GSA Announces Latest Cryptocurrency Auction

June 8, 2022

ATLANTA — The U.S. General Services Administration has announced its latest auction of five lots of cryptocurrency. The five lots total 5.0 bitcoin with an estimated market value of over $268K.

Auction open: Tuesday, June 7 at 5 p.m. CT.

Auction close: Thursday, June 9 at 5 p.m. CT.

Auction preview began Wednesday, June 1 on GSAAuctions.gov.

Registration is required to place a bid, and the winning bidder must make a payment via wire transfer no later than June 13, 2022. Network transaction fees may apply.

GSA first began auctioning cryptocurrency on behalf of the U.S. government in early 2021. To date, users of the GSAAuctions.gov platform have successfully bid for more than 32 bitcoin and 150 litecoin over six auctions, garnering $1.5M.

"We're excited to be a leader in this space," stated Thomas Meiron, FAS Regional Commissioner. GSA is pleased to offer these lots for public auction."

Prospective bidders are encouraged to review item descriptions thoroughly prior to placing a bid.

GSA Auctions is the federal government's online clearinghouse for surplus federally owned assets, ensuring maximum value for customer agencies and American taxpayers. Items available for bid through the GSA Auction platform can come from a wide range of sources, including surplus government equipment, forfeited property, and gifts from foreign governments.

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About GSA: GSA provides centralized procurement and shared services for the federal government, managing a nationwide real estate portfolio of nearly 370 million rentable square feet, overseeing approximately $75 billion in annual contracts, and delivering technology services that serve millions of people across dozens of federal agencies. GSA's mission is to deliver the best customer experience and value in real estate, acquisition, and technology services to the government and the American people. For more information, visit: www.gsa.gov and follow us at @USGSA and @US_GSAR4.

Last Reviewed: 2022-06-13