Curve Finance CEO Spends $41 Million On A New Melbourne Mansion

This extravagant purchase is not the first time the couple has invested in Melbourne’s trophy homes. In March last year, they purchased a two-story, five-bedroom Italianate mansion, Verona, on 1412 square meters for $18.25 million. With the addition of Avon Court, their combined landholding now totals an impressive 5663 square meters.

The interior of Verona

The Avon Court mansion is a landmark four-level, lift-connected Victorian mansion with nine bedrooms, seven bathrooms, a gymnasium, a steam room, two swimming pools, a playground, a mini soccer field, a 10-car basement garage, and six kitchens. The sprawling estate is located in the blue-chip Shakespeare Grove area of Hawthorn, one of Melbourne’s most exclusive postcodes.

Avon Court

It is not the first time a crypto polymath has coveted a large slice of Melbourne’s most exclusive postcodes. Ed Craven, the founder of a crypto casino, made headlines with his $80 million purchase of a 7187 square-meter derelict mansion on Toorak’s St Georges Road. The Avon Court purchase represents a significant upsize from the couple’s neighboring property.

The property was sold through Kay & Burton’s Grant Samuel, alongside co-agent Chen Sun of Ascend. Both agents declined to comment on the recent sale or buyers, citing a nondisclosure agreement. Michael Egorov is based in Switzerland, so whether the couple intends to connect the properties and create a sprawling Australian base or upgrade over the fence is still being determined.

The Egorovs’ purchase of Avon Court is a testament to the growing popularity of cryptocurrencies as an investment. As the CEO of the decentralized crypto protocol Curve Finance, Michael Egorov has made a name for himself in the crypto world. The purchase of Avon Court is a clear indication of the success of his endeavors. This real estate investment undoubtedly adds to the couple’s already impressive portfolio.

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