Three Unnamed Bidders Win Latest US Marshals Bitcoin Auction

MUCHSIN

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Quote from: Guido on March 10, 2015, 03:16:49 PM

http://www.coindesk.com/three-unnamed-bidders-win-latest-us-marshals-bitcoin-auction/

Quote

The US Marshals Service (USMS) has revealed that three bidders each took home a portion of the 50,000 BTC sold during its most recent bitcoin auction held 5th March.

The winnings were divided among the unnamed individuals, with the leading bidder claiming 27,000 BTC ($7.9m at press time). The remainder of the bitcoin was split among two individuals who took winnings of 20,000 BTC ($5.9m) and 3,000 BTC ($885,801), respectively.

A spokesperson for the USMS confirmed the totals via email, adding that the transfer of proceeds to the winners has now been finalized.

While no winning bidders have yet come forward, the trading desk at SecondMarket, the entrant that claimed the highest share of the 50,000 BTC sold in December’s auction, has publicly revealed it did not enter a winning bid.

Other known participants, including hedge fund Pantera Capital and investment management company Binary Financial, have yet to comment on the news publicly.

A final auction of the roughly 44,000 remaining bitcoins in possession by the government agency is expected to be held later this year.

working it out seems average of $290 - $300 per bitcoin

I think itBit won third place with 3k BTC? Im not sure.
http://bitforum.info/t/and-the-third-winner-for-the-usms-auction-is-itbit/400

Beliathon

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https://youtu.be/PZm8TTLR2NU

Quote from: cbeast on March 11, 2015, 04:37:17 AM

Quote from: ticoti on March 10, 2015, 03:37:09 PM

We can't know the price of the bid unless they publicly say it

Can we find out how much the gubbermit made, so thy don't launder the money?

Fiat has no transparency, unless you're an unconstitutional rogue government spying agency full of treasonous sons of whores.

AgentofCoin

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If no one (exchange, company, individual investor) ever announces they won the two other groups of BTC,
I would like to bet that one of the two winners, or maybe both, are Government Proxies, for whatever reasons they would have.
For example, it would be beneficial for a USG agency to have BTC on hand for future setups/stings with Silkroad, terrorism, or other.
So if this becomes a mystery forever, I say 50% chance its a USG Agency.

dothebeats

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If the bidders didn't bought under or at the market price, I'm pretty sure that they will hold on it for a bit. Dumping it directly would mean a great loss for them, seeing that the trade volume and interest of the masses increased. The potential is higher at this time, so maybe they will wait until they would sell those coins.

abcdave

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Quote from: tadakaluri on March 11, 2015, 11:20:23 AM

Quote from: gonedoggo on March 11, 2015, 10:11:45 AM

1: Itbit exchange bought 3K. 1BdmMnKQ417EpUngAnJCYmjYmD9Cud9iZB

2: Cumberland Mining & Materials LLC (Syndicate) bought 27K, 2K sent directly to bitfinex for dumping. 1DPx2UJtwCQ3N8eGiuDoZSCB7x3rAPWcXw

3: Satoshi's Cousin bought 20K, still stay anonymity. 1EAPKSvouAkFJWr5HuNF6wrz4fCN2FBvaY

The bid price was around $220 to $250, lower than the market price

If these all BTC going for Dumping.......... The price may drop again.

Why would they buy to dump? There's literally no point in that as they'd just be effecting themselves and they probably wouldn't make much on them at current value so they're probably going to hold.

DarkHyudrA

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English <-> Portuguese translations

Quote from: gonedoggo on March 11, 2015, 10:11:45 AM

1: Itbit exchange bought 3K. 1BdmMnKQ417EpUngAnJCYmjYmD9Cud9iZB

2: Cumberland Mining & Materials LLC (Syndicate) bought 27K, 2K sent directly to bitfinex for dumping. 1DPx2UJtwCQ3N8eGiuDoZSCB7x3rAPWcXw

3: Satoshi's Cousin bought 20K, still stay anonymity. 1EAPKSvouAkFJWr5HuNF6wrz4fCN2FBvaY

The bid price was around $220 to $250, lower than the market price

Source?
Like wtf, "Satoshi Cousin".

tadakaluri

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Quote from: gonedoggo on March 11, 2015, 10:11:45 AM

1: Itbit exchange bought 3K. 1BdmMnKQ417EpUngAnJCYmjYmD9Cud9iZB

2: Cumberland Mining & Materials LLC (Syndicate) bought 27K, 2K sent directly to bitfinex for dumping. 1DPx2UJtwCQ3N8eGiuDoZSCB7x3rAPWcXw

3: Satoshi's Cousin bought 20K, still stay anonymity. 1EAPKSvouAkFJWr5HuNF6wrz4fCN2FBvaY

The bid price was around $220 to $250, lower than the market price

If these all BTC going for Dumping.......... The price may drop again.

Beyonce

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Quote from: AT101ET on March 11, 2015, 06:27:08 AM

Quote from: unamis76 on March 11, 2015, 05:20:35 AM

Pretty concerning that two bidders still remain anonymous... But since this is quite a large quantity of BTC, and it wasn't bought under market prices makes me believe the buyers will hold on to their coins.

Why is it concerning?
With such a large amount of BTC it would be near impossible to sell all at once for one price. As soon as a sell wall like that would hit exchanges I'm pretty sure we'd see a small change in the price. Ultimately they'd lose out so I wouldn't see the point in them doing that.

