The US General Services Administration, which sells surplus federal assets like office furniture, residences, and tractors, has announced that bitcoin and litecoin with a total market worth of $377,000 dollars will be auctioned off.
This four-day auction ends at 5 p.m. ET on Monday, with the possibility to extend the deadline to accommodate last-minute bids. Litecoin will be available for the first time on GSA Auctions in this auction.
To submit a bid, you must first register, and the winning bidder must pay by wire transfer no later than June 23, 2021. To get the item, the winning bidder will also need a digital wallet. There may be network transaction costs. GSA will not hold an inspection day because there is no tangible asset up for bid.
On the market, there are eleven lots of cryptocurrencies, comprising 8.93 bitcoins and 150.2 litecoins. According to a document on the GSA's auction website, the litecoins were seized from a taxpayer for failing to pay internal revenue taxes.
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