Unicoin has sealed a monumental $335 million deal for the acquisition of the Eden Grand Resort in Chonburi, Thailand. This transaction marks the largest-ever real estate purchase conducted with cryptocurrency.
Unicoin, known for mitigating the volatility of the crypto market through its asset-backed approach, is set to acquire a sprawling 64,000 square meter property that includes plans for a 6-story building and 150 villas, Unicoin said in a press statement.
The purchase will be executed using unicoins, in line with Unicoin’s strategy of acquiring real estate assets at 140% of their appraised value. Adnan, the current owner of the property, will receive 671,206,755 unicoins, valued at $335.6 million.
This landmark deal follows Unicoin’s previous record-breaking agreement with Electroquímica Del Neuquen S.A. in Argentina, valuing mineral rights at $210 million.
To facilitate the Thailand acquisition, Unicoin plans to establish a wholly-owned subsidiary in the country, with Mr. Adnan set to become the largest single holder of unicoins post-transaction.
Alex Konanykhin, CEO of Unicoin, stated, “Unicoin is a perfect asset tokenization tool for real estate developers, as, by pooling multiple properties in our portfolio, we may turn Unicoin into a leading crypto brand with staying power. As an assets-backed, publicly reporting, audited and SEC-compliant cryptocurrency, Unicoin may win a significant market share from the assetless cryptocurrencies of the First Wave and provide Mr. Adnan with a high return on his investment,” said Alex Konanykhin, CEO of Unicoin Inc.”
Unicoin’s growth strategy involves building a diversified portfolio of assets, including equity stakes in high-growth companies and real estate properties. Innovative fundraising programs, such as Buy Now, Pay Later and the 140% program, offer unique opportunities for property owners to acquire cryptocurrency.
The post Unicoin Strikes $335M Cryptocurrency Deal for Thailand’s Largest Luxury Resort Acquisition appeared first on SuperCryptoNews.