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Author Topic: [2014-08-09] Lake Tahoe Property Sells for $1.6 Million in Bitcoins  (Read 587 times)
ganabb
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August 09, 2014, 02:32:42 AM
 #1

http://online.wsj.com/articles/lake-tahoe-property-sells-for-1-6-million-in-bitcoins-1407534997?mod=WSJ_LatestHeadlines

 Brian Hull, Martis Camp's director of sales, said the buyer was a "Silicon Valley entrepreneur," but declined to disclose his name. He said the buyer purchased the land through a trust, and plans to build a home on the site.

The idea to pay for the Tahoe property with bitcoins came from the buyer, said Mr. Hull. "When we originally heard the idea of bitcoin, everybody had a little pause," he said. "We weren't educated at how the transaction would go."

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August 09, 2014, 07:10:43 AM
 #2

I am unable to read the article because of the Paywall. If anyone is having premium access, then inform me about the following:

1. Was the listing made in Bitpremier?
2. Did they used Bitpay to process the payment?
3. Was the buyer an US citizen?

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August 09, 2014, 07:20:10 AM
 #3

Not the most expensive thing bought with BTC sofar, is it?

I saw some expensive cars being bought and other property sales. And one of the payment processors using BTC announced single transactions above $ 1 000 000 a while ago.

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