It would be foolish of them to have bought this many coins only to dump. They'll very likely be keeping them to invest either directly or in some sort of bitcoin business or start up they have.

gonedoggo

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1: Itbit exchange bought 3K. 1BdmMnKQ417EpUngAnJCYmjYmD9Cud9iZB

2: Cumberland Mining & Materials LLC (Syndicate) bought 27K, 2K sent directly to bitfinex for dumping. 1DPx2UJtwCQ3N8eGiuDoZSCB7x3rAPWcXw

3: Satoshi's Cousin bought 20K, still stay anonymity. 1EAPKSvouAkFJWr5HuNF6wrz4fCN2FBvaY

The bid price was around $220 to $250, lower than the market price

AtheistAKASaneBrain

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Quote from: Guido on March 10, 2015, 03:16:49 PM

http://www.coindesk.com/three-unnamed-bidders-win-latest-us-marshals-bitcoin-auction/

Quote

The US Marshals Service (USMS) has revealed that three bidders each took home a portion of the 50,000 BTC sold during its most recent bitcoin auction held 5th March.

The winnings were divided among the unnamed individuals, with the leading bidder claiming 27,000 BTC ($7.9m at press time). The remainder of the bitcoin was split among two individuals who took winnings of 20,000 BTC ($5.9m) and 3,000 BTC ($885,801), respectively.

A spokesperson for the USMS confirmed the totals via email, adding that the transfer of proceeds to the winners has now been finalized.

While no winning bidders have yet come forward, the trading desk at SecondMarket, the entrant that claimed the highest share of the 50,000 BTC sold in December’s auction, has publicly revealed it did not enter a winning bid.

Other known participants, including hedge fund Pantera Capital and investment management company Binary Financial, have yet to comment on the news publicly.

A final auction of the roughly 44,000 remaining bitcoins in possession by the government agency is expected to be held later this year.

working it out seems average of $290 - $300 per bitcoin

That's really cheap. These whales are going to be billonaires if they resist the urge to sell for a couple of years.

Q7

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I think the price paid for by the bidders quoted by coindesk is calculated based on existing market price. Here I don't think they will reveal the actual amount being paid which kept everyone in the dark whether it is more or lower than prevailing market price. Anyway since the auction is over and bitcoin price still remains steady I presume those buyers will continue to hold on to their coins for now

AT101ET

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Quote from: unamis76 on March 11, 2015, 05:20:35 AM

Pretty concerning that two bidders still remain anonymous... But since this is quite a large quantity of BTC, and it wasn't bought under market prices makes me believe the buyers will hold on to their coins.

Why is it concerning?
With such a large amount of BTC it would be near impossible to sell all at once for one price. As soon as a sell wall like that would hit exchanges I'm pretty sure we'd see a small change in the price. Ultimately they'd lose out so I wouldn't see the point in them doing that.

DarkHyudrA

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English <-> Portuguese translations

Now, 50kBTC, THATS is truly a wall.
Probably we will never see 500 again in this year.

kulme

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Wouldn't the other bidders on the coins also know the price of the coins ? Or was it private ?

unamis76

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Pretty concerning that two bidders still remain anonymous... But since this is quite a large quantity of BTC, and it wasn't bought under market prices makes me believe the buyers will hold on to their coins.

acquafredda

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Quote from: cbeast on March 11, 2015, 04:37:17 AM

Quote from: ticoti on March 10, 2015, 03:37:09 PM

We can't know the price of the bid unless they publicly say it

Can we find out how much the gubbermit made, so thy don't launder the money?

you wish...
Cool

AT101ET

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Quote from: M28MmickT on March 11, 2015, 04:55:37 AM

Quote from: AT101ET on March 11, 2015, 04:52:26 AM

It shows that there is quite a high demand for BTC. So when are we going to see the next price rise? Wink

Yes there is quite a bit of demand for bitcoin just check the exchanges for daily volume chine being the real big player. What do you mean when are we going to see a price rise is a rise from 230 to 300 not good enough?

I am very happy with the price rise shame we cannot please everyone

Not wasn't a direct rise from $230-$290. It's been rising gradually. A week back it was already $250-270 (before this info was released).
And yes I know that there's a lot of demand but it's not often that you see such high value buy orders. I'm happy with the price rise but I don't think that this is a price that represents bitcoins true value.

M28MmickT

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Quote from: AT101ET on March 11, 2015, 04:52:26 AM

It shows that there is quite a high demand for BTC. So when are we going to see the next price rise? Wink

Yes there is quite a bit of demand for bitcoin just check the exchanges for daily volume chine being the real big player. What do you mean when are we going to see a price rise is a rise from 230 to 300 not good enough?

I am very happy with the price rise shame we cannot please everyone

AT101ET

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It shows that there is quite a high demand for BTC. So when are we going to see the next price rise? Wink

opossum

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I read that itBit was one of the winners of the auction so one name is out there at least, i find it hard to believe they paid over market value when it was organized months in advance and they could have got the coins for quite a bit cheaper.
That does not seem like good business sense to me as a trader at least but if they do not mind paying over the price then fair play but i would not have even bothered with the auction if they wanted that sort of money :/

Topic: Three Unnamed Bidders Win Latest US Marshals Bitcoin Auction (Read 1734 times)