In mid-2014, the U.S. Marshals Service auctioned 30,000 bitcoins that formerly belonged to Ulbricht. Tim Draper was one of 45 people bidding on the confiscated bitcoin during the 12-hour auction. The bitcoins were auctioned off in nine blocks of 3,000 bitcoins and one block of 2,657 bitcoins. Draper was the ultimate winner of all ten blocks of the auction. In total, he paid $19 million for 29,657 bitcoins.
Discussion
Ah, I think you remembered it better than I did. The following auction was for 48K bitcoin won by Bitcoin Investment Trust, but Draper also managed to pick up another 2K BTC then.
Well anyway, that's a lotta corn. 🌽
I had no idea who Draper was until I saw your note. I did a little bit of searching because you made me curious. I'm not an OG. ðŸ¤