As low as $20 million, as high as over $1 billion, revealing the billion-dollar luxury mansion empire of crypto tycoons.
Written by: 1912212.eth, Foresight News
In the wild stages of any industry, there are always pioneers who stir up the early primitive phase and leap to become new billionaires. When they become the new elite, their lifestyles often become mysterious and luxurious, with mansions symbolizing their wealth and status.
Over the years, the explosive growth of the cryptocurrency market has created a group of new wealthy individuals. Crypto tycoons have accumulated vast fortunes by shaking up the industry. Their wealth is not only reflected in digital wallets but also transformed into top-tier mansions in the real world. Unlike traditional financial elites, these new crypto-rich individuals are often younger and more willing to showcase their wealth, with mansions serving as the best stage to display their success. From 2020 to 2025, the global luxury real estate market has continued to heat up due to post-pandemic privacy demands and low inventory, with crypto tycoons seizing the opportunity to acquire numerous high-priced properties. These mansions not only boast prime locations and luxurious designs but often come equipped with high-tech facilities, perfectly aligning with the crypto community's high demands for privacy and security.
Below, we will focus on the mansion transactions of several well-known figures in the crypto space, outlining their prices, locations, and unique features, giving you a glimpse into their luxurious residences.
Crypto Tycoons' Mansion Overview
EOS Founder BB: $172.8 million Italian Mansion
Brendan Blumer is the CEO of Block.one, the parent company of EOS, and the chairman of Bullish. He founded the online gaming virtual goods automated trading platform Gamecliff at the age of 14. In 2010, he launched Okay.com, creating a collaborative data-sharing ecosystem for the Asia-Pacific real estate market, which later developed into Hong Kong's largest digital real estate agency. In 2017, he co-founded Block.one with Dan Larimer (BM), focusing on blockchain technology development. Since the departure of founder BM, almost the entire core team of Block.one has been comprised of BB's people.
In March 2025, Italian media "L'Union Sarda" reported that he purchased the Romazzino villa for a record €160 million (approximately $172.8 million). Excluding the Villa Certosa, this transaction is the highest in the history of real estate in Sardinia and even Italy. The villa located in Romazzino is one of the most luxurious mansions on the Emerald Coast and was previously owned by former Saudi oil minister Ahmed Zaki Yamani.
The mansion boasts a 350-meter coastline, covers 2.3 hectares, and features 28 bedrooms, 35 bathrooms, spacious terraces, two private beach entrances, two exclusive docks, three swimming pools, and approximately 23,000 square meters of gardens and facilities.
Machi Brother: $25 million Los Angeles Bird Streets Mansion
Huang Licheng, also known as "Machi Brother," is a former rapper and tech entrepreneur. In 1991, Huang Licheng became a founding member of the popular/rap trio LA Boyz, gaining significant fame. LA Boyz was active from the early to late 90s, releasing 13 albums and gaining popularity in Asia before disbanding in 1997. After the success of LA Boyz, Huang Licheng formed the hip-hop group "Machi" in 2003, achieving further success. In 2017, Huang Licheng began venturing into the cryptocurrency field with Mithril. "Machi Brother" is one of the earliest NFT players with a certain trading scale and is a major holder of BAYC. Their trading frequency, NFT holdings, and selling prices can significantly impact the NFT trading market and the floor prices of blue-chip NFTs like BAYC.
In June 2023, Huang Licheng purchased a mansion in the famous Bird Streets community of Los Angeles for $25 million. This luxurious villa offers 14,000 square feet of spacious living, featuring a wine room, marble bar, and large gym, with 5 bedrooms and 8 bathrooms.
The mansion in Bird Streets was initially listed for $34 million and was just completed in early 2022. However, photos show that Machi Brother acquired it a year later for about 75% less than the asking price. He has become neighbors with other celebrities such as Foxconn founder Terry Gou, Winklevoss twins, and LVMH CEO Bernard Arnault.
Coinbase CEO: $133 million Los Angeles Mansion
Brian Armstrong is the co-founder and CEO of Coinbase, having previously worked at IBM, Deloitte, and Airbnb, where he gained experience in software development and payment systems. After encountering the Bitcoin white paper in 2010, he developed a strong interest in cryptocurrency and co-founded Coinbase with former Goldman Sachs trader Fred Ehrsam in 2012. Armstrong has led Coinbase to become the largest cryptocurrency exchange in the U.S., achieving a market valuation of $100 billion through a direct listing in April 2021. In 2024, Forbes estimated his net worth at $11.2 billion, ranking him second on the crypto billionaire list.
The villa cost $133 million. Located at 10671 Chalon Road, Los Angeles, CA 90077, this mansion spans nearly five acres and includes a 19,000-square-foot main house and a 6,600-square-foot guest house, featuring at least 10 bedrooms and 13 bathrooms. The estate is fully equipped with amenities, including a tennis court, two swimming pools, a car park, a home theater, a spa, and a gym.
The villa was designed by the renowned British architect John Pawson, known for his signature minimalist aesthetic. The design features a "stacked cube" structure, with large glass walls and simple interior decor complemented by spacious oak furniture, creating a modern and comfortable living environment. The villa was originally owned by Hideki Tomita, founder of the Japanese job placement agency Dip Corporation, who purchased the property for $85 million in 2018 and later sold it to Armstrong for $133 million. This transaction is considered one of the most expensive single-family residential transactions in Los Angeles history.
SBF: Over $240 million spent on more than 30 mansions in 2 years
FTX founder Sam Bankman-Fried (SBF) quickly built FTX with deep insights into the crypto market, once developing it into a top global cryptocurrency trading platform. However, at the end of 2022, FTX suddenly collapsed, drawing global attention. SBF was arrested on charges of misappropriating customer funds and fraud, becoming one of the most controversial figures in the crypto industry. After the collapse of FTX in 2022, SBF's mansions were listed as assets for bankruptcy liquidation and sold at significant discounts in 2023.
In June 2023, FTX creditors released a report stating that SBF misused customer deposits, spending over $240 million in the Bahamas over two years to purchase more than 30 multi-million dollar mansions for employees, friends, and family, including a $30 million purchase of a property named "Albany Orchid Penthouse" and a $16 million "Old Fort Bay Lot A."
The Orchid Penthouse is a 11,500-square-foot penthouse with 6 bedrooms and over 6 bathrooms, valued at $30 million. Before the collapse of FTX, SBF lived there with former FTX engineering chief Nishad Singh, co-founder Gary Wang, Ellison, and other FTX Group colleagues. This penthouse is one of only nine ultra-luxurious residences, featuring prominent arched floral screens that run along the entire wraparound terrace of the penthouse. The mansion boasts Venetian plaster walls, Italian marble decor, and German-engineered doors and windows, with high-tech features including a comprehensive home automation system and a security-coded private elevator.
Additionally, it features curved glass walls and a marble bar, with a combined living room, dining room, family room, library, and office. Besides the master suite, there are four guest suites, with the master suite featuring dual bathrooms, dual walk-in closets, and a private balcony with a hot tub. Outside the living room and dining room, there is a large terrace with a mosaic-tiled spa.
Curve CEO: $59.25 million for two mansions in Australia
Michael Egorov is the co-founder and CEO of Curve Finance, a leading decentralized stablecoin trading platform on Ethereum, known for its efficient, low-slippage automated market maker (AMM) mechanism. Egorov was born in Russia and has a PhD in physics, having previously engaged in research on quantum computing and cryptography. He served as the technical lead for the NuCypher project before transitioning to the DeFi space, focusing on solving the efficient exchange of stablecoins. Since Curve's launch in 2020, the platform has rapidly become an essential part of DeFi infrastructure. Although Egorov himself is extremely low-key, his influence in the DeFi community is profound, and he has often sparked controversy due to his concentrated control over protocol governance.
In May 2023, when Anna Egorova was revealed to be the buyer of the $41 million Melbourne mansion Avon Court, she set the record for the highest property transaction in Victoria this year. However, the partner of Michael Egorov, the CEO of the decentralized crypto protocol Curve Finance, is not new to making significant purchases in the Melbourne mansion market. Property records in the upscale Hawthorn area around Shakespeare Grove show that the Russian-born couple already owned a house next to Avon Court. Built in 1890, Avon Court spans 4,251 square meters. This landmark four-story Victorian mansion features an elevator, nine bedrooms, seven bathrooms, a gym, a steam room, two swimming pools, a playground, a mini soccer field, an underground garage for ten cars, and six kitchens.
Records indicate that they purchased this Italian-style two-story five-bedroom mansion—Verona—for AUD 18.25 million in March 2022, with a land area of 1,412 square meters.
The couple's total land holdings in the area have now increased to an astonishing 5,663 square meters. This is not the first time a multifaceted figure from the crypto space has shown a preference for large plots of land in Melbourne's top postal districts. Previously, crypto casino founder Ed Craven purchased a dilapidated mansion on St Georges Road in Toorak for AUD 80 million, with a land area of 7,187 square meters.
Huobi Founder Li Lin: Renting then Buying a Hong Kong Mansion for Over $100 Million
Li Lin is one of the founders of Huobi and one of the earliest entrepreneurs to enter the cryptocurrency field in China. He holds a bachelor's degree from Tsinghua University's Department of Automation and a master's degree from the Institute of Automation, Chinese Academy of Sciences. In 2013, Li Lin founded Huobi, transforming it into one of the world's leading cryptocurrency trading platforms. He later sold Huobi to Sun Yuchen and exited the business.
In August 2023, according to reports from Wu Shuo, the largest first-hand unit in Kowloon, Hong Kong, the villa C on Mid-Levels Dragon Horse Road has been purchased by Huobi founder Li Lin. Ming Pao reported that the property was sold in a rent-then-buy format, allowing for a rental period of 90 months, or approximately 7.5 years, starting from the 1st of this month. After completing the 7.5-year rental period, there is a three-month renewal option, after which the unit can be purchased for a subscription price of HKD 1 billion, calculated at a usable area of 11,692 square feet, equating to HKD 85,529 per square foot. If the final buyer exercises the HKD 1 billion subscription right, the transaction price may set a new record for first-hand mansion-style houses in Kowloon.
Summary
The luxury mansion craze among crypto tycoons not only reflects personal wealth but also mirrors the changes in the cryptocurrency industry. The crypto bull market from 2020 to 2022 made many people overnight millionaires, leading to a surge in mansion transactions. However, the collapse of platforms like FTX in 2022 also caused some tycoons' mansions to become liquidation assets. The trend of purchasing luxury mansions in the crypto space may cool down, but the allure of top-tier mansions will not disappear. In 2023, the rate of increase in global luxury mansion prices is twice that of non-luxury properties, and scarcity and low inventory will continue to drive prices up. For the new wealthy in the crypto space, mansions are not only a symbol of wealth but also a way to establish their status in the traditional world.
References:
https://www.unionesarda.it/news-sardegna/gallura/il-ragazzo-doro-delle-criptovalute-e-il-nuovo-proprietario-di-villa-romazzino-a-porto-cervo-q4wt7to4
https://foresightnews.pro/article/detail/36151
https://robbreport.com/shelter/celebrity-homes/
https://www.afr.com/property/residential/crypto-heavyweight-creates-a-59-25m-melbourne-compound-20230525-p5db5x
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