A Greenline yacht in the water - which was bought entirely with bitcoin

Bitcoin has been used to buy a Greenline 45 Coupe. The use of bitcoin and other cryptocurrencies for luxury goods like superyachts has been growing but is far from mainstream. Mainly, according to an internet search (admittedly brief), bitcoin is used for items like online goods including electronics, travel (there’s a site that offers booking flights, hotels and cars) luxury items (think Rolex, and Lamborghini) and some restaurants (both Pizza Hut and Starbucks accept bitcoin via third-party apps). Oh yes and then there’s gift cards which can be spent with retailers like Amazon and iTunes (who don’t directly accept it).

In 2025, Luxury Launches reported that a $16 million warship inspired superyacht had been bought using crypto. This came shortly after Denison Yachting announced the sale of a 134-foot superyacht to be built at Aegean Yachts facilities in Bodrum, Turkey . . . purchased using cryptocurrency. And prior to that, in 2022, Benetti’s 132-foot motor yacht Oryx was purchased for $12 million using bitcoin. Plus, earlier this year Twin Vee said it would start to accept bitcoin.

Now Greenline Yachts is getting in on the act.

“We have been allowing customers to pay in bitcoin since 2018, but this is the first one to take us up on it,” says Greenline owner Vladimir Zinchenko. “We have got close a couple of times, but never cleared the final hurdle. This time it was different, and the transaction proceeded very smoothly. We would welcome future payments in cryptocurrency.”

The deal was inked at boot Düsseldorf 2025, with the funds received in early February. It was an entirely positive experience, the company says.

The buyer was introduced by Yacht Partners International in Greece, and he quickly reached the contract stage for the 45 Coupe. Signing at Düsseldorf meant he received an express build slot for summer delivery and he should get his hands on the yacht in June.

Although the buyer’s funds were held in bitcoin, they arrived in Greenline’s client account in Euros. The transaction was enabled by BitPay – a US based company that provides mobile checkout services to businesses looking to accept cryptocurrency. BitPay has a European regulatory presence, which made the process of accepting the money completely barrier-free.

“At BitPay, we believe in the transformative power of cryptocurrency to revolutionise industries across the globe,” says Merrick Theobald, vice president of marketing, BitPay.

“This milestone transaction with Greenline Yachts is a perfect example of how bitcoin is reshaping the luxury goods market. By embracing crypto payments, Greenline is not just enhancing the buying experience for their customers but also embracing the future of finance. As more businesses and consumers see the value of digital currency, it’s clear that cryptocurrency is here to stay — especially for high-value purchases like a luxury yacht.”

The yacht buyer originally bought the bitcoin when its value stood around $0.03 per coin, and has seen this soar to recent highs of more than $100,000. On the back of this three-million-fold growth, he has decided to set some new living quality standards – including buying the Greenline 45 Coupe.

He has selected the Coupe version because it devotes much of the hard top to solar panels. With a maximum power rating of 2,200W, the array can generate up to 13.2kWh on a sunny day in Greece, where this new boat will be kept. It means the boat can spend more than four days at anchor without having to fire up a generator, delivering a silent, emissions-free yachting experience.

“We’ve always looked to the future at Greenline Yachts – as much for the boats themselves as for the experience of buying and owning them,” says Zinchenko. “We were quick to recognise the promise of hybrid electric propulsion, large-scale solar generation and remote boat monitoring. Today, that principle has come full circle with an entirely digital transaction in bitcoin.”

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