BitBuy.ca acquires domain BitBuy.com for US$1.5MM in cash and CA$2.8MM in equity

Kogan.com and Canadian crypto trading platform BitBuy.ca have entered into a domain sale agreement that will see Kogan sell the domain name BitBuy.com to Bitbuy's parent company, First Ledger.

Kogan owns and manages a portfolio of domain names, including bitbuy.com.

Under the sales agreement, Kogan will receive $1.5 million in cash and a warrant entitling the company to approximately CA$2.8 million in either equity in First Ledger or cash upon exercise of the warrant, which will occur within a year of the domain name being transferred to First Ledger.

14 domain's sold price exceed $1 Million USD in 2021

According to the public list,There are 14 domains sold for $1 million or more this year, and the minimum required to hit the top 10 was an astounding $1.945 million.

These are sales with price disclosed to the public,It is just the tip of the iceberg,as most buyers/sellers tend to remain private.

Cause it only list sales paid in cash,Sales like domain name BitBuy.com($1.5 mm in cash + CA$2.8 mm in equity) ,is not in the list

The pandemic made digital assets more important than ever before.

The 14 domains are...

Top 14 domain sold price exceed $1 million

Meta(facebook) spends $60MM in cash on Domains & Trademark to secure its new name in USA

$60MM is just the beginning,It has to acquire trademarks and ccTLD(Meta.cn,Meta.ru,Meta.fr,Meta.uk...) in various countries.The total cost for the name Meta may be Hundreds of millions dollars.

Facebook's parent company Meta is determined to spend USD 60 Million to acquire the naming rights owned by the US bank Meta Financial Group, the latter company disclosed in a recent regulatory filing. 

 In order to acquire the Meta name and related brands, including Metabank and Metafinancial

All Meta-related domain names and social media accounts are to be transferred to a shell company, Beige Key LLC, owned by Facebook.

The most important in the portofio are the right of Metabank(Trademark and domain Metabank.com), Metafinancial(trademark and domain Metafinancial.com) and MetaPay(Trademark and domain metapay.com).

The 181 Meta Domains as follows

metabank.com
metafinancial.com
metapay.com

Read More

Exodus.com domain acquired for $1,945,000

Exodus Movement,a company involved in the crypto field,has disclosed that they purchased the Exodus.com domain name for USD $1,945,000. This was revealed in a recent SEC filing(page 21):

The Company purchased the exodus.com domain name in the first quarter of 2021 for $1.9 million. The Company considers the domain name to be an indefinite-lived asset so no amortization will be recognized.

While page 21 of the SEC filing mentions the $1.9 million figure, the more precise figure of $1,945,000 can be found on page 9, where the “Indefinite-lived asset” is listed directly on the balance sheet.