Pages:
Author

Topic: Three Unnamed Bidders Win Latest US Marshals Bitcoin Auction - page 2. (Read 1746 times)

donator
Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
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?
hero member
Activity: 854
Merit: 1000
We can't know the price of the bid unless they publicly say it
legendary
Activity: 1061
Merit: 1001
yes, you're right, it doesn't actually tell us anything thinking about it
legendary
Activity: 3472
Merit: 4801
- snip -
working it out seems average of $290 - $300 per bitcoin

Correct.

At the time that the article was written, the market exchange rate was between $290 and $300 per bitcoin:

http://bitcoincharts.com/charts/bitfinexUSD#rg1ztgSzm1g10zm2g25

However, that doesn't tell us ANYTHING about what the winning bids were.

That article isn't saying that they paid $7.9m, $5.9m, and $885,801 respectively.  It is only saying that the bitcoins that they "won" at the auction were worth that amount as calculated with the current market rate.
legendary
Activity: 1061
Merit: 1001
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

Pages:
Jump to: