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.
The SecondMarket CEO announced his resignation from the position as he focuses on building out a bitcoin business.
SecondMarket made its name – and a lot of its money – as a forum for pre-IPO Facebook shares. Now, it’s betting on Bitcoin and other exotic investments to reclaim mojo; but its best opportunity may be as a service provider to a growing ranks of angel investors.
Exchange traded funds made gold a more liquid commodity. Can they do the same for Bitcoin? SecondMarket says, yes, but at least one investors suggests the fund is a “turd.”
Of greatest concern is that as financing for cleantech gets tight, the brightest startups will struggle to find early stage capital and those companies nearing the path to commercialization will find it hard to find scaling capital.
With the IPO market for cleantech at a standstill and early stage startups struggling to find investment, an online portal for private cleantech investment could help bring attention to promising young companies in the space.
With technology stars like Facebook, Zynga and Twitter holding off on IPOs, it’s meant even more business for private stock markets like SecondMarket. The trading service said transactions in the fourth quarter hit $157.8 million, more the doubling the $75 million recorded from the third quarter.
Employee shares of Facebook are selling for $21 on SecondMarket, valuing the social network’s common stock at $9.5 billion, Bloomberg is reporting today. That’s up 42 percent in the past four months, which SecondMarket takes to mean that an IPO is nigh, but could also just reflect Facebook’s recent announcement that it’s cash-flow positive. And $9.5 billion doesn’t include the preferred shares issued to investors. Read More about In Private, Facebook Valuation Up 42%
SecondMarket, founded in 2004 as Restricted Stock Partners, has launched a new online secondary market for trading shares in private compani…