$40 Million Worth Of Bitcoin To Be Sold On Auction By The US Government

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More than 4,000 BTC will be auctioned today by the United States Marshals Service (USMS). The procedure will happen with sealed bids where the highest bidder gets the bitcoins. All of the bitcoins included in the auction have been forfeited in different federal criminal, administrative, and civil cases

The US Marshal Service will carry out a sealed bid auction for around 4041 BTC later today. The amount, at current BTC rates, equals a little less than $40 million.

According to the official release, there is a required deposit to participate in the auction set to $200,000. The bitcoins will be sold in four different series, divided into several blocks. This is how the distribution looks like:

btc_auction_lots
USMS Bitcoin Auction Lot Distribution. Source: USMS

To participate, bidders had to register with the USMS. The registration process opened on February 3rd and ended on Wednesday 12th, and those who are approved to take part must have received a confirmation from the USMS. All documentation received after the deadline won’t be considered.


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