Winning Bidders In The Silk Road Bitcoin Auction

ANNOUNCEMENT: Well it has happened! Another Silk Road Darknet Market has spawned after the demise of Silk Road 2.0. The new site is called Silk Road Reloaded and is utilizing different technology than its predecessors therefore a new guide for Silkroad Reloaded will be coming soon. In the meantime Agora Marketplace is still alive and kicking bigger than ever with more listings than Silkroad 2.0.

>> Click here to find the best alternative: Agora Marketplace <<

Silk Road Marketplace and BitcoinsThe US Marshals Service has just announced the outcome of its 3rd Silk Road Bitcoin auction held on Thursday, 5th March. Three secret bidders went home with a total of 50,000 bitcoins, with the highest beneficiary bagging in 27,000 followed by 20,000 and lastly 3,000. This is according to a statement released by USMS official spokeswoman Lynzey Donahue.


Though, the Marshals Service declined to comment on actual monetary value of their winning bids. If current market rates are to go by, then the Silk Road bitcoins are worth $8 million, $5.9 million and $0.9 million respectively.

The Silk Road auction attracted 14 registered bidders with each one of them placing a combined total of 34 bids for the 50,000 bitcoins that were seized from Ross Ulbricht’s PC. As for now, the identities of these winners still remains a mystery since the USMS has not yet released any information pertaining to this. Donahue says that the names will remain concealed for security reasons. However, a New York-based bitcoin exchange company known as it Bit recently announced that it is one of the winners in the 3rd bitcoin auction. They claim to have won the last 3,000 BTC.

BitcoinsThe closed auction process took place from 8:00 am to 2:00 pm EST on March 5, with deadline for registration having been set a little bit earlier on 2nd of the same month. All bitcoins were sold off in 20 unique blocks, consisting of an initial 10 blocks with 2,000 bitcoins and another 10 blocks of 3,000 bitcoins. Those who had any connections to Ross Ulbricht or his Silkroad site were not allowed to contest.

It’s estimated that the total value of bitcoins seized from Ulbricht’s computer and the Silk Road servers is $28.5 million. The government now sits on only 50,000 more bitcoins before all of them are auctioned off to the public.