2021-03-25 16:52:30

US Government Sees ‘Cryptocurrency Spring Fever’ as Great Time to Auction Bitcoin

The press release writers at the U.S. government’s General Service Administration (GSA) are gushing about “cryptocurrency spring fever.” It might not be a coincidence that the agency plans to sell more than $300,000 worth of bitcoin at an auction next week.

According to an announcement posted Wednesday on the agency’s website, the GSA is offering commission-free bidding on 6.79 BTC, divided into 10 lots. On Thursday, bitcoin was changing hands around $50,800, so the total amount set for auction works out to roughly $345,000. The auction will take place on the GSA Auctions website, starting on March 29 at 5 p.m. ET.

“Get ready for cryptocurrency spring fever on GSA Auctions,” according to the press release. “It’s time to let your bitcoin portfolio bloom by placing a winning bid during GSA Auctions’ upcoming cryptocurrency sale.”

The auction comes just weeks after the GSA conducted its first auction of bitcoin – a chunk of 0.7501 BTC that went for $53,104.

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