‘Buy Bitcoin’ Sign Sold for Over $1M at Auction
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The iconic ‘Buy Bitcoin’ sign that was held up behind Janet Yellen was sold at an auction for 16 BTC.
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Proceeds from the auction will go to fund a Bitcoin layer-2 startup called Tirrel Corp.
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The iconic ‘Buy Bitcoin’ sign held behind Janet Yellen during her televised Congressional testimony in July 2017 has been auctioned off for 16 BTC, or just over $1 million.
Scarce.City, the auction house that facilitated the deal, said it was a record amount for the auction platform.
The auction itself was held at PubKey, a Bitcoin-themed bar in New York City.
The sign’s new owner is someone who goes by the handle of Squirrekkywrath, according to a tweet from PubKey.
Not much is known about its new owner. The head of research at Galaxy, Alex Thorn, said he’s a “bitcoin OG that no one has ever heard of.”
In a prior interview with CoinDesk, Christian Langalis, who held up the sign, said the proceeds would go to fund his startup, Tirrel Corp, which is developing a Bitcoin Lightning network wallet on Urbit.
After holding up the sign during a 2017 House Financial Services hearing, Langalis was escorted out of the building for violating committee rules – all the while, the image was going viral on the web.
Edited by Parikshit Mishra.
