US Luxury Penthouse Sells for Record-Breaking $22.5M in Crypto

US Luxury Penthouse Sells for Record-Breaking $22.5M in Crypto

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, conducted on May 27, the sale price also represents the most a Miami Beach property has sold for per square foot at $4,440.50/SF.

As per 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, who is known for his complex projects.

The deal closed in a breakneck speed of less than 10 days, setting a separate record for finalizing a deal for both buyer and seller, Forbes reported.