Barry Silbert Releases Results of Bidding Syndicate For US Marshals Bitcoin Auction

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 -....

This past Friday's bitcoin auction held by the United States Marshals Service has seemingly been talk of the town, and now, the service has released some information with regard to Friday's happenings today in a chat with bitcoin news website CoinDesk. A total of 45 bidders registered for the auction (with one of the requirements being the need to wire a $200,000 deposit from a US bank account), with 63 bids submitted during the twelve hours the auction ran, from 6 am to 6 pm East coast time. Unfortunately, the juicy information such as who won and how much their bid was worth is still....

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....

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....

Some pretty big news coming from the SecondMarket/Bitcoin Investment Trust today. Company head honcho Barry Silbert took to Twitter on Saturday to announce that he's planning to form a syndicate to bid on a huge sum of bitcoins up for auction by the U. S. Marshals service. 1/Announcement: @BitcoinTrust and SecondMarket's bitcoin trading desk will be forming a syndicate to bid in US Marshals bitcoin auction... - Barry Silbert (@barrysilbert) June 14, 2014. The announcement comes following this week's headlines that the United States Marshals service is planning to auction off over 29,000....