<p><span style="font-weight: 400">On the heels of its first ever bitcoin auction, U.S. General Services Administration (GSA) </span><a href="https://www.gsa.gov/about-us/newsroom/news-releases/get-ready-for-cryptocurrency-spring-fever-on-gsa-auctions-03242021"><span style="font-weight: 400">now plans to auction</span></a><span style="font-weight: 400"> off 6.79 more bitcoin — a sum currently worth about $384,000. </span></p> <p><span style="font-weight: 400">The upcoming auction, which will begin on March 29, splits the Bitcoin into 10 lots. Bidding closes March 31 at 5 p.m. Eastern.</span></p> <p><span style="font-weight: 400">On March 17, </span><a href="https://www.theblockcrypto.com/linked/98703/us-government-bitcoin-auction-complete"><span style="font-weight: 400">GSA completed its first-ever crypto</span></a><span style="font-weight: 400"> auction, selling 0.7501 Bitcoin at a nearly $9,000 premium. A total of 31 bidders made 204 total bids. A GSA representative told The Block that auction proceeds go to the Department of Treasury to be used for “other federal government missions.” </span></p> <p><span style="font-weight: 400">Items sold via the GSA Auction platform are typically surplus federal property such as lab equipment, aircraft, real estate, seized property or gifts from foreign governments, according to the GSA representative.</span></p> <p><span style="font-weight: 400">The GSA declined to reveal how it obtained cryptocurrency, citing privacy concerns. </span></p>