Bitcoin Domain BTC.com Sells for $1.1 Million

Domain names can still fetch top dollars as witnessed this week with the $1.1 million spent by Josh Garza of Connecticut-based mining equipment firm GAWMiners to acquire BTC.com.

Garza told Cryptocoinsnews' (CCN)  that he had some "huge things in the works" for the mining world and digital currencies.
"Investors that are looking at Bitcoin will see this acquisition as another sign that it is worth investing in Bitcoin and Bitcoin related companies," Fargo wrote.
The rare domain name was exclusively brokered by Domain Guardians.

Bitcoin related domains have commanded a few hundred thousand dollars in recent months as demonstrated by the recent $250,000 sale of bitcoinwallet.com.

A US court had earlier blocked the planned auction of the coveted domain name bitcoins.com,  owned by the founder of now defunct bitcoin exchange Mt Gox.  This order was put in place to prevent a sale of the exchange’s assets.

- Aaron Goldstein, Gambling911.com