For the auction house, this lot set a new record price. The New York City Bitcoin bar Pub Key hosted the notepad sale event. An anonymous customer going by the handle Squirrekkywrath purchased the legendary item at auction, as reported by the auction house. The cryptocurrency community regards him as a seasoned veteran of the industry.
The development of a Lightning network crypto-wallet based on the decentralized Urbit platform is promised to be funded by the proceeds of the notebook sale. The creator of the notebook’s inscription, Christian Langalis, is also the project’s founder.
In 2017, during a speech given by Federal Reserve Chair Janet Yellen, a notepad bearing the words “Buy Bitcoin” was captured on television and quickly became a meme.
During a House Financial Services Committee meeting, Christian Langalis—a 22-year-old congressional intern at the time—showed the official the inscription from behind. The intern, who would later become known online as “Bitcoin Sign Guy,” was removed from the premises by force a short time later. The inscription became a sacred text in and of itself.
In the past, a digital artwork depicting Genesis Cat—made by the Taproot Wizards project team as an Ordinals protocol NFT—was sold at Sotheby’s auction for $254,000.