PR: Sold for $500k


According to a press release this morning  on Yahoo Finance, “XBT Holding Limited announced the acquisition of the domain name, for the reported amount of $500,000.” It appears that the registrant information for the domain name changed in the middle of May from a Tortola company to its current registrant.

If the domain name sounds familiar to you, perhaps that is because it sold for $352,500 in Sedo’s Great Domains held in May of 2011. XBT also reportedly acquired the domain name for $300,000 at an auction last year. It does not appear that has launched yet based on the landing page I currently see, but you can sign up to receive updates when the brand launches.

Acquiring is a good example of a company paying a fair price for an excellent domain name that will help grow and expand its core business.

About The Author: Elliot Silver is an Internet entrepreneur and publisher of Elliot is also the founder and President of Top Notch Domains, LLC, a company that has closed eight figures in deals. Please read the Terms of Use page for additional information about the publisher, website comment policy, disclosures, and conflicts of interest. Reach out to Elliot: Twitter | Facebook | LinkedIn


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