U.S. Gov. Auctions 9.45 BTC At A Discount

The U.S. government sold 9.45 BTC during a four-day auction that closed earlier this week, with the bitcoin being purchased at a notable discount compared to market prices.

The auction was performed by GSA Auctions, a service of the United States General Service Administration (GSA) that functions as the federal government’s online clearinghouse for surplus, federally-owned assets and equipment.

“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, according to a release about the recent bitcoin auction. “It goes without saying that you never know what you’re going to find on GSA Auctions.”