US Government To Auction 4.94 Bitcoin Worth Over $300,000

Bitcoin Magazine

  • The U.S. government will auction 4.94 BTC worth over $300,000 in the next few days.
  • The auction will be held by GSA Auctions, the federal government’s online clearinghouse for surplus, U.S.-owned assets and equipment it wishes to sell.
  • The 4.94 BTC will be auctioned in five different lots of 1.5, 1.25, 1, 0.75, and 0.44 BTC.

The U.S. government is hosting Fall for Cryptocurrency, an online bitcoin auction event, between October 26 and 28, 2021. Nearly 5 BTC will be auctioned in five different lots. In April, the U.S. government sold 9.45 BTC at a notable discount compared to market prices.

The 4.94 BTC will be auctioned in five different lots. Source: GSA Auctions.

U.S. government auctions are performed by GSA Auctions, a service of the United States General Service Administration (GSA) that functions as the federal government’s online clearinghouse for surplus, federally-owned assets, and equipment.

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