Lake Tahoe Property Sells for $1.6 Million in Bitcoins

“The 1.4-acre acre home site has views of the Pacific Crest, a surrounding mountain range. It is located in Martis Camp, a private luxury recreational resort in Truckee, Calif. The 2,177-acre resort, near Lake Tahoe’s north shore, has a Tom Fazio golf course, a 44-seat movie theater and an ‘aerial adventure park’ with rope courses and a zip line.  Brian Hull, Martis Camp’s director of sales, said the buyer was a ‘Silicon Valley entrepreneur,’ but declined to disclose his name. He said the buyer purchased the land through a trust, and plans to build a home on the site.  BitPay, an online-merchant processor that operates similarly to PayPal or Worldpay, handled the Tahoe transaction.”

http://online.wsj.com/articles/lake-tahoe-property-sells-for-1-6-million-in-bitcoins-1407534997

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