06-12-2014 03:43 via uk.news.yahoo.com

Venture capitalist Tim Draper wins part of U.S. bitcoin auction

NEW YORK (Reuters) - Venture capitalist Tim Draper won part of the U.S. Marshals Service' auction of 50,000 bitcoins, he said in an email Friday. Draper said he successfully bid on one lot, totaling 2,000 bitcoins, on behalf of Draper Associates. The move helps fulfill his plan to invest 300 bitcoins in every startup that participates in the current session of Boost, a program for bitcoin-related startups founded by his son, Adam Draper. Draper declined to disclose the price he paid. On Thu
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