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10 Dec 2014
Bitcoin investment trust syndicate wins 48,000 BTC in US Marshals auction – CoinDesk
FXStreet (Barcelona) - The CoinDesk Analysis Team highlights the key takeaways from the US Marshals Bitcoin auction, noting that a syndicate between Bitcoin Investment Trust and the trading division at SecondMarket won 48,000 BTC out of the total 50,000 BTC.
Key Quotes
“A bidding syndicate organized by Bitcoin Investment Trust and the trading division at SecondMarket has been revealed as the winner of nearly all of the 50,000 BTC auctioned by the US Marshals Service (USMS) last Thursday.”
“The syndicate won 19 of the 20 blocks put up for auction by the USMS, or a total of 48,000 BTC (worth roughly $16.6m at press time). The 50,000 BTC confiscated from alleged Silk Road leader Ross Ulbricht and sold were divided into 10 blocks of 2,000 BTC and 10 blocks of 3,000 BTC.”
“Draper Fisher Jurvetson managing director and avid bitcoin enthusiast Tim Draper was revealed as the winner of a smaller block of 2,000 BTC (worth roughly $750,000 at press time) last Friday. Draper purchased 29,656 BTC seized from the now-defunct online black market Silk Road in June, announcing at the time that the bitcoins would be used to help bitcoin exchange Mirror (formerly Vaurum) serve more global consumers.”
Key Quotes
“A bidding syndicate organized by Bitcoin Investment Trust and the trading division at SecondMarket has been revealed as the winner of nearly all of the 50,000 BTC auctioned by the US Marshals Service (USMS) last Thursday.”
“The syndicate won 19 of the 20 blocks put up for auction by the USMS, or a total of 48,000 BTC (worth roughly $16.6m at press time). The 50,000 BTC confiscated from alleged Silk Road leader Ross Ulbricht and sold were divided into 10 blocks of 2,000 BTC and 10 blocks of 3,000 BTC.”
“Draper Fisher Jurvetson managing director and avid bitcoin enthusiast Tim Draper was revealed as the winner of a smaller block of 2,000 BTC (worth roughly $750,000 at press time) last Friday. Draper purchased 29,656 BTC seized from the now-defunct online black market Silk Road in June, announcing at the time that the bitcoins would be used to help bitcoin exchange Mirror (formerly Vaurum) serve more global consumers.”