Who did the US government sell its 170,000 bitcoins to?

On November 10, according to Coindesk, New York Bitcoin Exchange itBit has announced that it successfully won 10,000 BTC at the fourth Silk Road Bitcoin auction held last week, but did not disclose the transaction price. According to the analysis of Reddit user bitcoinaverage, another 26,000 BTC and 8,341 BTC were respectively deposited into 1DjbMDAsHfmwbwYA9xqhEF1gkKWQY7rR5a and 18BmC9k36GBTfu1LT9N9snZJnp89YoLhng   The identities of these two Bitcoin addresses are currently unknown.

With the successful transfer of the last 44,341 BTC, the US government has seized 173,997 from Silk Road owner Ross Ulbricht.   All BTC auctions have been completed. Below is a review of the four auctions.

First auction

Auction date: June 27, 2014

Number of Bitcoins auctioned: 29,656 BTC

Market price: around RMB 4000

45 registered bidders, 63 bids in total

Winning Bidder: Tim Draper   (29,656) Receiving address: 1a8LDh3qtCdMFAgRXzMrdvB8w1EG4h1Xi

Second auction

Auction date: December 5, 2014
11 registered bidders, 27 bids in total

Amount of Bitcoin auctioned: 50,000 BTC

Market price: around RMB 2200

Winning Bidder: Tim Draper   (2000 BTC)

Bidding group consisting of Bitcoin Investment Trust and SecondMarket (104 bidding partners, 48,000 BTC)

The third auction

Auction date: March 6, 2015
14 registered bidders, 34 bids in total

Amount of Bitcoin auctioned: 50,000 BTC

Market price: around RMB 1858

Winning Bidder: itBit   (3000)

Cumberland Mining (27,000 BTC) 1DPx2UJtwCQ3N8eGiuDoZSCB7x3rAPWcXw

未知组织A   (20,000 BTC)

The fourth auction

Auction date: November 6, 2015
11 registered bidders, 30 bids in total

Amount of Bitcoin auctioned: 44,341 BTC

Market price: RMB 2479

Winning Bidder: itBit   (10000 BTC) 3MTFNQLQ6X7yjMHkbWLnHhgcUw9HJdEjUR

未知组织B   (26000 BTC) 1DjbMDAsHfmwbwYA9xqhEF1gkKWQY7rR5a

未知组织C   (8,341 BTC) 18BmC9k36GBTfu1LT9N9snZJnp89YoLhng

According to the information that has been released so far, the person who bought the most Bitcoin from the US government should be Tim Draper, co-founder of Draper Fisher Jurvetson. He won a total of 31,656 BTC in two auctions. At the same time, according to the market price of Bitcoin at the time of the auction, Draper's bidding cost was also the highest. The bidding group composed of Bitcoin Investment Trust and SecondMarket successfully bought 48,000 BTC in the second auction, but the group was composed of 104 bidding partners. The third auction was the one with the lowest BTC market price among the four auctions. The biggest dark horse was a company called Cumberland Mining. There is not much information about the company at present. (This article will be updated after more information is released)