Sale of San Francisco's Iconic Toronado Beer Bar Remains Unconfirmed
The legendary cash-only bar is in contract to be sold, with cryptocurrency investor Orion Parrott reportedly involved, but the deal has not been finalized.
- The Toronado, a renowned San Francisco beer bar, has been in contract for sale since January 2025 but remains in the contingency period, according to the real estate agent.
- Reports suggest Orion Parrott, a cryptocurrency investor associated with Orange DAO, is the potential buyer, though this has not been officially confirmed.
- Parrott reportedly plans to introduce a cryptocurrency called 'ToronadoCash,' sparking skepticism and backlash from the bar's loyal patrons and the beer community.
- The bar's staff has not been informed of any confirmed sale, with some expressing doubts about the reported transaction.
- The Toronado, a cultural institution since 1987, is celebrated for its rare beer selection and cash-only policy, raising concerns about preserving its legacy under new ownership.