U.S. government agency sold 9.45 BTC for a total of $487K on Monday

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The General Services Administration (GSA) closed its third-ever bitcoin auction yesterday, selling 9.45 BTC and bringing in a total of $487,000.

The 9.45 BTC was broken up into 11 lots. The lots are listed below, followed by their final bid price, how many bids, and how much it sold compared to the market price at the time of writing.

  • 2 BTC — $103,025, 23 bids, ~ $7,000 below market price. 
  • 1.75 BTC — $91,000, 11 bids, ~ $5,000 below market price. 
  • 1.5 BTC — $75,875, 12 bids, ~ $7,000 below market price. 
  • 1.25 BTC — $62,275, 12 bids, ~ $7,000 below market price. 
  • 1 BTC — $52,011,14 bids, ~ $3,000 below market price. 
  • 0.75 BTC — $40,025, 6 bids, ~ $1,000 above market price. 
  • 0.5 BTC — $26,026, 10 bids, ~ $2,000 below market price. 
  • 0.25 BTC — $12,994, 8 bids, ~ $1,000 below market price. 
  • 0.2 BTC — $10,194, 17 bids, ~ $1,000 below market price. 
  • 0.15 BTC — $7,820, 19 bids, ~ $500 below market price. 
  • 0.1 BTC — $5,280, 19 bids, ~ $300 below market price. 

The GSA oversees real estate, buildings, vehicles, and other property from the federal government, and GSA Auctions sells off surplus items. 

The agency closed its first bitcoin auction on March 17 and its second one on March 31. GSA Auctions has not disclosed to The Block the origins of any of its bitcoin lots due to privacy concerns.

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