George Bachiashvili, a Georgian bitcoin financier, sells a Miami mansion for a record $51.5 million, according to multiple reports. The property had been bought in 2021 for about $19 million when it was still incomplete, and later developed into a luxury waterfront home. The mansion is listed at $55 million and sells in roughly 11 days.
Both outlets say Bachiashvili’s whereabouts are unclear. The New York Post adds that he leaves Tbilisi shortly before he is sentenced in absentia to 11 years in prison in 2025. The Times of India reports that his location remains undisclosed while he faces an ongoing legal saga.
Together, the reports focus on the rapid sale of the Miami property and the ongoing uncertainty around where Bachiashvili is currently based, linking the real estate transaction to legal proceedings that have played out without his presence.
