Dropping BTC Price Not a Good Excuse to Default

After a short negotiation on Dan.com last week, I agreed to sell a domain name for six figures. It’s a domain name I had discussed with this prospective buyer before, and he accepted a counteroffer I made on May 4th. I was hoping to close the deal promptly to fund a couple of other purchases I have in the works, but it has not yet closed.

My Account Manager at Dan.com has been keeping me apprised of the transaction status. It appears this deal may not close. The buyer wants to pay for the domain name with Bitcoin, which can be done via Dan.com. Unfortunately, the price of Bitcoin has taken a hit over the last several days. Around the time of the sale, Bitcoin was hovering just shy of $40,000/coin. The price of BTC is now around $33,000/coin. I am told the buyer indicated he can no longer pay for the domain name due to the dropping price of BTC.

BUX Gets Bux.com After Bux Shuts Down

In 2018, SmartCompany published an article about a company called Bux that shut down after raising a substantial amount of funding. According to the article and corroborated by a Crunchbase profile, Bux had raised $65 million in funding before shutting down. Bux was a mobile bill paying platform, and it operated on the Bux.com domain name.

When it comes to a valuable generic domain name like Bux.com, a corporate shut down doesn’t mean the end of life for the domain name. Another company called BUX appears to have acquired the Bux.com domain name. Jamie Zoch tweeted about it this morning:

Pixy.com Was Acquired by Snap

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In January of this year, I noticed that Pixy.com changed hands. The domain name had long been owned by Digimedia, and it transferred to GoDaddy under Whois privacy. A couple of months later, the domain name transferred to MarkMonitor, also under Whois privacy.

It is now clear what company acquired Pixy.com. Snap, Inc. announced a new drone camera called Pixy:

GetUpside Gets Upside.com and Rebrands

A retail technology company called GetUpside, which offers consumers cashback for purchases at retailers, announced it rebranded following a large Series D round of funding. The company shortened its brand name to Upside and acquired its brand match upside.com domain name.

According to the blog post announcing the rebrand and funding round, Upside has achieved unicorn status with a $1.5 billion valuation.

I Wouldn’t Even Consider Buying These Domain Names

Over the weekend, Tony Names shared a list of domain names he sold that are now developed.

I do not know Tony personally and we’ve only interacted on Twitter, but from what I gather, he is a relatively new entrant into the business of domain investing. This means these domain names were fairly recent sales, and having this many sold domain names developed into websites is quite impressive to me.

Acquisition.com Reportedly Acquired for $350,000 (Updated)

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Keen Domains shared a video with me on Twitter that seems to reveal a previously undisclosed domain name acquisition. The Acquisition.com domain name is operated by Alex Hormozi, and in the video embedded in the tweet below, he shares that the domain name was acquired for $400,000 $350,000 (see update below):

$400,000 for Acquisition.com seems like a reasonable price for both buyer and seller.