The largest Bitcoin transaction: SatoshiDice online casino sold for the equivalent of 11.5 million dollars

The Bitcoin payment system continues to gain momentum: now even big deals like the purchase of companies are paid through it. The Next Web reports that the gambling site SatoshiDice has been sold to an unnamed buyer for 126,315 bitcoins, which at the current exchange rate corresponds to about 11.5 million dollars.

SatoshiDice is an online casino that uses bitcoins for transactions. The site was launched in April 2012 and calls itself "the most popular Bitcoin game in the world." In January of this year, the project's income was estimated at over 50 thousand dollars a month.

The game system in SatoshiDice is as follows: users send bitcoins to the site and select a number. "The Ghost of Satoshi" throws the dice and those who choose a number that is larger than the one that fell out, win.
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To date, 5.3 million bids have been made on the site, of which more than 3.9 million have won. According to the company, the amount won is transferred within 30 seconds, with a small commission being charged to each bet.

SatoshiDice shares were listed on the Romanian Bitcoin exchange MPEX. The founder of the project, Eric Voorhees, said that shareholders will receive 0.0035 bitcoins per share, which is 277% more from the sale price and 175% more from the estimated value of the company on MPEX.

As Vourhis wrote on the Bitcoin forum, he hopes that these payments will compensate for the disappointment of those who bought S.DICE shares for the long term.

This transaction is the first significant buyout of a Bitcoin company and demonstrates how much money revolves in this area. Bitcoin has already attracted the interest of the US authorities this year when they began an investigation into Mt.Gox, the largest Bitcoin exchange. In May, authorities froze transfers between Mt.Gox and the Dwolla payment system for conducting "unlicensed money transfer."