The US General Services Administration announced that it will host the Bitcoin (BTC) auction this week.
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The auction, which started on Tuesday, is expected to be completed on Thursday. 4.94 Bitcoins worth approximately $311 000 will be put up for auction.
Federal Auction Service regional commissioner Thomas Meiron said in a statement:
GSA has held several crypto asset auctions since the beginning of the year focusing on Bitcoin lots. This summer, the institution auctioned 150 Litecoins (LTC).