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World NewsCitadel CEO Ken Griffin pays $43.2 million for Constitution copy, outbidding crypto...

Citadel CEO Ken Griffin pays $43.2 million for Constitution copy, outbidding crypto group

Ken Griffin, the founder and CEO of Citadel.

E. Jason Wambsgans | Tribune News Service | Getty Images

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Ken Griffin, billionaire CEO of hedge fund Citadel, paid $43.2 million for a first-edition copy of the U.S. Constitution at a Sotheby’s public sale on Thursday, outbidding a group of cryptocurrency buyers.

The quantity greater than doubles its $20 million excessive estimate, setting a world public sale file for any e book, manuscript, historic doc, or printed textual content, based on Sotheby’s.

A band of greater than 17,000 crypto fans, recognized as ConstitionDAO, had crowdfunded greater than $40 million through social media earlier this week in a bid to win the public sale. Sotheby’s mentioned it was the most important crowdfunding initiative ever put collectively.

Griffin intends to lend the piece to a free Arkansas artwork museum, a Citadel spokesperson mentioned.

“The U.S. Constitution is a sacred document that enshrines the rights of every American and all those who aspire to be,” Griffin mentioned in an announcement. “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.”

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