Monday 4 August 2014

BTC.com domain sold for a record $1,000,000 to a Bitcoin mining hardware company called GAWMiners

Bitcoins have been a favorite subject in technology sector for a while now and to own a domain called BTC.com is amazing for all purposes but to buy it for 1 million USD is a differnt ball game all together.  As per a report published on domaininvesting, the BTC.com domain was sold to a Bitcoin mining hardware company called GAWMiners owned by Josh Garza for $1,000,000 by domain brokering company, Domain Guardians.

BTC.COM domain sold for a record $1,000,000 to a Bitcoin mining hardware company called GAWMiners

Domain Guardians announced the sale through Twitter with this tweet :

As per Domain Investing, btc.com domain name registration remains under privacy, and the landing page is being set up.  The new owner of btc.com says that "Something Amazing is coming soon."  The news of the sale was leaked by Domain Investing two month back but the deal took place over this weekend. Jen Sale, Co-Founder of Domain Guardians while commenting on the sale said that, “Your domain name is the foundation of your online brand.” Sale further added the virtues of owning a domain like btc.com, “Flagship domains like BTC.com solidify brands by empowering users to easily discover, remember, share and recognise your company online. The right domain name can take your brand to new levels.”

According to Domain Guardians, this is the largest public Bitcoin-related domain name sale of all time. BitcoinWallet.com sold for $250,000 back in February, and the domain name is already being used for a startup in the Bitcoin space. There have been a number of other Bitcoin-related domain name sales in the last several months, and CoinDesk published an article about this market.

Domain Investing also made a interesting observation that it now appears to me that most of the best exact match Bitcoin.com domain names are owned by end user companies.

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