Chinese Whale Buys Fleet of Cars Worth £4 Million with Litecoin

When browsing social media, you might be forgiven for thinking that the bitcoin community is all about Lambos. However, a cryptocurrency user is proving his interests are more diverse by purchasing an entire fleet of F1 supercars.

Used F1 For Sale, Second Hand from a Racer

A Chinese individual has agreed to purchase four rare F1 cars, worth around £ 4 million in total, from the UK’s Heritage F1 dealer. The sale, subject to standard verification, will be completed entirely in litecoin.

The flagship car of the fleet is the 2011 Sauber Ferrari C30, driven by Kamui Kobayashi (fifth place with the car at the Monaco Grand Prix), as well as the Mexican driver Sergio Pérez. The vehicle has a carbon fiber body, a 2,400cc V8 engine and a seven-speed carbon fiber semi-automatic gearbox.

All four cars are said to be fully race-friendly and track-worthy, but they should also appreciate value as investments.

Luxury Investments

The deal with F1 was orchestrated by London-based gallery owner Eleesa Dadiani, whom we talked about in July. Her gallery offers buyers the opportunity to purchase artwork using bitcoin, ethereum, ethereum classic, ripple, litecoin, or dash.

Eleesa Dadiani, founder of Dadiani Syndicate, commented: “We are very excited to sell these exquisite cryptocurrency machines. Cryptocurrency is not just about ‘getting rich’, it’s about facilitating trade and investment in a more transparent and decentralized way. ”

Mike O’Connor, founder of Heritage F1, added: “The sale of this impressive collection of Formula 1 cars, in cryptocurrency, will set a new precedent and open up a whole new international market for us. There is a growing demand for the purchase of luxury crypto assets and we are confident that this sale, in partnership with Dadiani Syndicate, is only the first of many to come. “