The starting price of the lot is $ 25,000. The auction will begin on March 15 and will last 48 hours.
The authorities did not specify where they got the first cryptocurrency from and why they put the coins up for auction through the GSA.
The winning bidder must pay through the bank on 19 March and complete the Confiscated Property Sale Confirmation Form. He will be the last to declare that he is not an employee of the Ministry of Justice or a former holder of digital assets.
GSA is an independent division of the US government. The tasks of the department include helping to manage and support the main functions of the federal authorities, as well as solving administrative problems.
Earlier, bitcoins were put up for auction by the US Federal Marshals Service (USMS). In 2014, officials sold 30,000 BTC confiscated from the Silk Road darknet site. All lots were purchased by Tim Draper, a venture capitalist .
In February 2020, USMS put up 4040.54 BTC for auction . The coins were bought by two winners .
Recall that the service managed the seized cryptocurrency on its own, but in the summer of 2020 it began looking for a contractor to store and sell the confiscated bitcoins.