18 Jul '13, 12pm

Bitcoin company acquisitions begin: Gambling site SatoshiDice sells for $11.5m (126,315 BTC)

Bitcoin company acquisitions begin: Gambling site SatoshiDice sells for $11.5m (126,315 BTC)

Blockchain-based betting game SatoshiDice has been sold for 126,315 BTC, which at the time of writing was worth around $11.47 million. SatoshiDice (S.DICE), which claims to be “the most popular Bitcoin betting game in the universe”, was launched by its operator Erik Voorhees in late April 2012. The company’s shares have since been traded on MPEx, the Romanian Bitcoin securities exchange. Yesterday evening (17th July), Voorhees announced the sale of the company , stating: “I believe this to be a solid, desirable, and fair outcome for those who have put their trust in S.DICE.” This is interesting news to the digital currency community as, to date, this is the first major acquisition of a company in the bitcoin space. What else is unusual is that the company was bought with bitcoin, not US dollars or another fiat currency. The sale price works out at 0.00126315 BTC per share ...

Full article: http://www.coindesk.com/bitcoin-company-acquisitions-begi...

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