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

Bitcoin • March 17, 2021, 6:16PM EDT
The Block

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.

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.