RATE Group | US Government Auctioning off Bitcoins Worth $37 Million in 2 Weeks
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US Government Auctioning off Bitcoins Worth $37 Million in 2 Weeks

04 Feb US Government Auctioning off Bitcoins Worth $37 Million in 2 Weeks

Posted at 18:50h in Bitcoin News by

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US Government Auctioning off Bitcoins Worth $37 Million in 2 Weeks

The U.S. government has opened registration for the bidding of over 4,040 bitcoins, currently worth more than $37 million, which will be auctioned off on Feb. 18. The winning bidder will be notified on the same day. These bitcoins were forfeited in various federal criminal, civil and administrative cases, the U.S. Marshals Service explained.

Also read: Regulatory Roundup — New US Crypto Tax Bill, Central Banks Join Forces on Digital Currencies

US Government’s BTC Auction

The U.S. government is auctioning off some bitcoins this month. According to the announcement by the U.S. Marshals Service (USMS) which is holding the auction, approximately 4,040.54069820 bitcoins will be for sale. The USMS is a federal law enforcement agency within the Department of Justice (DOJ). The agency explained that interested parties are invited to submit a bid for purchase, adding:

This sealed bid auction is for 4,040.54069820 bitcoin … The required deposit to…

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