Bitcoin Forum

Looks like they aren't wasting time. This is probably the fastest growing bitcoin hardware supplier.

http://www.ibtimes.co.uk/bitcoin-domain-btc-com-sold-1-1m-1459644

That's an insane amount. What are they planning on doing with it?

They're showing up everywhere, it seems! Are their miners good? I just wondered where BFL.com gets me. "Body for Life" They seem to be selling gym stuff and pumping... stuff...

Seeing someone buying BTC.com for 1.1million makes me think the current market cap is low.  Seems like a ton of money when you can buy a decent domain for $1k and build a brand for the rest of the money saved.

WOW!

Bitcoin is gonna have a trillion dollar marketcap most likely anyway, so this is probably "cheap" compared to what it would be in the future.

I had the pleasure of running their signature campaign and they were always on time with the payments. I also used their hosting services and can't say a bad word.

So, the domain was first registered in 1997?

Wow, I wonder how much an actual Bitcoin will be worth in 17 years.

Maybe $650 x 6500 ($1.1 Million/$170, cost of maintaining the domain over 17 years)

around $4,200,000 per Bitcoin?

This reminds me that BicoinWallet.com was sold for 2 million USD and now they advertise themselve on Google as official bitcoin wallet :D

Yeah, incredible, isn't it? But all 3-letter-domains have been sold for years now! They're so universally usable and the entropy isn't that high (about 17576 domains) that they were registered by domain squatters pretty quickly. Who was the previous owner?

It doesnt seem to be doing too well IMO, and it was bought for 250k along with bitcoinwallets.com.

btc.com is a valuable domain!

Im part of it too, great deal, thanks again for running it :)

so the previous owner of BTC.com must have declined offers of $100k, $250k, $500k, $750k, $900k, $1Million, and then he said "yes" to $1.1 Million...amazing!!!

wow !! pretty high amount paid by them .. I think blockchain.com holds the previous rights for BTC.com , if i am not wrong blockchain baught it for few thousand usd in recent months ... and now BINGO  :o

Update! Coindesk just posted this:
http://www.coindesk.com/btc-com-domain-sold-gawminers-record/

Amazing, with 1.1 million USD for a website, they must expect to earn 11 million or 110 million

Only if bitcoin rally and grow in the future.

That's quite a lot. But for a miner company that have been the winners of this whole cryptocurrencies trend,I don't find it uprising that they own a majority of the money that has been realized so far. Also they may expect much larger profits through the site,though I'm not entirely or completely sure how will go about achieving that goal.

Paying 1.1M for it is quite the gamble, but good for the firm that got the money. They also hold other BTC.xx domains.

This is unlikely. They probably expect to make at least an amount that has a NPV of $1.1 million. There are very few opportunities to be had when someone can reasonably expect to earn 10x or 100x your original investment.

It really doesn't matter if their hardware business works or fails. The btc.com domain can be used for almost anything.. While its expensive, I believe that that domain will be worth 10x the amount in a few years..

If things are going well in respect of Bitcoin, they could easily sell that domain at a premium to another entity if they didn't plan on using it any further. I mean, BTC.com has to be one of the absolute topmost domains in regard to, well... BTC!

I get the impression that this is only a beginning. Apparently it seems that GAW is aiming to be the best and the biggest company on the market. Their recent rapid development clearly shows that. If they keep that pace one day they will be as big as one of the 'Dow Jones 30'...