SecondMarket: Syndicate Bidders Real Winners of Bitcoin Auction


The United States Marshals Service (USMS) validated today that a bidding syndicate arranged by Bitcoin Financial investment Trust (BIT) and the trading division of SecondMarket took 48,000 BTC in its 2nd bitcoin auction.

The 48,000 BTC (worth about $ 16.9 m at press time) is the biggest ever won in a USMS bitcoin auction, trumping the almost 30,000 BTC won by venture capitalist Tim Draper this June. In total amount, SecondMarket and BIT protected 19 of the 20 bitcoin blocks install for quote, while the continuing to be block was asserted by Draper.Continue reading

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