Russian real estate firm Kalinka Group is selling a luxurious home for bitcoin for the first time in Russian history.

The 4200 square foot country mansion is located in the village of Nikolino, situated in a fashionable neighbourhood off the Rublevo-Upenskoe highway. Not far from Moscow, the area is a favourite with oligarchs. The house is on the market for BTC 3000, which is around $8 million.

"Such transactions are still a novelty, even for world real estate markets,” said Ekaterina Rumyantseva, chairman of the board of Kalinka Group. “We are pleased to be pioneers and open new frontiers in...