PHOTO: SUPPLIED – An aerial shot of Kaiuma Bay in Pelorus Sound, Marlborough Sounds.

Two investors who helped kickstart a stalled Marlborough Sounds development are selling one of the sections for Bitcoin.

Sounds Lifestyle Investments director Joe Lupi​, of Wellington, and Blenheim businessman Lee Gilbert a flat site in the middle of the subdivision, valued around the $200,000 mark, in exchange for cryptocurrency.

Lupi said they decided to sell the property for Bitcoin because it was “quite a cool thing to do” and “no-one has ever done it here before”.

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