Get ready for cryptocurrency spring fever on GSA Auctions

March 24, 2021

WASHINGTON — Just in time for spring—it’s time to let your bitcoin portfolio bloom by placing a winning bid during GSA Auctions’ upcoming cryptocurrency sale.

Divided into 10 lots, commission-free bidding on 6.79 bitcoin, currently valued at more than $383,000 as of March 24, 2021, opens on the GSA Auctions website starting March 29 at 4 p.m. CT.

Don’t wait—this auction lasts only 48 hours and closes on March 31 at 4 p.m. CT. Visit the GSA Auctions website and click 'Browse by Status' to view the previews for the auction and additional details on placing a bid for these unique items.

This auction marks the second time cryptocurrency was sold by the U.S. government using GSA Auctions. A .7501 fractional share of a bitcoin sold recently for $53,104 after receiving 204 bids from 31 bidders.

“Our first steps wading into the cryptocurrency market quickly became one of our hottest auctions of 2021, but it was really just a test run for our latest bitcoin auction,” said Thomas Meiron, Regional Commissioner for GSA’s Federal Acquisition Service. “With 10 lots up for bid, we expect this auction will generate even more excitement among cryptocurrency investors.”

Registration is required to place a bid, and the winning bidder must make a payment via wire transfer no later than April 2, 2021. The winning bidder will also need a digital wallet in order to receive the property. 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 excess federally owned assets and equipment, such as office furniture, vehicles, scientific equipment and collectibles.

About GSA: GSA provides centralized procurement for the federal government, managing a real estate portfolio of more than 370 million rentable square feet nationwide and overseeing approximately $68 billion in annual contracts. GSA’s mission is to deliver value and savings in real estate, acquisition, technology, and other mission-support services across government, in support of the Biden-Harris administration’s four priorities of climate; COVID response; economic recovery; and diversity, equity, inclusion and accessibility. For more information, visit: www.gsa.gov and follow us at @USGSA and @US_GSAR4.

Last Reviewed: 2021-03-25