Silkroad 30000 Bitcoins won by Mistery Single Bidder

silkroad auction bidder

The US Marshals Service had one winner in its auction of nearly Thirty Thousand bitcoin, a spokeswoman said on Tuesday, without revealing the name of the successful bidder.

The US Marshals Service had earlier revealed that 45 bidders registered, each putting down a deposit of $200,000, and that 63 bids were received. The winner was notified on Monday evening and the transfer of bitcoin took place Tuesday, according to Lynzey Donahue, spokeswoman for the USMS.

In October 2013, the United States government came into possession of the bitcoins when it arrested Ross Ulbricht and charged him with running the Silk Road, an online black market.

Several prominent participants have come forward to say that their bids were not accepted.

Alan Silbert, founder and CEO of online bitcoin luxury marketplace BitPremier, estimated that $20m worth of bids went unsatisfied, and that those bidders may now try and fulfil their demand on the open market.

Other bidders entered the auction in syndicates. Investment firm SecondMarket received 186 bids from 42 bidders, but said it was outbid on all blocks, while Pantera Bitcoin’s syndicate also failed to get hold of any bitcoin.

The auction drew 63 bids from 45 registered bidders on Friday. The price of bitcoin rose on Tuesday, adding to Monday’s gains. It was last priced at $640.83, up 2% on the session, and has gained more than 15% since 25 June, according to digital currency exchange Coindesk.

Hedge fund Pantera Capital, bid below the market price, according to Pantera chief executive Dan Morehead, and said Monday it had been outbid.

Bitcoin Shop Inc, which trades on the OTC market OTCQB, said in a release on Tuesday that its bid had also been rejected. The virtual currency ecommerce company bid directly in the auction as well as through a syndicate organized by Second Market.

“Bitcoin Shop will continue to evaluate investment opportunities such as this in the future,” the statement said.

Silkroad 30000 Bitcoins won by Mistery Single Bidder

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