The US government periodically holds auctions to sell confiscated cryptocurrency. It became known yesterday that a similar event will take place again next week.
Federal officials will try to sell 0.7501 bitcoin. The lot size is scanty compared to previous auctions. However, the organizers of the event expect to raise $ 38,700 for the BTC share.
It is not known how some of the cryptocurrencies ended up in the hands of the US government. It is also unclear why officials are leveraging the government's GSA auction site to sell Bitcoin. It is usually used to sell office supplies, furniture, vehicles, and other equipment, as well as scientific equipment.
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The lot will start at $ 25,000. The auction will take place in Atlanta, Georgia on March 15th. The event is due to end in 48 hours, the auction organizers said in a statement. The buyer of the bitcoin share must transfer funds through the bank on March 19.
The bidder must not work for the US Department of Justice or have anything to do with the seizure of BTC. Also, his identity must be identified, including the wallet address and insurance certificate number.