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Biggest .co flip ever — bought for $25, sold for $300,000
Kevin Murphy,
May 14, 2021, 17:37:53 (UTC),
Domain Sales
A domain investor has reportedly sold the domain eth.co for $300,000, making it the second-highest amount a .co domain has sold since the ccTLD relaunched in 2010.
Domain marketplace Efty today reports that MagnumDomains used its platform to sell the domain via its buy-it-now function, with no broker involvement.
eth.co is expected to refer to Ethereum, the blockchain cryptocurrency, but it doesn’t seem to be clear whether the buyer is an end-user or fellow investor.
It’s believed to be the second most-expensive .co domain ever sold, and the most-expensive sold by a domain investor.
The previous record-holder is o.co, which .co registry .CO Internet (now part of GoDaddy) famously sold to Overstock.com for $350,000 during its relaunch back in 2010.
The eth.co seller bought the domain for $25 back then, before Ethereum existed, and has been sitting on it ever since, according to Efty.
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