Agora Commodities, a company specializing in selling investment-grade precious metals, announced today that they’ve sold $10 million worth of gold and silver paid for in bitcoin.
The impressive figure comes nearly one year after the company announced it would be accepting the digital currency — some time before the secondary “rush” of interest that took place in late 2013 (following the price spike in November).
Agora dubs itself as “one of the earlier innovators in the Bitcoin market” and has become the world’s largest bitcoin-to-bullion dealer in the world. Aside from gold and silver, the company offer palladium and rhodium products as well.
These stories of success in accepting digital currency are seemingly becoming commonplace. Most recently, major retail outlet Overstock.com announced they had surpassed the $1 million mark. Electronics retailer TigerDirect also reported they had surpassed the $1 million mark recently.
But Agora has these two companies beat by $9 million (roughly). Of course, they’ve been accepting bitcoin a lot longer, but still, it’s pretty impressive.