space of the house to the outside. In addition to a couple of bedrooms and bathrooms the complex also features a swimming pool and dining pavilion.

However, because of Indonesian law, the committed act of trade is not exactly a purchase but a long-term lease. Although the buyer remains anonymous, it is known that he/ she was among the first who saw value in Bitcoin in the US and that he will rent the place to tenants instead of living there his/ herself.


Big Numbers

If we exclude the largest transaction that was made to one wallet (the BitStamp’s 194,933 BTC audit), then we can assume that this is currently the biggest one there is. The previous cryptocurrency purchase on a similar scale was the acquisition of the Tesla Model S, at a price of $103 000.

When I hear about news like this, I have exactly three thoughts. First, the buyer mined Bitcoin when no one knew what in the hell it was. Second, someone bought a great deal of Bitcoin in his time and when the price for it began to fall, he or she decided to get rid of it with class. And finally, why weren’t the woolly mammoth tusks bought?


Links:

 

×

Hottest Bitcoin News Daily

For updates and exclusive offers, enter your e-mail below.