Cryptocurrency
Crypto investors aim to buy rare Constitution copy for tens of millions
Crypto investors aim to buy rare Constitution copy for tens of millions As reported by The Hill, “Sotheby’s estimates the document will sell for somewhere between $15 and $20 million Thursday evening.” A group of cryptocurrency investors are looking to purchase a rare copy of the U.S. Constitution up for auction this week. The group, […]
Crypto investors aim to buy rare Constitution copy for tens of millions
As reported by The Hill, “Sotheby’s estimates the document will sell for somewhere between $15 and $20 million Thursday evening.”
- A group of cryptocurrency investors are looking to purchase a rare copy of the U.S. Constitution up for auction this week.
- The group, known as Constitution DAO (decentralized autonomous organization), said it has pooled around $40 million and is seeking a partner to display it.
- “The eventual home must have the expertise to properly house, store, and maintain the artifact,” the group notes on its website.
A group of cryptocurrency investors are looking to purchase a rare copy of the U.S. Constitution up for auction at Sotheby’s on Thursday.
The group, known as Constitution DAO (decentralized autonomous organization), said it has pooled around $40 million and is seeking a partner to display “one of thirteen surviving copies of the Official Edition from the Constitutional Convention.”
“The eventual home must have the expertise to properly house, store, and maintain the artifact,” the group notes on its website.
“Additionally, the community has expressed strong preferences for institutions that are free to the public and willing to cover the costs associated with housing the document,” they added.
CNN reported that DAO investors have primarily been using Ethereum, one of the world’s most valuable cryptocurrencies. The outlet noted that Sotheby’s began accepting cryptocurrency earlier this year during its sale of a work by the artist Banksy.
Sotheby’s estimates the document will sell for somewhere between $15 and $20 million Thursday evening.”