Unknown Bidder Buys $1.6 Million in Bitcoin at US Government Auction

A winning bidder claimed 2,700 BTC (worth $1.58m) at an auction held by the US Marshals Service (USMS) today.
USMS representatives confirmed to CoinDesk that four bids were received in the auction, which took place between 13:00 and 19:00 UTC.
The event, by far the smallest held to date by the USMS, saw bitcoins confiscated in cases involving convicted Silk Road ringleader Ross Ulbricht and former federal agent Carl Force IV made available for sale.

This post was published at Coin Desk on August 22, 2016.