Bitcoin Online Gambling Website SatoshiDice Sells fo $11.47 Million

Dublin-based Bitcoin online gambling website SatoshiDice has sold for126,315 BTC, which at the time of the sale translated into $11.47 million. 

SantoshiDice claimes to be “the most popular Bitcoin betting game in the universe”.  It was launched just over one year ago by Erik Voorhees, who confirmed the sale Tuesday morning.
“I believe this to be a solid, desirable, and fair outcome for those who have put their trust in S.DICE.”

This is the first major Bitcoin acquisition to date.

John Bridge, MD at BitCapital, told CoinDesk questioned the sale and who the buyer might be as this was not immediately known.

“I presume it’s a significant existing gaming institute that’s bought it. If it has gone to one of the major players in the gaming industry and they’re looking to expand beyond the SatoshiDice model, that would be positive for bitcoin as it would give it greater exposure to people who don’t currently know about it,” he said.

- Aaron Goldstein, Gambling911.com