The last Silk Road Bitcoin auction saw only 11 bidders

Today, the United States Marshals Service (USMS) held its fourth (and final) Silk Road Bitcoin auction as scheduled. It is reported that these Bitcoins ( 44,341   BTC), attracted only 11 registered bidders, the same as the second one held in December 2014.

The government agency said 11 registered bidders placed 30 bids for 22 Bitcoin blocks at today’s auction. Twenty-one of the blocks contained 2,000 BTC each (about 5.26 million yuan at press time) and the last block contained 2,341 BTC (about 6.15 million yuan).

The number of participants has dropped significantly again. In the first auction held in June 2014, 30,000 BTC attracted 45 registered bidders and generated 63 bids. Tim Draper, the investor who bought the 30,000 BTC in the first auction, revealed to CoinDesk today that he did not participate in this bidding.

The third auction, held in March 2015, saw a slight increase in the number of bidders, with 14 registered bidders generating 34 bids, with the majority of the bitcoins reportedly going to the mysterious Cumberland Mining company.

A spokesman for the government agency said bids submitted by bidders are currently in the "evaluation process" for review and auction.

The U.S. Marshals Service stated:

“No further information will be released until the auction is complete. The Bitcoins will be transferred to the winner when the financial (USD) transaction is completed.”

According to the Marshals Service, once the transaction is completed, the first bidders who win the Bitcoin at the auction can announce their bid results next Monday, US time.

－－－－

Original article: http://www.coindesk.com/bidder-turnout-low-silk-road-bitcoin-auction/
By Pete Rizzo
Compiled by: Satuoxi
Editor: Satuoxi
Source (translation): Babbitt Information