New York Post: Mysterious Bitcoin Investor Bachiashvili Sells Miami Mansion for $51.5M

The American publication New York Post reports that Georgian businessman Giorgi Bachiashvili has hastily sold his Miami mansion. In mid-August, roughly six months following his release from prison, Bachiashvili listed the villa for sale, setting an all-time record for Hibiscus and Palm Islands, where the property is situated.

“The 41-year-old Georgian bitcoin investor and financier, whose life reads like a John le Carré spy novel, sold his newly completed Miami mansion on the gated Hibiscus Island for $51.5 million.”

The New York Post notes that Bachiashvili previously fled Tbilisi shortly before he was sentenced in absentia on March 10, 2025, to 11 years in prison for allegedly misappropriating cryptocurrency belonging to his former boss—Georgia’s “most powerful man,” former Prime Minister Bidzina Ivanishvili. The entrepreneur denied the allegations, characterizing them as politically motivated.

“Bachiashvili was then allegedly kidnapped from Abu Dhabi on May 24, 2025, and brought back to Georgia, where he was imprisoned by his former boss. His sentence was suspended following a plea deal, and he was released from prison less than a year later, in February,” the outlet reports.

At the same time, Giorgi Bachiashvili’s current whereabouts remain confidential, his attorney Peter J. Sahlas of the firm Amsterdam & Partners told reporters.