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US General Services and Administration is bidding 9.45 bitcoin worth more than $500K

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Shivangi Mujumdar Follow


Apr, 30 2021

Apr, 30 2021

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Commission-free attempting of 11 lots of Bitcoin, totalling 9.45 BTC and with an existing market value of more than $520,000, activates on Friday, April 23, 2021, at 5 p.m. ET.? 


This 4-day weekend sale closes Monday, April 26, 2021, at 5 p.m. ET, with the selection to extend the closing time to accommodate last-minute bidding. 


GSA first initiated auctioning cryptocurrency on behalf of the U.S. government in early 2021.? 


The U.S. General Services Administration (GSA) thoughts to sell off 9.45 BTC this Friday in what will be its third crypto auction this year, discussing to an statement. At current prices, that's cost around $530,000.? 


To date, users of the GSA Auctions platform have positively bid for a total of 7.5401 BTC over two auctions for a mutual cost of $450,567. 


On March 15, the organization launched its initially Bitcoin auction. Two days far ahead, after 31 bidders made entire of 204 total bids, it sold 0.7501 Bitcoin for a $9,000 above market worth premium.? 


The agency held a second Bitcoin auction on March 29, marketing 6.79 Bitcoin worth $384,000 at the time. Collective, the two prior auctions higher $450,567, according to the GSA. 


The GSA has unagreed to disclose how it found the cryptocurrency, citing privacy concerns. 

This upcoming auction for 9.45 BTC will happen on April 23 at 5 p.m. Eastern and will close on April 26 at 5 p.m. Eastern. Bidders must record on the GSA Auctions platform before contributing to the auction and have a digital wallet in instruction to receive the Bitcoin should they win the auction. 


About GSA:?
GSA brings centralized finding for the federal government, conducting a general real estate portfolio of more than 370 million rentable square bases and handling approximately $68 billion in annual contracts.? 


GSA’s mission is to bring the best value in real estate, attainment and technology services across government, in the provision of the Biden-Harris administration’s urgencies. 

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Shivangi Mujumdar

CBW - External Analyst


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