From On-chain to Off-plan: What Do the Lavish Mansions of Crypto Elites Look Like?
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From On-chain to Off-plan: What Do the Lavish Mansions of Crypto Elites Look Like?
Unveiling the Billion-Dollar Luxury Real Estate Empire of a Crypto Tycoon.
Navigating Web3 tides with focused insightsText: 1912212.eth, Foresight News
In the early days of any industry, pioneers often leverage the primitive stage to make waves and rise rapidly, becoming new billionaires overnight. Once they ascend into the elite class, their lifestyles often transform into something mysterious and luxurious—mansions become symbols of their wealth and status.
Over the years, the explosive growth of the cryptocurrency market has created a new generation of wealthy individuals. Crypto tycoons have accumulated vast fortunes through market movements. Their wealth is not only reflected in digital wallets but also materialized into top-tier mansions in the physical world. Unlike traditional financial elites, crypto millionaires tend to be younger and more willing to display their wealth openly—luxury homes serve as the ultimate stage for showcasing success. From 2020 to 2025, the global luxury real estate market continued to heat up due to heightened privacy demands post-pandemic and low housing inventory. Crypto magnates seized the opportunity, snapping up numerous high-value properties. These mansions feature prime locations, opulent designs, and advanced technological amenities, perfectly aligning with crypto insiders’ high demands for privacy and security.
Below, we examine several prominent figures in the crypto space and their luxury home purchases, detailing prices, locations, and unique features to offer a glimpse into their extravagant lifestyles.
Crypto Tycoons' Luxury Homes Roundup
BB, Founder of EOS: $172.8 Million Italian Villa
Brendan Blumer is CEO of Block.one, the company behind EOS, and chairman of Bullish. At age 14, he founded Gamecliff, an automated trading platform for virtual items in online games. In 2010, he launched Okay.com, building a collaborative data-sharing ecosystem for Asia-Pacific real estate that later became Hong Kong’s largest digital property agency. In 2017, he co-founded Block.one with Dan Larimer (BM), focusing on blockchain technology development. After BM's departure, Block.one’s core team became almost entirely composed of Blumer’s appointees.
In March 2025, Italian media outlet L'Union Sarda reported that Blumer purchased the Romazzino villa for a record-breaking €160 million (approximately $172.8 million). Excluding the sale of Villa Certosa, this transaction marks the highest-priced real estate deal in the history of Sardinia—and all of Italy. Located on the exclusive Costa Smeralda, the Romazzino villa was formerly owned by Ahmed Zaki Yamani, former oil minister of Saudi Arabia.
The estate boasts 350 meters of coastline, spans 2.3 hectares, and includes 28 bedrooms, 35 bathrooms, spacious terraces, two private beach accesses, two private docks, three swimming pools, and approximately 23,000 square meters of gardens and supporting facilities.
Machi Big Brother: $25 Million Los Angeles Bird Streets Mansion
Andrew Huang, better known as "Machi Big Brother," is a former rapper and tech entrepreneur. In 1991, he co-founded LA Boyz, a pop-rap trio that rose to fame across Asia during the 1990s with 13 album releases before disbanding in 1997. Following this success, Huang formed the hip-hop group Machi in 2003, which also achieved significant popularity. In 2017, he entered the crypto space via Mithril. A pioneer among high-volume NFT traders, he is also a major holder of Bored Ape Yacht Club (BAYC) NFTs. His trading frequency, NFT holdings, and sales prices significantly influence the broader NFT market and floor prices of blue-chip collections like BAYC.
In June 2023, Huang acquired a luxury mansion in the prestigious Bird Streets neighborhood of Los Angeles for $25 million. The expansive 14,000-square-foot villa features a wine cellar, marble bar, large gym, five bedrooms, and eight bathrooms.
The mansion was originally listed at $34 million and had just been completed in early 2022. However, photos indicate that Huang secured the property about a year later at roughly 75% below the asking price. He now neighbors other high-profile figures such as Terry Gou, founder of Foxconn; the Winklevoss twins; and Bernard Arnault, CEO of LVMH Group.
Coinbase CEO: $133 Million Los Angeles Estate
Brian Armstrong is co-founder and CEO of Coinbase. He previously worked at IBM, Deloitte, and Airbnb, gaining experience in software development and payment systems. After reading the Bitcoin whitepaper in 2010, he developed a strong interest in cryptocurrencies. In 2012, he co-founded Coinbase with Fred Ehrsam, a former Goldman Sachs trader. Under Armstrong’s leadership, Coinbase grew into the largest cryptocurrency exchange in the U.S. It went public via direct listing in April 2021, briefly reaching a market capitalization of $100 billion. In 2024, Forbes estimated his net worth at $11.2 billion, ranking him second on the cryptocurrency billionaires list.
The estate cost $133 million. Located at 10671 Chalon Road, Los Angeles, CA 90077, it spans nearly five acres and includes a 19,000-square-foot main residence and a 6,600-square-foot guest house, with at least 10 bedrooms and 13 bathrooms. The property offers full amenities, including a tennis court, two swimming pools, a motor court, home theater, spa, and fitness center.
The villa was designed by renowned British architect John Pawson, celebrated for his signature minimalist aesthetic. Featuring a “stacked cube” structure, large glass walls, and simple interiors paired with spacious oak furnishings, the design creates a modern yet comfortable living environment. Originally owned by Hideki Tomita, founder of Japanese job-search firm Dip Corporation, who bought it for $85 million in 2018, the property was later sold to Armstrong for $133 million. This transaction is considered one of the most expensive single-family home sales in Los Angeles history.
