Venture investor Tim Draper became the winner of the auction for the sale of bitcoins seized from Silk Road

29,656 bitcoins, confiscated from the Silk Road site closed by US authorities, were sold at auction last Friday. The auction was attended by 45 investors, who made a total of 63 bids. Bidding lasted 12 hours. The last bet was made by venture capitalist Tim Draper (Tim Draper). He got all 10 lots - 29,656 bitcoins.

The news of the purchase of confiscated bitcoins was published on the Vaurum Bitcoin blog . Draper previously acted as one of the investors of this company.

The real amount of the transaction was not disclosed. At the rate at the time of the auction 29,656 BTC ≈ $ 18 million.

With the help of Vaurum and acquired Bitcoins, we plan to create new services that will provide liquidity and confidence to markets experiencing difficulties due to the weakness of major currencies - commented Draper.

Bitcoins are currently located at this address - 1a8LDh3qtCdMFAgRXzMrdvB8w1EG4h1Xi .
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Tim Draper is a third generation venture capitalist. In 1985, he created the company Draper Fisher Jurvetson , which invested in projects such as Baidu, Skype, Hotmail, Tesla Motors and many others. Now the company Draper has 15 branches worldwide. In 2008, Tim Draper was voted Number One Venture Investor.

In the hands of the United States, there are still 115,000 seized bitcoins, which are not planned to be sold without a corresponding court decision.