Techub, citing the New York Post, reported that Georgian Bitcoin investor Giorgi Bachiashvili sold his Miami mansion for $51.5 million in mid-August, with the property going under contract 11 days after listing. Bachiashvili previously served as an aide to former Georgian Prime Minister Bidzina Ivanishvili and was accused of misappropriating Ivanishvili’s crypto assets. According to the report, he was sentenced in absentia to 11 years in prison in March 2025 over the allegations. It also said he was abducted back to Georgia from Abu Dhabi in May, later released in February this year after a plea deal, and is currently missing. The home was bought in 2021 for $19 million while still unfinished, then completed with the help of South African design firm SAOTA. Located on Hibiscus Island, the property includes five bedrooms, a private cinema, a swimming pool, and two docks that can accommodate 105-foot yachts.
Techub News, citing the New York Post, reported that Georgian Bitcoin investor Giorgi Bachiashvili sold his Miami mansion for $51.5 million in mid-August. The property sold 11 days after it was listed.
Crypto misappropriation case
Bachiashvili previously worked as an aide to former Georgian Prime Minister Bidzina Ivanishvili. He was accused of misappropriating Ivanishvili’s crypto assets. According to the input, he was sentenced in absentia to 11 years in prison in March 2025 over the case.
The report said he was abducted back to Georgia from Abu Dhabi in May, then released in February this year after a plea agreement. His current whereabouts are unknown.
Property details
Bachiashvili bought the home in 2021 for $19 million, when the building was still unfinished. South African design firm SAOTA was later hired to complete the project.
The mansion is located on Hibiscus Island and has five bedrooms, a private cinema, a pool, and two docks capable of accommodating 105-foot yachts.
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