Share this article
Two NYC Bars Could Be Yours for Only 25 Bitcoin or 800 Ether: Report
The bar owner says he's hoping "to catch one of these crypto dudes who always wanted to own a bar."
Updated Sep 14, 2021, 10:53 a.m. Published Jan 10, 2021, 5:33 p.m.
Make us preferred on Google
A New York City bar owner is selling his business for bitcoin and ether , which could make it the first cryptocurrency-only restaurant sale in the U.S.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- According to the New York Post, owner Patrick Hughes has put the bars Hellcat Annie's and Scruffy Duffy's up for sale and is accepting bitcoin and ether as a form of payment.
- Saying he's hoping "to catch one of these crypto dudes who always wanted to own a bar,” Hughes says he's willing to sell both businesses for around 25 BTC or 800 ETH, which are each valued at around $975,000 at the time of publication.
- "Crypto is on fire, it's a hot currency," Hughes told the Post.
- Though still uncommon, purchasing high-end property and real estate using cryptocurrencies is nothing new. In 2018, a beef salesman–turned–early bitcoin adopter from China’s Shanxi province, Guo Hongcai, funneled parts of his wealth out of the country by purchasing real estate abroad.
- Hongcai sold 500 BTC in the U.S. and then used that money to buy a 100,000-square-foot mansion in Los Gatos, Calif., a 90-minute drive from San Francisco.
- As for Hughes, while the bar owner says he's only received a few casual offers, he's convinced crypto is the future. "The next crisis, you won't have to run out and buy toilet paper," he told the Post. "You can just use your dollars."
Read more: New York Moves to Lure Crypto Startups as BitLicense Turns Five
CORRECTION (Jan. 10, 18:47 UTC): Corrects headline to reflect it's two bars being sold.
More For You
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
What to know:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
More For You
Circle’s biggest bear just threw in the towel, but warns the stock is still a crypto roller coaster
Circle’s rising correlation with ether and DeFi exposure drives the re-rating, despite valuation and competition concerns.
What to know:
- Compass Point’s Ed Engel upgraded Circle (CRCL) to Neutral from Sell and cut his price target to $60, arguing the stock now trades more as a proxy for crypto markets than as a standalone fintech.
- Engel notes that CRCL’s performance is increasingly tied to the ether and broader crypto cycles, with more than 75% of USDC supply used in DeFi or on exchanges, and the stock is still trading at a rich premium.
- Potential catalysts such as the CLARITY Act and tokenization of U.S. assets could support USDC growth, but Circle faces mounting competition from new stablecoins and bank-issued “deposit coins,” and its revenue may remain closely linked to speculative crypto activity for years.
Top Stories
