SecondMarket: Syndicate Bidders Real Winners of Bitcoin Auction
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....
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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 -....
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....
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....
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....
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....