Barry Silbert’s 104-Bidder Syndicate Wins the Other 48,000 USMS Auctioned Bitcoins
Barry Silbert’s syndicate, consisting of 104 bidders, has won the other 48,000 bitcoins being auctioned off by the US Marshals
Barry Silbert’s syndicate, consisting of 104 bidders, has won the other 48,000 bitcoins being auctioned off by the US Marshals Service (USMS):
Announcement: Pleased to share that the syndicate organized by @BitcoinTrust & our trading division won 48k bitcoin auctioned by US Marshals
Join the iFX EXPO Asia and discover your gateway to the Asian Markets
— Barry Silbert (@barrysilbert) December 9, 2014
The syndicate was organized by Silbert’s Bitcoin Investment Trust and the trading division at SecondMarket.
Suggested articles
Trading Places: Finding The Best Jurisdiction for Your BrokerageGo to article >>
Tim Draper was the winner of the other 2000 bitcoins, as well as all 29,656 BTC in the first auction.
Though the USMS generally does not disclose the identity of auction participants or winners, it made an exception on this occasion “because SecondMarket has come forward.”
Transfer of the bitcoins to SecondMarket was completed yesterday. Based on prices at the time, the stash was worth approximately $17 million.
The prices offered by the winning bidders have not been disclosed in either auction. It’s not impossible that the winners paid a premium on the going market rates.
Leave a Reply