A total of five people bid on $1.6 million in bitcoin the government auctioned on Monday, according to Inverse, which begs the question: why did so few seek to bid on the last block of bitcoins the government was auctioning from the Silk Road bust of 144,000 bitcoins?
The U.S. Marshals Service (USMS) auctioned the block of 2,700 bitcoins on Monday. In six hours, someone placed the winning bid. Monday’s auction followed 44,000 bitcoins (estimated at $14.6 million) sold to four winners out of a pool of 11 bidders for Silk Road related assets.
https://www.cryptocoinsnews.com/final-silk-road-auction-1-6-million-value-draws-only-5-bidders/
