<p>Though the lot size pales in comparison to past auctions held by the U.S. government, federal officials are set to auction off 0.7501 BTC next week — an amount worth roughly $38,700.</p> <p><span style="font-weight: 400">It’s unclear where the government obtained this Bitcoin or why it’s being auctioned through GSA — the government’s auction site usually reserved for office supplies, furniture, and other items like vehicles, scientific equipment, and heavy machinery. <a href="https://www.bloomberg.com/news/articles/2021-03-08/bitcoin-worth-38-000-among-u-s-government-auction-of-used-cars?sref=uaUCx1z2" target="_blank" rel="noopener noreferrer">Bloomberg</a> first reported on the auction lot's existence. </span></p> <p><span style="font-weight: 400">However, what is known is that the starting bid for the Bitcoin is $25,000 and will take place in Atlanta, Georgia, according to the </span><a href="https://gsaauctions.gov/gsaauctions/aucdsclnk?sl=4KQSCI21105001"><span style="font-weight: 400">GSA’s auction page.</span></a><span style="font-weight: 400"> Bidding starts March 15 at 5 p.m. ET and will close 48 hours later.</span></p> <p><span style="font-weight: 400">The successful bidder must fill out a “Forfeited Property Sales Certification Form” attesting that they’re not a Department of Justice employee or the person who forfeited the Bitcoin, as well a “Bitcoin End Use Certificate” requiring the bidder’s name, social security number, Bitcoin wallet address, and other personal information. </span></p> <p><span style="font-weight: 400">Full payment for the 0.7501 Bitcoin is due March 19 by wire transfer. </span></p>