In an unprecedented move showcasing a hefty investment in Australia’s property market, Curve Finance(CRV) CEO Michael Egorov and his wife Anna have made a grand purchase in the heart of Melbourne, according to Financial Review. They’ve managed to acquire not one, but two stately mansions, amalgamating an impressive landholding of 5663 square metres.
The significant size of their newly consolidated property underscores the Egorov’s bullish stance on Melbourne’s luxury housing market. The financial details of the acquisitions have not been made public, but given the premium location and the large combined land size, the transaction is likely to be one of the highest this year in Melbourne’s high-end property sector.
As one of the leading figures in the decentralized finance industry, Egorov’s recent real estate acquisitions have gained significant attention. Curve Finance, the firm that Egorov heads, is a prominent player in the cryptocurrency sector. It is known for its decentralized exchange for stablecoin trading, which has grown in popularity among crypto traders worldwide.
This move may fuel speculation about whether the Egorov’s see the Australian property market as a safe investment haven amid the volatility of the cryptocurrency world. Alternatively, their purchase could signal a potential interest in exploring more real estate-based blockchain initiatives.
Melbourne’s property market has been a hotspot for high-profile buyers in recent years, particularly from international investors. The city is renowned for its quality of life, making it an attractive destination for affluent individuals and families worldwide. The Egorov’s recent acquisitions add to a list of illustrious investors in Melbourne’s thriving real estate scene. Further details about the purchased properties, including their exact location, architectural features, and the couple’s plans for their new landholding, remain undisclosed.
This article was originally reported on Blockchain News.