Back
Ross Ulbricht's Auction Raises $1.8M in BTC 🎨

Ross Ulbricht's Auction Raises $1.8M in BTC 🎨

Source: theblock.co5/31/2025

An auction of personal items and artwork by Ross Ulbricht, the founder of Silk Road who was pardoned by President Trump, has gathered over $1.8 million in Bitcoin. Items included Ulbricht's sleeping bag, backpack, and drum from before his arrest, as well as locks, notebooks, clothing from his time in prison, and several pieces of art he created during incarceration. Ross explained his decision to auction these items: "I've left Arizona, where I was imprisoned. It's time to move on, so I'm downsizing and turning the page. I've chosen to auction some personal items from before and during my time in prison." One highlight was Ulbricht's final prison ID, which went for 11 BTC, over $1.1 million, with Ulbricht noting his refusal to stop smiling despite being in prison. A highlight from the art section was "Archway," co-created with another prisoner known as "Omega," which fetched 1.01 BTC. Ulbricht remarked, "I loved the look of this archway in a photo so much that I had to paint it. It felt like passing through it would lead to something better." The auction was managed by Scarce City, a marketplace for Bitcoin-related goods.

FAQ

  • Who is Ross Ulbricht?

    Ross Ulbricht is the founder of the Silk Road, an online marketplace known for its widespread use of Bitcoin.

  • What items were sold in the auction?

    Items such as a sleeping bag, backpack, prison artifacts, and several artworks created by Ulbricht were sold.

  • How much was raised in the auction?

    The auction raised over $1.8 million in Bitcoin.