Going, going, gone...BTC.com domain sells for $1.1 million

Going, going, gone...BTC.com domain sells for $1.1 million

The BTC.com domain name has been sold to a Connecticut-based mining equipment specialist for a record $1.1 million.

Josh Garza, CEO of Conn.-based GAWMiners, snapped up the coveted URL from Domain Guardians, after it had been on the auction block for just under a month.

Garza has yet to reveal his plans for the domain, leaving a holding page with the headline splash 'Something amazing is coming'.

The huge price commanded by the domain has raised the stakes for former Mt. Gox CEO Mark Karpeles, who announced plans to sell bitcoins.com in an auction that was scheduled to take place lat last month.

Karpeles - who was selling the asset from his own company Tibanne KK - said half the cash raised from the sale would go towards those who lost out from the collapse of the Japanese cryptocurrency exchange.

Unfortunately for Karpeles, the much-anticipated auction was withdrawn after startup CoinLab successfully contested the action in a Seattle district court.

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