Anyone see for how much?
Or did you mean something else?
By your same logic, the coins he bought are hardly worth anything because if he tried to sell them it would just crash the price. There is only about 5k worth of buy orders in the book at the moment.
In fact, if he paid above market price, it would be in his interest to make sure the number got 'leaked' to encourage rampant speculation to drive up the price beyond what he paid.
>Vaurum has launched trading platforms in emerging markets, and we will be partnering with Tim to leverage the pool of 30,000 bitcoins as a liquidity source
1. He doesn't want to put $2M in any exchange or spread out over multiple exchanges to buy a large amount.
2. There is no cleaner accounting than to buy 30k in one swoop and from the USMS.
3. For very little risk, he either gets it or he doesn't.
Do you have a link to those other bidders' claims?
Can't reply, so I'll add it to this comment. As stated by others, the only way to purchase a large amount of bitcoins without jacking up the price is to do it in one large sum. By bidding over market price, he ensured that he would get this chunk of 30k coins without affecting the market.
So how is this justified?
It takes into account multiple exchanges, not just one.