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On March 30, 1867, the United States reached an agreement to purchase Alaska from Russia for a price of $7.2 million. The Treaty with Russia was negotiated and signed by Secretary of State William Seward and Russian Minister to the United States Edouard de Stoeckl.
The check for $7.2 million was made payable to the Russian Minister to the United States Edouard de Stoeckl, who negotiated the deal for the Russians. The transcript included below is for the Treaty of Cession, signed by Tzar Alexander II, which formally concluded the agreement for the purchase of Alaska from Russia.
After an all-night negotiating session, the treaty was signed at 4am on March 30th, 1867. The agreed price was $7.2 million, equivalent to around $120 million today, which works out at about two cents an acre.
On January 3, 1959 he signed the official proclamation admitting Alaska as the 49th state.
Defeat in the Crimean War further reduced Russian interest in this region. Russia offered to sell Alaska to the United States in 1859, believing the United States would off-set the designs of Russia's greatest rival in the Pacific, Great Britain.