VC Investor Tim Draper is the Winner of the Government's Bitcoin Auction
And now for the news scores of members of the bitcoin community have been waiting for. The winner of last Friday's bitcoin auction held by the United States Marshals Service has been revealed. His name is Tim Draper, and he's a prominent venture capital investor, and he's made away with all 29,000+ bitcoins worth over $18 million. The plan? According to this post on Medium, Draper will be partnering with a start-up called Vaurum with the goal of providing bitcoin liquidity in emerging markets. Said Draper in a statement: Bitcoin frees people from trying to operate in a modern market....
Related News
Tim Draper, Founder and Managing Director of Draper Fisher Jurvetson, won U. S. Marshals' Bitcoin auction. The Bitcoin auction is estimated to be worth a whopping 18 million USD. Since the news came out earlier today that there was only one winner of the auction, there have been many speculated guesses on who that winner was. Tim Draper was probably not one of the options for the many speculators. Editor's Note: The USMS has sent the won bitcoins to Tim Draper already in this transaction. Let's just say that the US government has never moved ~$19 million worth of anything for such a cheap....
Two-time auction winner Tim Draper has revealed to CoinDesk that he is not participating in today's auction of more than 44,000 BTC confiscated from convicted Silk Road operator Ross Ulbricht. The venture capitalist and Draper Fisher Jurvetson (DFJ) partner was the sole winner of the first US government auction of nearly 30,000 BTC (then valued at roughly $18m) held last July, again purchasing 2,000 BTC (worth $750,000) in an auction of 50,000 BTC held in December 2014. Though short in his remarks, Draper told CoinDesk that he "didn't participate" in today's auction, which is scheduled to....
Last week's US government auction of confiscated Silk Road bitcoins has left a lingering mystery: who won the two biggest blocks of 27,000 and 20,000 coins? The winners of the two previous US Marshals Service (USMS) bitcoin auctions always wound up announcing themselves within days of their successful bids. The first auction winner was, famously, venture capitalist Tim Draper, who claimed all the 30,000 bitcoins for sale. The second auction saw the lion's share go to a syndicate organised by Bitcoin Investment Trust, although Draper again picked up some coins. The third and most recent....
Pioneering venture capitalist Tim Draper, father of noted bitcoin industry VC Adam Draper and managing director of the VC firm Draper Fisher Jurvetson, has been revealed as the winner of last Friday's US Marshals auction of nearly 30,000 BTC. The announcement was released via a blog post on Medium issued by California-based bitcoin trading and storage startup Vaurum. Draper was previously named as an investor in the company's $4m seed funding round this May. In the post authored by Vaurum CEO Avish Bhama, the company announced that Draper intends to partner with Vaurum to use the roughly....
Investor Tim Draper, managing director of VC firm Draper Fisher Jurvetson and the winning bidder in the 27th June auction of roughly 30,000 BTC conducted by the US Marshals Service, held a press conference today where he provided new details about his plans in the bitcoin space. The press conference included introductory remarks from Tim Draper, before opening up to a question-and-answer session led by the investor's son and fellow VC investor Adam Draper and including Vaurum CEO Avish Bhama. Speaking to gathered reporters, Draper painted a picture of how bitcoin is uniting a diverse range....