The us marshals service (USMS), a division of the US Department of justice, said it was going to auction BTC for $37.7 million. This will be the first auction for the sale of cryptocurrency since 2018.
On February 18, the us marshals Service will auction about 4,040 bitcoins worth approximately $37.7 million at the current exchange rate. Potential bidders must register by February 12.
“The auction will be held on February 18 for 6 hours. Offers will only be accepted by email from pre-registered bidders, ” the statement said.
Bidders will also be required to make a $200,000 Deposit prior to the auction. Participants whose bids do not win the auction will get their Deposit back. Bitcoins will be sold in four lots of 2,500, 1,000, 500 and 40.54069820 BTC. The first three lots are divided into blocks of smaller amounts of bitcoins.
The BTC for the auction was obtained in more than 50 forfeitures and court cases. The last time the Federal marshals Service held auctions for the sale of bitcoins was in 2018. Then 660 BTC were sold in October, as well as 2,100 and 3,800 BTC in March and January, respectively.