Cryptocurrency billionaire ‘buys $83m California mansion outfitted with two panic rooms’

A “cryptocurrencybillionaire” has ensured they will be safely protected at home – with the purchase of a $83m mansion outfitted with two panic rooms.

The purchase of the Pacific Palisades mansion, which marks the second-most-expensive residential sale in California this year, according to real estate website Dirt, also provides the new owner with 20,000 sq ft of space, six bedrooms, 18 bathrooms, and a retractable roof.

According to Dirt, real estate sources revealed that the unidentified new owner of the property, which boasts a chef’s kitchen designed by Nobu, a theatre, an infinity pool, and a spa, made their fortune from “cryptocurrency holdings” and purchased the home in an off-market deal.

And, if the two panic rooms didn’t offer enough protection, the home, which was built by developer Ardie Tavangarian and listed by Branden and Rayni Williams of the Beverly Hills Estates and Judy Feder of Hilton & Hyland, also reportedly includes a master bedroom accessible with a retinal scanner.

Interestingly, while the steep price of the home isn’t rare for California, it is impressive for the Westside of Los Angeles, where the purchase has set a new record.

Prior to the purchase, Dirt notes that the high-tech mansion was available to rent for $350,000 a month.

Although the identity of the new owner has not been shared, Forbes estimates that there are 12 cryptocurrency billionaires worldwide, an increase from just four in 2020.

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