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BTC.com Has Been Sold For Record $1.1 Million

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by Konstantin Lazarev · 2 min read
BTC.com Has Been Sold For Record $1.1 Million
Image: www.btc.com

The bitcoin mining equipment specialist GAWMiners has bought the domain name BTC.com for a record price of $1.1 million.

The domain has stayed on the market for less than a month before the deal was secured by the GAWMiners CEO Josh Garza.

GAWMiners is a big mining hardware company based in Connecticut has a wide range of SHA-256 and scrypt ASICs, it also sells Hardware from Bitmain, Gridseed, Innosilicon, Rock Miner, SilveFish and its own brand machinery.

Though it is still not clear what exactly Josh Garzo is planning to do with the newly acquired domain.

The sale of BTC.com is just one more sale among other recent domain name acquisitions. However, not to forget that this news shows a range of opportunities for both brokers and investors that exist in the domain name industry with the entry of bitcoin.

In February this year, an investor Niko Younts announced that he had sold BitcoinWallet.com for $250,000 to an entrepreneur Alex Charfen from Austin. Interesting that Younts had initially bought the domain name for only $11,000. Moreover, he also mentioned his another domain name, BitcoinWallets.com, additing that it was placed on the market for a similar price, $200,000.
Nevertheless, not all the domain names has been offered a high price.

Last month, former CEO of bitcoin exchange Mt. Gox, Mark Karpeles announced the auction of domain name Bitcoins.com. The auction was made in regards to those that lost money in the now bankrupted bitcoin exchange. However, a Seattle court asked to block the sale and as a result the auction was canceled.

Bitcoin-related domains offer buyers the investment opportunity and also the chance to catch consumer interest with easy-to-use URLs.

In April, Blockchain.info signed a 5-year deal to operate Bitcoin.com, which had previously been used by Coinbase to attract bitcoin enthusiasts.

Blockchain mentioned it would use the domain name to attract consumers unfamiliar with bitcoin,  in June this year it officially relaunched . The company now uses the site as a learning platform for people who wan to learn about bitcoin and digital currency.

Bitcoin News, Cryptocurrency news, News
Konstantin Lazarev
Co-Founder & CIO Konstantin Lazarev

Konstantin has always been at the forefront of the global virtual currency scene since first discovering cryptocurrencies the same year that Satoshi Nakomoto created bitcoin in 2009. Konstantin is the owner of a number of small businesses in trucking and mobile development, and co-founded CoinSpeaker in 2014. He graduated from Belarusian State University in 2009 with a degree in Mathematics and Mechanics. You can contact Konstantin via [email protected]

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