The U.S. government auctions off 0.7501 BTC for $9,000 above market price

The United States General Services Administration (GSA) auctioned off 0.7501 Bitcoin at just over $9,000 above market price on Wednesday. 

There were 31 total bidders, and the highest bid was for $53,104 — about $9,000 above the current market price of roughly $44,000 that 0.7501 BTC is currently priced. The GSA auction took place in Atlanta, Georgia, having begun on March 15 and concluding on March 17 at 5 p.m. EST. The auction received 31 bids, per the GSA site.

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As The Block previously reported, the successful bidder must pay for the BTC by March 19.

They must also submit documentation providing personal information in addition to a “Forfeited Property Sales Certification Form,” stating that they were not the one who originally relinquished the bitcoin. 

 

About Author

MK Manoylov has been a reporter for The Block since 2020 — joining just before bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for the publication, covering any and all crypto news but with a penchant toward NFT, metaverse, web3 gaming, funding, crime, hack and crypto ecosystem stories. MK holds a graduate degree from New York University's Science, Health and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. You can follow MK on X @MManoylov and on LinkedIn.