Investing
U.S. Government to Sell 0.7501 Bitcoin Worth $38,000 at Current Prices
- General Services Administration usually sells extra equipment
- Bitcoins bought in 2014 government sale now worth $1.5 billion
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Tucked away among the Ford, Dodge and Chevy sedans, the 12,000-gallon storage container and the inoperable Caterpillar tractor being auctioned off by the U.S. government is an unusual item: 0.7501 of a Bitcoin.
The U.S. General Services Administration typically uses its auctions to sell surplus federal equipment to the general public. With lot 4KQSCI21105001, which goes up for auction in a week, the government is offering an amount of Bitcoin worth about $38,000 at Monday’s price.