Reglikedomain industry desk

£2.5 million of domain names — CentralNic buys

Domain firm “replenished its inventory”.

Domain name firm CentralNic (London AIM:CNIC) disclosed this morning that it has purchased £2.5 million of .com domain names. The purchases were from multiple portfolios.

In a release, CentralNic CEO Ben Crawford stated, “CentralNic is delighted to have replenished its inventory of premium domains for trading, with these portfolios of mid-priced domains obtained at an attractive discount to current market rates. The market for these domains is relatively liquid, and trading in them leverages the Firm’s global distribution capabilities and adds to the Firm’s diversified revenue strategy.”

Premium domain sales have become a key part of CentralNic meeting its second half numbers each year. Of course, you need to find a way to replenish your stock of domains if you are to have something to sell.

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