A beachside section for sale on Papamoa Beach in Tauranga could become New Zealand's first property sale to be settled with Bitcoin.
The listing marks a fresh attempt to complete a real estate transaction in cryptocurrency in New Zealand, following earlier efforts where property ultimately changed hands in traditional currency after crypto offers were unsuccessful. In this case, the vendor, Vinnie Gardiner, said his expertise in both Bitcoin and financial markets set the stage for a different outcome.
Gardiner commented on the listing, stating, "This is about more than just a section by the beach. It's about showing what Bitcoin can do and why it matters. Despite years of resistance from regulators and banks, Bitcoin is sitting near all-time highs. It's proven its resilience and it's fast becoming a global asset that can't be ignored."
Gardiner previously launched what he describes as New Zealand's first Bitcoin PIE (Portfolio Investment Entity) fund, known as the Vault International Bitcoin Fund, in 2021. That fund was later rebranded as the Bitcoin PIE Fund and, according to Gardiner, was successfully sold in May 2025. Drawing on this experience, Gardiner views property transactions completed in Bitcoin as a logical next development in the country's real estate market.
He explained, "Governments, banks, and central banks are printing money out of thin air. Meanwhile, Bitcoin holders are looking for ways to put their gains into real assets such as real estate. I believe we'll see more and more property sales settled in Bitcoin as this asset class continues to move mainstream."
Legal and technical barriers have previously proved prohibitive for crypto property deals. To address these, Gardiner said the transaction is being supported by legal advisors with experience in cryptocurrency transactions, including crypto law experts from Swarbricks. In addition, Easy Crypto, which is described as New Zealand's largest cryptocurrency retail platform, could assist in facilitating the deal if required.
"My hunch is that there will be plenty of Bitcoin holders who see the appeal of turning some of their 'digital gold' into a beachside section with strong future potential. As for me? I'm HODLing*."
He also clarified that these are his personal views, and not to be taken as financial advice. Gardiner stated, "Buying property or Bitcoin carries risks, and anyone interested should make their own decisions with proper advice."
