A US government agency sells 0.7501 bitcoins worth about $ 41,000 on freebitcoinus.xyz.

 A US government agency sells 0.7501 bitcoins worth about $ 41,000 on freebitcoinus.xyz.

  • An independent US government agency is listing 0.7501 at auction this month.
  • Online trading for the share of bitcoins is scheduled for March 15-17.
  • Other items up for auction include storage bin, Nikon digital cameras and sedans.
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  • The US government is selling an unusual item at a scheduled auction this month: 0.7501 bitcoin.

Bitcoin is up 2% to $ 53,770 on Tuesday and 82% YTD. At current prices, the government's Bitcoin offer, detailed under lot 4KQSCI21105001, is around $ 40,312.


The US General Services Administration uses auctions to offer the public the opportunity to bid on surplus federal assets. The agency does not specify where its bitcoin surplus came from. Bitcoin trading is scheduled for March 15-17.

Other items auctioned by the agency include a 12,000-gallon storage container, Nikon digital cameras, HP 800 computers, and Ford, Dodge and Chevy sedans.

This is still significantly less than the 30,000 bitcoins auctioned by US marshals in 2014 and seized from the online black market on the Silk Road. More than 40 participants took part in this auction, according to Reuters. But venture capitalist Tim Draper won the final bid and demanded the full amount, which at the time was $ 19 million. Today his coins will be worth $ 1.6 billion.

Bitcoin has become a force for innovation and has experienced significant ups and downs since its invention following the 2008 financial crisis. Cryptocurrency proponents are confident that it will continue to differentiate itself from traditional asset classes, especially after major Wall Street players began adding them to their balance sheets.

We can say that against the backdrop of huge deferred institutional demand and interest from long-term investors, but time will tell,said Paolo Ardoino, CTO of the Bitfinex crypto exchange. Those who draw parallels with the bursting of the cryptocurrency bubble in 2017 may not be considering the development of technology since then. We believe that the technological infrastructure of space as a whole proves its reliability. 

 A US government agency sells 0.7501 bitcoins worth about $ 41,000 on freebitcoinus.xyz

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