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    Home»Crypto News»Bananas, Bugattis, and Lavish Mansions: How Crypto Millionaires Spend Their Fortunes
    Bananas, Bugattis, and Lavish Mansions: How Crypto Millionaires Spend Their Fortunes
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    Bananas, Bugattis, and Lavish Mansions: How Crypto Millionaires Spend Their Fortunes

    By Crypto EditorMay 17, 2025No Comments5 Mins Read
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    Bananas, Bugattis, and Lavish Mansions: How Crypto Millionaires Spend Their Fortunes

    Crypto buying and selling, usually related to substantial volatility and dangers, has created a brand new class of millionaires and billionaires who’ve made their fortune via strategic investments. Whereas their success tales dominate headlines, the methods these people deploy their digital fortunes reveal a spectrum of ambition, extravagance, and eccentricity.

    From extravagant artwork purchases that defy logic to large investments in automobiles and actual property, these people are redefining what it means to spend huge. Right here’s a have a look at among the methods crypto millionaires have splashed their digital money.

    Justin Solar

    TRON founder Justin Solar has grabbed world consideration a number of instances for his high-profile acquisitions. In November 2024, Solar spent $6.2 million on a banana. 

    Properly, particularly, a banana duct-taped to a wall. He acquired the paintings, titled ‘Comic’ by Italian artist Maurizio Cattelan, at a Sotheby’s public sale in New York.

    Initially bought for 35 cents from Shah Alam, a 74-year-old Bangladeshi immigrant working close to Sotheby’s, the banana’s worth surged via Cattelan’s conceptual artwork.

    Solar, whose web price is $8.5 billion in accordance with Forbes, didn’t simply purchase the piece for present. He later ate the banana throughout a press convention in Hong Kong.

    “Many mates have requested me in regards to the style of the banana. To be sincere, for a banana with such a again story, the style is of course completely different from an strange one,” Solar wrote on X.

    Furthermore, in March 2021, he bought a Beeple non-fungible token (NFT) for $6 million. Later that yr, in November 2021, Solar purchased the Alberto Giacometti sculpture Le Nez at Sotheby’s for $78 million.

    Nonetheless, this acquisition turned embroiled in a heated authorized dispute. In February 2025, Solar sued media mogul David Geffen, alleging his former worker stole and bought the sculpture to Geffen for $65.5 million with out his consent. In the meantime, in April 2025, Geffen’s countersuit labeled Solar’s claims a “sham” tied to crypto market woes.

    Solar’s spending extends past artwork. In December 2021, he outbid rivals by paying $28 million for a seat on Blue Origin’s first spaceflight, owned by Jeff Bezos. Regardless of profitable the bid, which benefited space-related charities, scheduling conflicts prevented Solar from taking part within the launch.

    Carl Runefelt (Carl Moon)

    Carl Runefelt, well known by his on-line alias Carl Moon, is a Swedish crypto investor and social media influencer. He rose from being a grocery store cashier to a multi-millionaire crypto influencer in Dubai.

    Runefelt publicly paperwork his millionaire crypto way of life, sharing it together with his 1.5 million followers on X, round 245,000 followers on Instagram, and 360,000 subscribers on YouTube. His social media presence is dominated by shows of luxurious, together with hypercars, personal jets, and high-end watches, making him a poster boy for the “crypto bro” way of life. 

    Amongst his notable acquisitions is a Bugatti Veyron, which he reportedly bought for $2 million.

    “I give up my grocery store job as a cashier again In November 2018. Now, 3 years later I’m driving a Bugatti Veyron in Dubai. What’s the following automobile I can purchase?” Runefelt wrote in a 2022 put up on Instagram.

    In January 2024, Runefelt added a $300,000 G-Wagon to his automobile assortment. In September that yr, he splurged $800,000 on a Ferrari. Furthermore, in February 2025, he expanded his automobile investments with 4 extra Ferraris price $4 million.

    Runefelt additionally owns a customized $1 million Jacob & Co. watch and a $140,000 Patek Philippe Nautilus, amongst different costly acquisitions. These purchases mirror his prosperous way of life, fueled by his cryptocurrency success, and kind a part of his technique to encourage followers via seen wealth.

    Ed Craven

    Ed Craven is an Australian billionaire and co-founder of Stake.com, a cryptocurrency-based on-line on line casino, and Kick, a live-streaming platform. He has a web price of $2.4 billion, primarily from Stake’s success. 

    The platform, launched in 2017 with Bijan Tehrani, is now one of many world’s largest offshore crypto casinos. Notably, in 2025, Craven appeared on Forbes’ listing of the youngest billionaires. He’s one in every of solely two self-made billionaires beneath 30.

    Craven has used his cryptocurrency wealth for lavish but sensible purchases. He owns one in every of Australia’s costliest houses on St George’s Highway, Toorak, which he bought for $80 million. He additionally purchased a $38.5 million property on Orrong Highway and owns multimillion-dollar houses in Southbank and Mount Macedon.

    Craven’s spending additionally extends to sports activities. He dedicated $100 million to rename the Alfa Romeo System One group because the “Stake F1 Group Kick Sauber.”

    Whereas actual property dominates his portfolio, his sports activities investments spotlight a strategic use of wealth to raise private and company status, aligning together with his entrepreneurial imaginative and prescient.

    Disclaimer

    In adherence to the Belief Challenge pointers, BeInCrypto is dedicated to unbiased, clear reporting. This information article goals to offer correct, well timed data. Nonetheless, readers are suggested to confirm information independently and seek the advice of with an expert earlier than making any choices primarily based on this content material. Please observe that our Phrases and Circumstances, Privateness Coverage, and Disclaimers have been up to date.





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