JOHANNESBURGH– Gold castings of the hands of South Africa’s first black President Nelson Mandela have been sold for $10m in bitcoin.
Canadian crypto-currency exchange firm Arbitrade bought four casts from South African businessman Malcolm Duncan.
The firm said it planned to launch a global “Golden Hands of Nelson Mandela” tour to educate young people about the anti-apartheid icon’s life.
This is the first time artefacts of Mandela have been sold in bitcoin.
Mandela was jailed for 27 years for fighting white minority rule in South Africa. He was released in 1990, and served as president from 1994 to 1999. Mandela died in 2013 at the age of 95.
Duncan, who now lives in Canada, bought the casts from mining group Harmony Gold in 2002 for about $31,000.
The casts, which weigh around 9kg, include Mandela’s hand, palm and fist. They are part of a collection meant to mark the years the former president spent in prison on Robben Island.
The artefacts are believed to be the only ones left in the world.
Arbitrade has paid Duncan a bitcoin deposit that has been converted to $50,000, and the rest is expected to be paid in quarterly instalments of at least $2m.
Source: NAM NEWS NETWORK