Bitcoin entrepreneur

Bitcoin entrepreneur Kain Warwick adds Bronte digs to $33m housing stockpile

PHOTO: The contemporary Bronte house sold for $12.2 million to Kain Warwick. Photo: Supplied

Bitcoin entrepreneur Kain Warwick is proving to be one of the eastern beaches’ best buyers in the wake of the cryptocurrency boom, securing luxury houses from North Bondi to Tamarama and now Bronte for a total of $33.25 million.

The most recent purchase by the 40-year-old founder of derivatives trading platform Synthetix is the Bronte home of online gambling website founder Joshua Chan for $12.2 million – rumoured to be a home for his parents, Allana and Kim Warwick, the latter of whom is the renowned tennis legend and six-time grand slam champion.

Warwick’s purchase in a company name he owns with his wife Raphaella almost triples the $4.55 million Chan paid for the house in 2012 and was well above the $9.5 million guide offered by Raine & Horne’s Ric Serrao and PPD’s Alexander Phillips.

Kain Warwick
Kain Warwick has written a blockchain protocol that has helped spur a global crypto craze. Photo: Edwina Pickles

Chan, the founder of one of the largest online gambling information and player feedback sites LCB (Latest Casino Bonuses), is heading to Bondi Beach, where he made his own first impression on Sydney’s high-end property market when he paid an auction record high of $20.1 million for the penthouse of yachtsman James Mayo in March.