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Address tied to Silk Road BTC auction winner deposits 1,000 BTC to Coinbase Prime

July 03, 2026, 1:29 AM
An address suspected of belonging to venture capitalist Tim Draper deposited 1,000 BTC, worth $61.82 million, to Coinbase Prime about seven hours ago, according to Lookonchain. Draper is known to have purchased approximately 29,656 BTC in a 2014 U.S. Marshals Service auction of assets seized from Silk Road. He acquired the coins for $632 each, a total investment of $18.7 million, which is now worth approximately $1.82 billion.

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