This Platform Raised Over $40 million to Buy the US Constitution and Lost

Published by
This Platform Raised Over $40 million to Buy the US Constitution and Lost

The decentralized organization, ConstitutionDAO had gathered extraordinary funding, exceeding $40 million to bid for a copy of the US Constitution that was to go up for auction on Sotheby’s platform. The entire crypto community had joined hands in donating their drop in the ocean, to win with the tagline, “We’re buying the constitution and it will be governed by the people”. However, in the exclusive turn of events, ConstitutionDAO lost the bid to a Chicago hedge-fund billionaire and Citadel CEO, Kenneth Griffin. His bid of $43.2 million won him the first-edition copy of the U.S. Constitution this Thursday.

“While this wasn’t the outcome we hoped for, we still made history tonight with ConstitutionDAO…We are so incredibly grateful to have done this together with you all and are still in shock that we even got this far.”, the decentralized group noted in a message to the community upon losing the bid.

Advertisement

Copy of the US Constitution Will be Available at this Museum

Griffin intends to lend the copy of the US constitution to the Crystal Bridges Museum of American Art in Bentonville, Ark., a museum with free admission founded a decade ago by Walmart heiress Alice Walton. While Griffin revealed his plans for the Constitution’s copy, he claimed that his aim was always to ensure mass accessibility of this sacred piece of document, where it can be viewed and appreciated by the people.

“The U.S. Constitution is a sacred document that enshrines the rights of every American and all those who aspire to be…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.”, the highest bidder, Griffin said in a statement issued by Sotheby’s.

ConstitutionDAO’s core members denied any comments on Griffin’s winning big, however, they did take to Twitter to jokingly ask “how much for citadel?” Now that ConstitutionDAO has lost the bid, they will refund the entire pro-rata amount back through Juicebox, but, the gas fees will effectively be deducted.

Advertisement

Share
Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • News

ProShares Files for Index Crypto ETF Tracking Bitcoin, Ethereum, XRP, and Solana

Leading asset manager ProShares is seeking to establish a new crypto ETF tracking the CoinDesk…

October 22, 2025
  • News

Trump Says Meeting with China May Not Happen, Bitcoin Drops

U.S. President Donald Trump has cast doubts over his meeting with China's President Xi Jinping.…

October 21, 2025
  • News

The Great Rotation? Bitcoin Rises as Gold Sees Largest Daily Drop Since 2013

Experts have indicated that a rotation might be occurring with investors moving from gold to…

October 21, 2025
  • News

Crypto Czar David Sacks to Meet Senate Republicans In Bid To Advance Market Structure Bill

Crypto and AI Czar David Sacks is set to meet with Republican members of the…

October 21, 2025
  • News

Waller Floats ‘Payment Account’ Framework to Provide Crypto Firms Access To Fed’s Payment Rails

Federal Reserve Governor Chris Waller has floated the idea of a 'Payment account' framework that…

October 21, 2025
  • Altcoin News

Aster Outpaces Lighter in Perp DEX Rankings as Wintermute Buys the Dip After Previous Dump

Aster is regaining momentum in the perp DEX space as it outpaces Lightchain in 24-hour…

October 21, 2025