Josh Metnick who is best known in the domain world as having owned Chicago.com, just purchased a 20% interest in the domain name Conferences.com for $50,000, and in what maybe a first, the purchase price for the %20 interest was paid entirely in Bitcoin (BTC)
The domain name Conferences.com is owned by another top domain investor, Merlin Kauffman.
Josh tells me that he has been in negotiations for about three years on acquiring an interest in the domain name
The 20% sale for $50,000 places the valuation of the domain name at $250,000.
The parties plan on developing out the domain.
The valuation of Bitcoin on the day of the transaction was $866 per Bitcoin.
This may be a first in the domain world, and it may be the highest Bitcoin (BTC) domain purchase of any kind at this valuation.
Last week it was reported that a Telsa was purchased for 91.4 Bitcoins which at the time was valued at $103,000
We wish Josh and Merlin the best with Conferences.com…
