Key Takeaways
- The 'Buy Bitcoin' sign was auctioned for 16 BTC, amounting to over $1 million.
- Christian Langalis, the creator of the sign, was escorted out of a 2017 hearing for displaying it.
- The auction's proceeds will fund a Bitcoin software project.
Christian Langalis, known as “Bitcoin Sign Guy,” auctioned the “Buy Bitcoin” sign that he held up behind Janet Yellen during a 2017 hearing.
The sign fetched 16 Bitcoin, equivalent to over $1 million.
Details of the auction
The auction was held on the Bitcoin platform Scarce City, ending on April 24 with “Justin” or “Squirrekkywrath” as the winning bidder.
After Scarce City’s 15% fee, Langalis will receive approximately $875,000.
Historic moment and future plans
Langalis was escorted out of the 2017 hearing for displaying the sign, which subsequently led to a 3.7% increase in Bitcoin’s price that day.
He plans to invest the proceeds in a Bitcoin software project.
