Bitcoin Trust the big winner in US Marshals’ auction

Of the 50,000 bitcoins up for auction, the Bitcoin Investment Trust bidding syndicate walked away with 48,000 of them. The US Marshals’ Service confirmed that the syndicate, which includes the Bitcoin Trust and the trading division of Barry Silbert’s SecondMarket, won the majority but would not disclose the winning price. Tim Draper, who swept June’s auction, pocketed the remaining 2,000 bitcoin. Last week’s auction of the bitcoin seized from Silk Road’s alleged operator drew low numbers — only 11 registered bidders participated, and now we know two of them.

US Marshals’ second bitcoin auction only draws 11 bidders

The first time the U.S. Marshals auctioned off bitcoin, the price spiked six percent and Twitter lit up with rumors of who bid on the auction. This time? Barely a peep from the peanut gallery. While June’s Silk Road auction drew in 45 bidders and 63 bids, the Marshals’ office reported only 11 registered bidders and 27 bids received for the 50,000 bitcoin that were up for grabs from Dread Pirate Roberts. Meanwhile the price of a bitcoin has remained relatively flat today, hovering around $371 — much lower than the $640 a bitcoin was worth when Tim Draper won the first auction.