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Billionaire Hedge Fund Manager Ken Griffin Outbids Crypto Investors At An Auction

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The billionaire hedge-fund manager and founder of Citadel has outbid a group of cryptocurrency enthusiasts at an auction that had one of the rarest and first-printed copies of US Constitution on sale.

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The billionaire hedge-fund owner paid $43.2 million to win the bidding war and snatched away the US Constitution to his name.

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He plans to donate it to the Crystal Bridges Museum of American Art. The museum is located in Bentonville, Arkansas.

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Talking about his $43.2 million decision to win the rarely first-edition US constitution, he said “The US constitution is a sacred document that enshrines the rights of every American and all those who aspire to be,” Griffin said.

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“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,” he added further.

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The presale estimate of the rare first edition of the US constitution was in the range of $15 – $25 million but the billionaire hedge-funder manager ended up paying 2x the amount.

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Billionaire Hedge Fund Manager Ken Griffin Outbids Crypto Investors At An Auction