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13 May 2021

U.S. Government Sells 9.45 BTC At Significant Market Discount

U.S. Government Sells 9.45 BTC At Significant Market Discount

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government sold 9.45 BTC during a four-day auction that closed earlier this week, with the bitcoin being purchased at a notable discount compared to market prices.

"Cryptocurrency is certainly some of the most unique items to ever come up for public sale on our GSA Auctions platform, but the excitement from our bidders is undeniable," said Thomas Meiron, regional commissioner with GSA's Federal Acquisition Service, according to a release about the recent bitcoin auction.

But, according to The Block, the GSA only brought in a total of $487,000, meaning that the government-furnished bitcoin was sold at a significant discount.

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