Aug 4, 2026 – 4.37pmCrypto casino king Ed Craven has splashed about $1.6 million buying two units in an apartment block next door to his Toorak property, where he’s building a sprawling luxury compound in Melbourne’s most prestigious suburb.The billionaire, who co-founded cryptocurrency gambling empire Stake.com, purchased a one-bedroom unit for $780,000 and a two-bedroom apartment for $850,000 in the heritage-listed Caringal Flats building on Tahara Road, property records show.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Crypto billionaire Ed Craven snaps up units near Melbourne compound
The Stake.com co-founder has acquired two apartments in a heritage-listed apartment block overlooking his sprawling Toorak property.
TL;DRAI
Ed Craven, Stake.com co-founder, acquires two Melbourne units for $1.6M adjacent to his luxury compound. The acquisition underscores persistent crypto wealth despite regulatory headwinds and volatility in gambling derivatives markets.
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