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GSA Announces Latest Cryptocurrency Auction

October 25, 2021

Gold coin representing bitcoin

ATLANTA — The U.S. General Services Administration has announced it’s latest auction of five lots of cryptocurrency. The five lots total 4.94 bitcoin with an estimated market value of over $268k.

Auction open: Tuesday, Oct. 26 at 5 p.m. CT

Auction close: Thursday, Oct. 28 (may be extended)

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 and see success with our sales,” stated Thomas Meiron, FAS Regional Commissioner. “These lots are a great introduction to the crypto community and GSA is pleased to be able to offer them 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 for the federal government, managing a nationwide real estate portfolio of nearly 370 million rentable square feet nationwide 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 or join the conversation on social media @US_GSAR4 and other platforms.

Last Reviewed: 2021-10-25