The U.S. government has opened registration for the bidding of over 4,040 bitcoins, currently worth more than $37 million, which will be auctioned off on Feb. 18. The winning bidder will be notified on the same day. These bitcoins were forfeited in various federal criminal, civil and administrative cases, the U.S. Marshals Service explained.
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US Government’s BTC Auction
The U.S. government is auctioning off some bitcoins this month. According to the announcement by the U.S. Marshals Service (USMS) which is holding the auction, approximately 4,040.54069820 bitcoins will be for sale. The USMS is a federal law enforcement agency within the Department of Justice (DOJ). The agency explained that interested parties are invited to submit a bid for purchase, adding:
This sealed bid auction is for 4,040.54069820 bitcoin … The required deposit to participate in this auction is $200,000.00 USD.