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The $8M house that Bitcoin will buy

Need a place to store all the loot you've bagged with Bitcoin? How about a mansion?


Kevin Collier


Posted on Dec 16, 2013   Updated on May 31, 2021, 11:44 pm CDT

Say you’re rich in Bitcoin, have a taste for the ostentatious, love being a footnote in history, but you missed the opportunity to become the first person to buy a Lamborghini with the peer-to-peer currency.

Thankfully, you can still get a mansion in Vegas.

Casino owner Jack Sommer, who says his sons are big fans of the pseudonymous cryptocurrency, told local news that he’ll accept Bitcoin as payment for his 25,000 square foot mansion.

And to be clear: when we say ostentatious, that’s what we mean. “This house was an exercise in how many cool details we could put in,” Sommer told the Las Vegan Review Journal. It oversees a golf course, has marble imported from three continents, and covers 25,000 square feet.

It’s going for $7.85 million, or, by today’s Bitcoin rate, about 9,080 BTC.

It’s not unheard of for someone to pay for their digs with Bitcoin; some apartments in New York City, for example, take it for rent or full purchase. But Sommer’s mansion, were the transaction to go through, would likely be the biggest by a long shot.

“There are a bunch of people who have bitcoins, and they’re dying for a place to spend it,” Sommer said.

Photo by kenlund/Flickr

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*First Published: Dec 16, 2013, 2:42 pm CST