The medium The Wall Street revealed that Armstrong bought a house in Los Angeles for a whopping $133 million.
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The CEO of Coinbase is an American company that operates a cryptocurrency exchange platform. Brian Armstrong, bought a $133 million property in Los Angeles, according to people familiar with the deal, people familiar with the deal toldThe Wall Street Journal. The transaction, which was completed in December, is one of the single-family home sales most expensive projects ever completed in the Los Angeles area.
The seller was a limited liability company affiliated with Japanese businessman Hideki Tomita, who bought the property for $85 million in 2018, records show.
The residence is located in Bel-Air.
Coinbase is the largest cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. in the United States and the first major cryptocurrency-focused company to make the list.
For his part, Armstrong is the latest in a string of major cryptocurrency executives who have bought major homes in upscale U.S. markets in recent months. Jonathan Yantis, co-founder of NFT non-fungible tokens (NFTs) are cryptocurrencies that do not possess the property of fungibility. Blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. Worldwide Asset eXchange, recently purchased an approximately 70-acre property outside of Denver for $12.5 million.
From millionaire to millionaire
The Bel-Air property that Armstrong acquired was previously owned by the daughter of the billionaire heir of Seagram, Charles Bronfman, informó The Wall Street Journal. At the time of the sale in 2018, it sprawled over 4.6 acres and included an approximately 19,000-square-foot (about 1,765 square meters) minimalist-style mansion designed by British architect John Pawson, as well as a 5-bedroom guest house designed by Paul Williams on an adjoining plot . .
The design of the main house, which has five bedrooms and was built in 2009, looks like cubes stacked on top of each other, with the upper part hanging over the lower level, says the media outlet Heromag. It has a theater, gym, spa and double-height dining room.
Armstrong, one of the earliest enthusiasts of the Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. became one of the richest people in the world earlier this year when he became one of the richest people in the world earlier this year when he Coinbase was made public in April, reportedThe Wall Street Journal. According to the list Forbes, of crypto millionaires of the world, he would be the second richest after Sam Bankman-Fried, owner of the e xchange FTX . Armstrong owns 19% of the company Coinbase. Its estimated net worth is USD $11.5 billion.
You can learn more about Armstrong in this story .
Sources:The Wall Street Journal, Heromag , Coindesk, archivo
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Imagen de Unsplash (Los Angeles reference)
