Mysterious Bitcoin investor quickly sells Miami mansion for $51.5M as his whereabouts remain unknown

A 41-year-old Georgian Bitcoin investor and financier whose life reads like a John Le Carré spy novel has sold his just-built Miami mansion on guard-gated Hibiscus Island for $51.5 million.

The sale is a record for Hibiscus and Palm islands, surpassing a 2024 sale, when “mysterious Miami party boy” Daniel Liburdi paid $40.25 million for 101 North Hibiscus Drive.

Before listing this property, Giorgi “George” Bachiashvili fled Tbilisi, Georgia shortly before he was sentenced in absentia to 11 years in prison on March 10, 2025, for allegedly embezzling cryptocurrency from his former boss — Georgia’s most powerful man, Bidzina Ivanishvili, the former prime minister. Bachiashvili denied the charges and called them politically motivated.

Bachiashvili was then allegedly abducted from Abu Dhabi on May 24, 2025, and brought back to Georgia, where he was imprisoned by his ex-boss. His sentence was suspended following a plea deal, and he was released from prison after less than a year, in February.

Bachiashvili’s whereabouts remain secret, his lawyer, Peter J. Sahlas, of Amsterdam & Partners, told Gimme Shelter.

In mid-August, around six months after his release from prison, Bachiashvili listed this Miami home for $55 million. It sold 11 days later to a mystery buyer for $51.5 million.