Barry Silbert Announces Winning of 48K Bitcoins From USMS Auction
There's been a lot of chatter when it comes to the second bitcoin auction held recent by the United States Marshals Service (USMS). Overall, though, it's been somewhat of a mystery, with the general public not being made aware of who's won what. We've heard from Timothy Draper that he's managed to pick up 2,000 bitcoins out of the 50,000 bitcoins that were put up for auction (if you'll recall, he won the entire first auction held by the Marshals earlier this year), and now we're learning some juicy details from Barry Silbert. You're probably aware that Barry Silbert is well known in the....
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SecondMarket's Bitcoin Investment Trust Syndicate Won 48,000 BTC in Latest Silk Road Bitcoin Auction
Bitcoin seized from Ross Ulbricht is being auctioned off by the US Government. Earlier today, Barry Silbert, the former CEO of SecondMarket, took to Twitter to reveal that SecondMarket's syndicate had won 48,000 BTC in the recent USMS Bitcoin auction. Silbert has since taken a step back from Second Market to pursue the promise of Bitcoin more specifically with his new Digital Currency Group. Announcement: Pleased to share that the syndicate organized by @BitcoinTrust & our trading division won 48k bitcoin auctioned by US Marshals. - Barry Silbert (@barrysilbert) December 9, 2014. As....
SecondMarket and Bitcoin Investment Trust CEO Barry Silbert has released some decently interesting information this Saturday afternoon relating to Friday's bitcoin auction held by the United States Marshals Service. To be clear, the results were not that of the auction itself, but the syndicate that Silbert formed shortly after the USMS announced the auction a couple of weeks ago. According to Silbert, there were 42 bidders involved in the syndicate, with 186 bids received and a bitcoin quantity bid of 48,013. Results of our US Marshals bitcoin syndicate: Bidders - 42 Bids received - 186....
Barry Silbert, CEO of bitcoin investment platforms SecondMarket and Bitcoin Investment Trust, has released new data regarding the auction syndicate that his entities formed to participate in Friday's US Marshals Auction of 30,000 BTC seized from online black market Silk Road. The figures, while potentially unrelated to the final results to be confirmed Monday, provide evidence that Silbert's strategy to use a syndicate model was successful at opening the auction to a wider range of foreign and domestic investors. Results of our US Marshals bitcoin syndicate: Bidders - 42 Bids received -....
Venture capitalist Tim Draper has been revealed as the winner of last Friday's USMS bitcoin auction. The US Marshals Service (USMS) has announced that a single, undisclosed bidder claimed all of the roughly 30,000 bitcoins seized from online black market Silk Road and sold in its recent auction. The winning bidder outbid all other parties for the 10 auction blocks, according to the USMS. Further, the bitcoins have already been transferred to the winner, according to Blockchain. The USMS previously said that it would begin notifying bidders as to whether they had secured any of the blocks....
Bitcoin seized from Silk Road is being auctioned off by the US Government. Update (12:00 PM CST): USMS has confirmed with CoinDesk and CoinFire that they will release an announcement this afternoon. No further details were furnished. Update (4:00 PM CST): The USMS has reported that 1 anonymous bidder outbid all other 44 bidders for all of the auctioned Bitcoin. The winning bid is still undisclosed. At this point, it seems that the single winner probably has incentive to not reveal his winning bid. However, if all the losers come forward we could have a better idea of the winning bid. What....