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....
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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....
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 -....
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. Bitcoin Investment Trust announced the news on Twitter, while the USMS separately confirmed....
The US Marshals Service (USMS) confirmed today that a bidding syndicate organised by Bitcoin Investment Trust (BIT) and the trading division of SecondMarket took 48,000 BTC in its second bitcoin auction. The 48,000 BTC (worth roughly $16.9m at press time) is the largest ever won in a USMS bitcoin auction, trumping the nearly 30,000 BTC won by venture capitalist Tim Draper this June. In total, SecondMarket and BIT secured 19 of the 20 bitcoin blocks put up for bid, while the remaining block was claimed by Draper. Speaking to CoinDesk, SecondMarket managing director Brendan O'Connor....
The US Marshals Service (USMS), the federal agency charged with carrying out the auction of 30,000 BTC seized by the FBI in the shutdown of online black marketplace Silk Road, inadvertently gave bitcoin industry observers a first look at some potential bidders for the bounty yesterday in a move that has since been widely lampooned by the media. This unintentional error occurred when the agency accidentally revealed a lengthy list of names of those who had expressed interest in the auction process during an attempt to provide an informational update to these parties. Though that list....