According to a report on CoinDesk this morning, the BitcoinWallet.com domain name was sold for $250,000, and the buyer is reportedly an entrepreneur named Alex Charfen. CoinDesk shared more information about Charfen in its article, although the purchase doesn’t appear to have been officially confirmed by him yet.
The seller of BitcoinWallet.com is Niko Younts, who reported this sale on his Twitter account yesterday. According to Younts, the sale was transacted at Escrow.com, and Younts sent me a copy of the closing statement as confirmation. Due to Escrow.com’s policies, the company does not release any transaction information unless approved be all parties.
The BitcoinWallet.com domain name is currently registered under privacy at GoDaddy, but for a brief period this week, the information was public, and it revealed Charfen as the registrant. According to my research at DomainTools, Younts was first listed as the domain name’s registrant this past December. I reached out to Younts for comment, and he was able to share some information about his ownership:
“The name was acquired for $11,000. I initiated contact with the prior owner on 12/8 and the Escrow closing statement was filed and domain landed in my account on 12/24.“
Based on what Younts has told me, it looks like he was able to make over $230,000 profit in just over a month when you include the escrow fee. Not too shabby! You can read more about Younts and his domain investments on his NeverLoseVision.com website.
Making this even better, Younts was able to acquire similar domain names before the sale of BitcoinWallet.com was revealed. “After the sale, I very quickly and very quietly began rounding up the others in the aftermarket. I was very impatient and rightly so, nervous. Somehow, I managed to land the rest of these within six days without any red flags or competition,” Younts told me. Younts now owns BitcoinWallets.com, BitcoinWallet.net, BitcoinWallets.net, and a few other similar domain names in different extensions.
Congratulations to Younts on making these smart acquisitions and sales. $200k+ in profit in a month is a great way to start the year, and hopefully it’s just the beginning of an exceptional year for him.