Barry Silbert's 104-Bidder Syndicate Wins the Other 48,000 USMS Auctioned Bitcoins

Barry Silbert's syndicate, consisting of 104 bidders, has won the other 48,000 bitcoins being auctioned off by the US Marshals Service (USMS):

Announcement: Pleased to share that the syndicate organized by @BitcoinTrust & our trading division won 48k Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term auctioned by US Marshals — Barry Silbert (@barrysilbert) December 9, 2014

The syndicate was organized by Silbert's Bitcoin Investment Trust and the trading division at SecondMarket.

Tim Draper was the winner of the other 2000 bitcoins, as well as all 29,656 BTC in the first auction.

Though the USMS generally does not disclose the identity of auction participants or winners, it made an exception on this occasion "because SecondMarket has come forward."

Transfer of the bitcoins to SecondMarket was completed yesterday. Based on prices at the time, the stash was worth approximately $17 million.

The prices offered by the winning bidders have not been disclosed in either auction. It's not impossible that the winners paid a premium on the going market rates.