Eleven lots of cryptocurrency up for bid on GSA Auctions

June 16, 2021

ATLANTA -- Become a part of the growing cryptocurrency community by placing a winning bid during GSA Auctions’ next cryptocurrency sale.

Bidding on 11 lots of cryptocurrency, totaling 8.93 bitcoins and 150.2 litecoins and with a combined market value of nearly $377,000, begins on Friday, June 18, 2021, at 5 p.m. ET. This 4-day auction closes Monday, June 22, 2021, at 5 p.m. ET, with the option to extend the closing time to accommodate last-minute bidding. This auction marks the first time that Litecoin will be available on GSA Auctions.

GSA first began auctioning cryptocurrency on behalf of the U.S. government in early 2021. To date, users of the GSAAuctions platform have successfully bid for a total of 16.99 bitcoins over three auctions that garnered $937,092.

“Experienced investors recognize a good opportunity when they see it, which is why our auctions have generated so much enthusiasm among the crypto community,” said Thomas Meiron, Regional Commissioner for GSA’s Federal Acquisition Service. “With the addition of a new type of cryptocurrency, this promises to be one of our most exciting auctions of the year.”

Registration is required to place a bid, and the winning bidder must make a payment via wire transfer no later than June 23, 2021. The winning bidder will also need a digital wallet to receive the property. Network transaction fees may apply. As there is no tangible asset up for bid, GSA will not hold an inspection day.

A service of the U.S. General Service Administration, GSA Auctions is the federal government’s online clearinghouse for surplus federally owned assets and equipment, such as office furniture, vehicles, scientific equipment and collectibles.

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About GSA: GSA provides centralized procurement for the federal government, managing a nationwide real estate portfolio of nearly 370 million rentable square feet and overseeing approximately $75 billion in annual contracts. GSA’s mission is to deliver the best value in real estate, acquisition, and technology services across government, in support of the Biden-Harris administration’s priorities. For more information, visit: www.gsa.gov and follow us at @USGSA and @US_GSAR4.

Last Reviewed: 2021-06-16