Ross Ulbricht Auctions Prison Memorabilia, Raising $1.8 Million in Bitcoin

In a surprising move, Ross Ulbricht, the founder of the infamous Silk Road online marketplace, auctioned personal memorabilia from his time spent incarcerated for over $1.8 million worth of Bitcoin in January 2025. The sale, facilitated through a dedicated platform, highlights the enduring public fascination with Ulbricht’s story and the complex history between Bitcoin and the Silk Road. Though Bitcoin experienced an 8% price decline during the auction period, the event garnered significant attention within the cryptocurrency community due to its direct connection to Ulbricht’s past legal battles.