More than Nine Bitcoins Up for Bid on GSA Auctions

April 21, 2021

ATLANTA -- Calling all new and experienced crypto investors! Don’t miss your chance to expand your bitcoin portfolio by placing a bid during GSA Auctions%u2019 next cryptocurrency sale.

Commission-free bidding of 11 lots of bitcoin, totaling 9.45 BTC and with a current market value of more than $520,000, begins on Friday, April 23, 2021, at 5 p.m. ET. This 4-day weekend auction closes Monday, April 26, 2021, at 5 p.m. ET, with the option to extend the closing time to accommodate last-minute bidding.

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 7.5401 BTC over two auctions for a combined cost of $450,567.

“Cryptocurrency is certainly some of the most unique items to ever come up for public sale on our GSA Auctions platform, but the excitement from our bidders is undeniable,” said Thomas Meiron, Regional Commissioner with GSA’s Federal Acquisition Service. “It goes without saying that you never know what you’re going to find on GSA Auctions.”

Registration is required to place a bid, and the winning bidder must make a payment via wire transfer no later than April 28, 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 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 more than 370 million rentable square feet and overseeing approximately $68 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.

Last Reviewed: 2021-04-21