Investor Grant Cardone sold his mansion in Golden Beach for 400 BTC, rejecting any fiat payments. The transaction was completed in just 72 hours. This is one of the largest real estate deals fully settled in Bitcoin.
Grant Cardone, an entrepreneur and Bitcoin supporter, listed his Miami villa for sale at the end of August. He announced that he would only accept BTC as payment. The property was valued at 400 BTC. At the current price, that is approximately $43 million. The mansion is located in Golden Beach, Florida, with a total area of more than 1,200 square meters.
At the exchange rate of around $107,700 per 1 BTC, the asking price comes to about $43 million, matching the market value of the property. At Bitcoin’s peak near $124,000, the same listing would have been worth around $50 million.
Cardone has repeatedly stated that he views Bitcoin as a high-potential asset and a hedge against inflation. In 2024, he openly said he would rather hold wealth in BTC or income-generating real estate than in luxury mansions.
By listing the house exclusively for Bitcoin, he effectively proposed a direct swap of a digital asset for a liquid physical resource. This reflects the growing convergence between cryptocurrency and the real estate market, where deals are increasingly executed through platforms with blockchain verification and automated compliance.
Legal Aspects and Market Trend
Even with the rise of such deals, legal risks remain. High-value transactions require source-of-funds checks and compliance with AML/KYC rules, though specialized platforms are gradually addressing this gap.
Cardone is not the first to complete a major property deal in Bitcoin. In 2017, Didi Taihuttu’s family, known as The Bitcoin Family, sold a house for 100 BTC. At the time, the price was $300,000. Today, that same house would be worth about 2.7 BTC.
A New Level of Crypto Integration in Real Estate
Cardone’s deal may serve as another signal to investors, showing a real transformation in capital allocation strategies. A clear trend is emerging: digital assets are beginning to function as a full-fledged settlement unit in the market for high-value transactions.
This post is for informational purposes only and is not advertising or investment advice. Please do your own research before making any decisions.