Martin Shkreli Tries To Buy “The Life Of Pablo” for $15 Million in Bitcoin

February 16, 2016 12:30 UTC

Martin Shkreli claims to have been swindled of the $15 million he intended to send to Kanye West to own the exclusive rights to the rapper’s new album, “The Life Of Pablo.” The beleaguered American entrepreneur also claims to have spoken with Satoshi Nakamoto.

There’s been no link given to the sizeable Bitcoin transaction, which would be publicly verifiable on Bitcoin’s public ledger.

What’s quite possible is Shkreli is merely trolling, and none of this ever happened. Shkreli has not publicly spoken on Bitcoin in the past, and originally told West he had arranged for a loan to be made so that he might buy the new West album to make it part of the so-called “Shkreli Collection,” which so far includes Wu-Tang Clan’s $2 million album, Once Upon A Time In Shaolin.

Shkreli rose to fame after receiving widespread criticism for raising the price of Daraprim – an antiparasitic drug 5,556 percent. He’s been referred to as the “most hated man in America.” He maintains his price increase would, first and foremost, harm insurance companies. The public did not buy the story.

His initial offer to buy the new West album of $10 million went ignored, and so he upped it to $15 million. Apparently, according to Shkreli, someone accepted the offer falsely claiming to be part of West’s camp. However, that person – apparently named Daquan – was not associated with West.

West’s new album, released over the weekend, has been at the center of attention in mainstream music outlets over recent days as West failed to release the album on time amid a series of tweets in which West told people to make their own rules by which to live.

West is somewhat of a master-troll. He has been somewhat of an experimental marketer during his career, and his use of Twitter has garnered him thousands of dollars, if not millions of dollars, in retweets and article headlines. It could be, recognizing the way of social media, Shkreli himself is looking to make a name for himself by trolling the interwebs.

While Shkreli claims to have lost $15 million in Bitcoin, it’s more likely no such transaction ever took place. Surely, for those who do not do their due diligence regarding Shkreli’s claims, the tweet will further cement the sketchy nature of the Bitcoin transaction.

Image from Shutterstock.

Last modified: February 16, 2016 12:37 UTC