SBF: Over $240 Million Spent on More Than 30 Mansions in Two Years
Sam Bankman-Fried (SBF), founder of FTX, rapidly built FTX into one of the world’s leading cryptocurrency exchanges through deep market insight. However, FTX collapsed suddenly at the end of 2022, drawing global attention. SBF was arrested on charges including misappropriation of customer funds and fraud, becoming one of the most controversial figures in the crypto industry. After FTX’s collapse in 2022, his real estate assets were placed into bankruptcy liquidation and sold at steep discounts in 2023.
In June 2023, FTX creditors released a report stating that SBF misused customer deposits to spend over $240 million within two years purchasing more than 30 multi-million-dollar mansions in the Bahamas for employees, friends, and family. This included a $30 million penthouse named “Albany Orchid Penthouse” and the “Old Fort Bay Lot A,” valued at $16 million.
The Orchid Penthouse is an 11,500-square-foot penthouse apartment with six bedrooms and more than six bathrooms, priced at $30 million. Before FTX’s collapse, SBF shared this residence with former FTX engineering head Nishad Singh, co-founder Gary Wang, Ellison, and other FTX Group colleagues. One of only nine ultra-luxury units, its standout feature is an arched filigree screen extending across the wraparound terrace. The unit features Venetian plaster walls, Italian marble finishes, German-engineered windows and doors, and high-tech elements including a comprehensive home automation system and a secure-coded private elevator.
Additional features include curved glass walls and a marble bar, along with combined living room, dining area, family room, library, and office spaces. Besides the master suite, there are four additional guest suites. The master suite includes dual bathrooms, dual walk-in closets, and a private balcony with a personal hot spring. On the large terrace outside the living and dining areas sits a mosaic-tiled spa.
Curve CEO: Two Australian Mansions Worth $59.25 Million
Michael Egorov is co-founder and CEO of Curve Finance, a leading decentralized stablecoin exchange on Ethereum, known for its efficient, low-slippage automated market maker (AMM) mechanism. Born in Russia, Egorov holds a PhD in physics and began his career researching quantum computing and cryptography. He previously served as technical lead at NuCypher before transitioning into DeFi to tackle challenges in efficient stablecoin swapping. Since Curve’s launch in 2020, the platform has quickly become a cornerstone of DeFi infrastructure. Although Egorov maintains an extremely low public profile, his influence within the DeFi community is profound, though his centralized control over protocol governance has sparked recurring debates.
In May 2023, Anna Egorova was revealed as the buyer of Avon Court, a Melbourne mansion valued at 41 million AUD—a record-high transaction in Victoria state for that year. However, she is not new to big-ticket purchases in Melbourne’s luxury market. Property records around Shakespeare Grove in the upscale Hawthorn district show that the Russian-born couple already owned the house adjacent to Avon Court. Built in 1890 and spanning 4,251 square meters, Avon Court is a landmark four-story Victorian-style mansion equipped with an elevator, nine bedrooms, seven bathrooms, a gym, steam room, two swimming pools, a playground, a mini soccer field, an underground garage for ten vehicles, and six kitchens.
Records show the couple purchased Verona, a two-story, five-bedroom Italian-style villa with a land area of 1,412 square meters, for 18.25 million AUD in March 2022.
Their total landholding in the area now reaches an impressive 5,663 square meters. They are not the first crypto figure drawn to large plots in Melbourne’s most exclusive neighborhoods. Earlier, Ed Craven, founder of a crypto casino, purchased a dilapidated mansion on St Georges Road in Toorak for 80 million AUD, sitting on a 7,187-square-meter plot.
Leon Li, Huobi Founder: Rented Then Bought Hong Kong Mansion for Over HK$1 Billion
Leon Li is a co-founder of Huobi and one of China’s earliest entrepreneurs in the cryptocurrency space. He holds a bachelor’s degree from Tsinghua University’s Department of Automation and a master’s degree from the Institute of Automation at the Chinese Academy of Sciences. In 2013, he founded Huobi, growing it into one of the world’s leading digital asset trading platforms. He later sold Huobi to Justin Sun and exited completely.
In August 2023, according to Wu Shuo, the C-type courtyard villa at Tiwai on Lung Cheung Road, one of the largest newly built residential compounds in Kowloon, Hong Kong, was purchased by Leon Li. According to Ming Pao, the property was sold under a rent-to-own arrangement, allowing a 90-month lease (about 7.5 years), starting from the first day of the month. After completing the 7.5-year lease term, the tenant gains a three-month renewal option, followed by the right to purchase the unit for a subscription price of HK$1 billion. Based on a usable area of 11,692 square feet, the effective price per square foot is HK$85,529. If the buyer exercises the HK$1 billion purchase option, the final sale could set a new record for standalone luxury homes in Kowloon’s primary market.
Summary
The trend of crypto tycoons buying luxury homes reflects not only personal wealth accumulation but also the evolution of the cryptocurrency industry. The bull markets between 2020 and 2022 made many instant millionaires, fueling a surge in mansion purchases. However, the 2022 collapse of platforms like FTX turned some of these mansions into liquidation assets. While the frenzy may cool slightly, the appeal of top-tier properties remains strong. In 2023, luxury home prices globally rose twice as fast as non-luxury homes, and scarcity and low inventory will continue to drive prices upward. For the new crypto elite, mansions are not just symbols of wealth—they are a way to establish presence and legitimacy in the traditional world.
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