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Here are some words I never thought I’d type: the hedge fund CEO that bailed out GameStop short sellers earlier this year just secretly outbid a hyped-up bunch of crypto lords for an ultra rare copy of the original U.S. Constitution. Earlier this year, billionaire Kenneth Griffin became public enemy number one for GameStonk acolytes. Now he’s pulled the rug out from under another bizarre online clique: ConstitutionDAO.
As detailed extensively in a series of recent reports by Vice, crypto enthusiasts formed ConstitutionDAO in an attempt to meme a new decentralized form of political order into existence by purchasing a copy of the Constitution. Like the plot of a BioShock game, things quickly descended into chaos as the group, which raised a whopping $40 million, got out-bid at auction by a secret buyer fronting just a few million more, leading to the most expensive sale of a historical document ever at $43.2. There are 13 copies of the Constitution still in circulation, the last one of which sold in 1988 for less than $200,000.
Today, Griffin broke the news that he was the one who thwarted ConstitutionDAO’s plans. “The U.S. Constitution is a sacred document that enshrines the rights of every American and all those who aspire to be,” Griffin told Barron’s in a statement. “That is why I intend to ensure that this copy of our Constitution will be available for all Americans and visitors to view and appreciate in our museums and other public spaces.” The document will begin its new journey at the Crystal Bridges Museum of American Art in Bentonville, Akansas.
Read the full article on Kotaku
