A bitcoin investment fund by the name of Falcon Global Capital is looking to buy bitcoin from the FBI — 27,000 BTC, in fact. The bitcoins are those seized from the Silk Road bust late last year, and are worth just under $15 million at the present exchange rate.
According to Brett Stapper, co-founder of the fund (which describes themselves as an “SEC Regulation D Private Investment Fund that invests solely in the Bitcoin markets”), the FBI hasn’t yet approved or denied the firm’s offer. Stapper notes that Falcon’s lawyers are calling daily to follow-up on the offer.
“We have secured backing from a group of private investors to purchase all 27,000 Bitcoins for 15% below the daily value,” Stapper said to Business Insider Australia.
The following is the letter sent to the FBI:
To whom it may concern:
My name is Brett Stapper and I am the co-founder of Falcon Global Capital. We are a newly launched US based hedge fund that secures and holds Bitcoin investments for accredited investors.
I have followed the case of the Silk Road forfeiture since it occurred and recently read the update of the US government’s intention to liquidate the investment. While it seems unknown which means you will liquidate the Bitcoins through, I wanted to contact you directly to find out more about the liquidation.
Our company, Falcon Global Capital, is prepared to offer 15% below market value for the purchase of the roughly 27,000 Bitcoins you are currently holding.
In order to progress with our offer, we would require a letter of intent and no more than 90 days to secure capital with our investors for the purchase.
If you are interested in discussing more in depth, I will gladly come to your offices or you can reach me directly by email at [redacted]. If you were not interested or able to sell the Bitcoins directly, I would gladly consult [for] the US government, free of charge, on the best and most profitable ways to liquidate such a large amount of Bitcoins.
“We are young, hungry, and, eager to fill the gap between Wall Street and Bitcoin,” Stapper is quoted as saying. “This is not your ‘average’ investment fund.”
The company has previously reached an agreement with UK-based Elliptic Enterprises to safeguard the fund’s assets (which will ensure they are insured). [via BusinessInsider AU]