RATE Group | The US closes big sale of $40 million Bitcoin
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The US closes big sale of $40 million Bitcoin

19 Feb The US closes big sale of $40 million Bitcoin

Posted at 15:03h in Bitcoin News by

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In brief

  • A large auction of 4,000 Bitcoin is coming to a close.
  • The minimum bid for the auction was $200,000.
  • The US Marshals have lost out on billions of dollars in the past.

The United States Marshals Service (USMS) is closing its auction of 4,041 Bitcoin (currently worth over $40 million) previously forfeited in dozens of various federal criminal, civil and administrative cases. The winning bidders have until 2:00 PM EST today to wire purchase funds to the USMS—or risk being disqualified.

For the purpose of this auction, the department has been collecting applications for over two weeks starting February 3, with a minimum bid of $200,000. The stash of confiscated Bitcoin was sold in blocks: five blocks of 500 BTC, 10 blocks of 100 BTC, 10 blocks of 50 BTC and one block of roughly 41.6 BTC. Only the eligible registered bidders who have received an official Bid Form from the USMS were able to participate in the online auction.

The USMS has already notified the winning bidders…

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