Coinbase CEO Brian Armstrong is just the latest cryptocurrency billionaire to purchase a lavish home as currencies like Bitcoin continue to draw a following.

The chief executive of a major crypto trading platform has purchased a sprawling Bel Air property for $133 million, The Wall Street Journal reports.

Coinbase CEO Brian Armstrong in December bought the two-home Los Angeles estate from a company linked to Japanese businessman Hideki Tomita, according to records the newspaper reviewed.

The property features two massive homes. The first is a five-bedroom, 6,600-square-foot home that might nearly qualify as a mansion itself. 

But that building is merely the guest house. The property’s primary residence is a sleekly modern, multistory mega-home encompassing 19,000 square feet of interior space.

The newspaper reports British architect John Pawson designed the mansion, which features a theater, tennis court, multiple pools, gym and spa. Its master suite includes a hot tub and fire pit. Paul Williams designed the guest home.

At $133 million, the deal is one of the priciest ever in L.A. Just three years ago, the previous owner bought the property for $85 million.

That’s a big jump, but Armstrong could afford to pay the premium. 

The Coinbase platform Armstrong co-founded in 2012 has undergone substantial growth in the crypto space. After the company went public in April and weathered the ups and downs of the months that followed, Armstrong’s net worth is now thought to exceed $10 billion, according to a Forbes estimate.

Armstrong, 38, was the richest crypto billionaire on Forbes’ 2021 list.

The Bel Air estate had been previously owned by Ellen Bronfman Hauptman, one of the wealthy heirs to the Seagram fortune, according to the Journal’s reporting.

Hideki Tomita, the property’s most recent owner, is CEO of Dip Corporation, a job-search agency.

Armstrong is only the latest in a line of cryptocurrency moguls to make bank amid the sustained popularity of currencies such as Bitcoin. Worldwide Asset eXchange co-founder Jonathan Yantis snagged a massive estate in Colorado last month for $12.5 million, according to the Journal.

Architectural Digest published photos of Armstrong’s Pawson-designed primary mansion in 2017. View their slideshow here.

Email Daniel Houston

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription