Georgian crypto investor nets $51.5M profit on Miami mansion sale

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Georgian Bitcoin financier George Bachiashvili has sold his Miami waterfront mansion for $51.5 million, netting a record profit on the deal. He had originally purchased the unfinished property for $19 million in 2021 before converting it into a luxury estate. The home was listed at $55 million in August and found a buyer within just 11 days. The sale comes amid an ongoing legal saga surrounding Bachiashvili, whose current whereabouts are reportedly unknown.

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