I'm a regular reader of high-end real estate blogs, so frequently see these types of purchases. I don't begrudge anyone for being wealthy (so far they made money legally and "ethically"), but I like imagining what I could alternatively do with such sums.

For example, look at this beautiful school campus in Russia - https://archive.ph/z5x01/26aa0da221582b152ab472fafafe811a483.... It was built at cost of $80 million [1].

But, somewhere across the world, someone spends way more than that on an individual home. It gets more real than that...Marc Andreessen (also a major Coinbase shareholder) spent $177 million on a Malibu manse, dropped $45 million on a second one, and $34 million on a third one [2]...Jeez

1- https://archive.ph/z5x01

2 - https://www.dirt.com/gallery/moguls/tech/marc-andreessen-hou...

There is no limit to the spend 10-30% on your home rule of thumb of portfolio allocations I guess. Your home has some features of self custody that bitcoin enthusiasts would appreciate. some people even buy islands in Hawaii as homes.

While simultaneously, Coinbase says that "managing the burn rate" is a primary reason for layoffs. If my eyes rolled any harder they'd be popping out of their sockets.

Imagine what the burn rate is on maintaining a property with 25,0000 square feet of living space that sits on 4.5 acres of hilltop land in place that gets quite hot and is currently experiencing a mega drought.

this man bought a minecraft home for 133M dollars