U.S. auction of Silk Road bitcoins draws 27 bids

[MindMover]

(Reuters) - The U.S. Marshals Service on Thursday received more than two dozen bids for 50,000 bitcoins seized from the alleged owner of Silk Road, an Internet black-market bazaar on which authorities say drugs and other illegal goods could be bought.

Lynzey Donahue, a Marshals Service spokeswoman, said the government had 11 registered bidders and 27 resulting bids. Winning bidders for the bitcoins, valued at $18.6 million, will be notified on Friday.

It was the Marshals Service's second such auction following one in June for almost 30,000 bitcoins seized during a raid on Silk Road in 2013.

To date, the government has recovered 173,991 bitcoins while pursuing the case, including 144,336 from computer hardware belonging to Ross Ulbricht, the alleged creator of the underground website.

http://www.reuters.com/article/2014/12/04/us-bitcoin-auction-idUSKCN0JI1FB20141204

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Great investment, bid on something that lost half its value in the last year ...

[Socal31]

1. What it has done is not the concern of an investor.

Where BTC are headed is much more Important.