Highly Sought-After Bitcoins.com Domain Name Up For Auction Later This Month

We know that Bitcoin.com is involved in a five-year deal with Blockchain.info, but what about the highly sought-after bitcoins.com domain name?

There’s now a chance to pick up the domain, with news today that the domain will hit the auction block later this month as part of Heritage Auctions’ Domain Names & Intellectual Property Auction, which will see the sale of a slew high-value of web addresses.

The domain was owned by Mark Karpeles, CEO of the Mt. Gox bitcoin exchange, which took a devastating tumble into bankruptcy protection following the loss of investor monies earlier this year.

“We are hoping, with the sale of Bitcoins.com, to provide some relief to the people impacted by the Mt. Gox bankruptcy,” said Mr. Karpeles in a press statement, “and [we’ll] be putting at least half of the sale amount toward that purpose.”

The domain is expected to fetch a pretty penny (or should we say bitcoin?), given bitcoin’s explosive growth over the past eighteen months.

“Bitcoins.com is absolutely the best remaining, and available name for this new market,” said Aron Meystedt, who serves as Founder and Director of the Domain Names & Intellectual Property category at Heritage Auctions. “Bitcoin.com, the singular version, is owned and used by Blockchain.info, the world’s most popular bitcoin wallet, and Bitcoinwallet.com itself is also already tied up. For the right investor this is a golden opportunity.”

Bitcoins.com was one of the few valuable intellectual property items Karpeles and Mt. Gox held. Mt. Gox also held a trademark for ‘Bitcoin’ in both the European Union and Japan.

“The current market capitalization of all bitcoins in circulation is between $7 billion and $8 billion,” continued Meystedt. “Daily, there are millions of dollars in transactions in Bitcoins. This auction offers the opportunity to capitalize on one of the most significant developments since the inception of the Internet.”

The auction is slated to begin on the 24th of July and could fetch over $750,000, according to estimates. The opening bid will start at $185,000.

Subscribe to our newsletter

April’s news that Blockchain.info would be managing the ‘Bitcoin.com‘ domain name for a period of five years made a splash in the community. It’s prime internet real estate, not to mention easy to remember.

A premium domain broker is now attempting to sell the revered BTC.com domain name. If the fact that a three-letter domain name wasn’t enough, it also represents the most common abbreviation of bitcoin.

So if you’re not getting the point here, it’s a rare domain, and it’s likely anything but cheap.

“Whether you’re a Bitcoin startup or existing company wishing to solidify your authority and optimize your marketing, there is no better opportunity than acquiring BTC.com,” said Jen Sale, co-founder of Domain Guardians, the company exclusively brokering the domain name. “In the right hands, this domain has the power to change the Bitcoin landscape and establish a market leader.”

Interestingly enough, domains related to bitcoin are becoming a big business in themselves. Take, for example, the recent sales of BitcoinWallet.com, which is estimated to have sold for $250,000. Another noteworthy domain sale included BTCS.com, acquired by Bitcoin Shop, Inc. for an undisclosed sum.

“For Bitcoin related companies, BTC.com is the best domain name currently available for sale that I am aware of,” says Roger Ver, a bitcoin evangelist who’s better known as “Bitcoin Jesus” in the community. “Any business using BTC.com would almost certainly catch a lot of extra attention because of this premier domain name.”

“In our fast-paced mobile world, a shorter name is always best,” said Mike Robertson, co-founder at Domain Guardians. “There’s a reason companies are buying and using 2-3 letter domain names – they are quick to type and easy to remember. BTC.com ticks all of the right boxes!”

No word as to whether or not the broker will be accepting bitcoin for the acquisition, but you can probably bet it’s going to be a pricey one!

Niko Younts BitcoinWallet

Bitcoin has become big business, if you weren’t already aware. So it should be no surprise that bitcoin-related domain names are going for a pretty penny while on the market.

Such is the case with BitcoinWallet.com — a domain name owned by entrepreneur Niko Younts. Younts tweeted that the domain fetched a whopping $250,000. But it doesn’t end there. Younts has a similar domain, BitcoinWallets.com (plural) that is expected to bring in $200,000. That’s nearly a half-million for two domain names. The domains were registered in 2010 and 2011, respectively.

A quick Whois of the bitcoinwallet.com domain shows it’s in the possession of Alex Charfen — a self-described entrepreneur, teacher, author and speaker. It’s unclear what Charfen plans to do with the domain, but with a six-digit price tag, you can bet it’ll be serious business. (via CoinDesk)

What do you think? Vastly overpriced or worth every cent?