A notebook inscribed Buy Bitcoin was sold at auction for $1 million

Auction house Scarce.City reported the sale of a notebook labeled Buy Bitcoin. The piece of paper became a meme thanks to a TV airing from the U.S. Congress seven years ago. The lot went for 16 BTC (about $1 million).

The lot was a record price for the auction house. The event for the sale of the notebook took place in a bitcoin bar called Pub Key in New York. According to the information provided by the auction house, the new owner of the notebook was an anonymous customer under the nickname Squirrekkywrath. He is considered an industry veteran in the cryptocurrency community.

The proceeds from the sale of the notebook are promised to be used to develop a cryptocurrency wallet in the Lightning network based on the decentralized Urbit platform. The founder of the project is Christian Langalis, the author of the inscription on the notebook.

A leaf from a notebook labeled Buy Bitcoin became a meme after coming into view of television cameras during a speech by Federal Reserve chief Janet Yellen in 2017.

Christian Langalis was then a 22-year-old intern in the Congressional office and took the opportunity to show the inscription from behind an official in the middle of a meeting of the House Financial Services Committee. A short time later, the intern was forcibly removed from the room. And the inscription gained cult status. Christian Langalis was given the Internet nickname Bitcoin Sign Guy.