I only once tried to buy a 5 letter domain that was the company I worked at's initials (totally random like "UJEAJ". I used godaddy bidding system and gave the

I only once tried to buy a 5 letter domain that was the company I worked at's initials (totally random like "UJEAJ". I used godaddy bidding system and gave them our budget which was $35k USD. They said no and countered with $250k. I said sorry that was the max offer we could make and they refused futher contact by having godaddy inform us of their no more contact allowed. 10 years later the domain is still squatted. Good for them I guess.