• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Markets Cryptos

U.S government set to auction Bitcoins within a few days

Olumide Adesina by Olumide Adesina
March 25, 2021
in Cryptos, Spotlight
Bitcoin suffers worst financial loss in minutes
Share on FacebookShare on TwitterShare on Linkedin

Few weeks after successfully selling 0.7501 Bitcoin, the U.S government via the General Services Administration (GSA) is set to sell 6.79 Bitcoin worth about $353,000 at current market prices.

The upcoming auction would occur in ten lots and will begin from March 29 to March 31.

The agency’s first-ever crypto auction closed on March 17, with 0.7501 Bitcoin being sold at an almost $9,000 premium. The auction featured 31 bidders and attracted over 200 entries.

RelatedStories

Bitcoin

Bitcoin shows buyers’ exhaustion, struggles under $108K

June 27, 2025
Bitcoin

Hawkish Fed, Israel–Iran conflict cage Bitcoin

June 19, 2025

READ: U.S Government makes a premium selling Bitcoin

The report advised interested bidders in applying as soon as possible;

This auction marks the second time cryptocurrency was sold by the U.S. government using GSA Auctions. A .7501 fractional share of a bitcoin sold recently for $53,104 after receiving 204 bids from 31 bidders.

This auction marks the second time cryptocurrency was sold by the U.S. government using GSA Auctions. A .7501 fractional share of a bitcoin sold recently for $53,104 after receiving 204 bids from 31 bidders.

READ: U.S Government makes biggest crypto grab, worth $1 billion

“Our first steps wading into the cryptocurrency market quickly became one of our hottest auctions of 2021, but it was really just a test run for our latest bitcoin auction,” said Thomas Meiron, Regional Commissioner for GSA’s Federal Acquisition Service. “With 10 lots up for bid, we expect this auction will generate even more excitement among cryptocurrency investors.”

It’s important to note that the U.S Federal government, currently has about 70,124 bitcoin worth $3.7 billion, as its crypto holdings are held in various departments of the United States Government primarily acquired through asset forfeitures in legal cases.

READ: AfDB bows to pressure from U.S, orders an independent probe of Akinwumi Adesina

Thousands of BTCs worth $1 billion were seized many months ago by the United States law enforcement agencies in what the Justice Department disclosed was the largest seizure of cryptocurrency in the history of the agency.

The U.S. enforcement agencies were able to make such a seizure through a unit within the Internal Revenue Service that specializes in tracking virtual currency transactions prevalent when using cryptos.

The Internal Revenue Service agents were able to identify 54 new bitcoin transactions executed on the shady platform.


Follow us for Breaking News and Market Intelligence.
Tags: BitcoinGSAU.S Government
Olumide Adesina

Olumide Adesina

Olumide Adesina is a financial market writer, analyst and investment trader. Message Olumide on Twitter @Olumidecapital

Related Posts

Bitcoin
Cryptos

Bitcoin shows buyers’ exhaustion, struggles under $108K

June 27, 2025
Bitcoin
Cryptos

Hawkish Fed, Israel–Iran conflict cage Bitcoin

June 19, 2025
Bitcoin is now a ‘safe-haven coin’ of the crypto market, Octa broker says 
Companies

Bitcoin is now a ‘safe-haven coin’ of the crypto market, Octa broker says 

May 29, 2025
What does liquidity mean in crypto? 
Opinions

What does liquidity mean in crypto? 

May 23, 2025
ETFs, Crypto Market
Cryptos

Bitcoin surges past $104K as markets react to US-China trade progress 

May 11, 2025
Bitcoin investors record losses of over $7 billion in recent market sell-off
Breaking News

Bitcoin reclaims $100K for the first time in three months 

May 8, 2025
Next Post
House of Reps summon Emefiele, NNPC GMD over unremitted N3.24 trillion

Senate instructs FRC to refund N94 million spent on unoccupied building, vouchers

Comments 5

  1. Vincent says:
    March 25, 2021 at 11:18 pm

    Yes it’s great to upgrade

    Reply
  2. Chritiana says:
    March 26, 2021 at 12:20 pm

    How do i sign in for it

    Reply
  3. Samson adeola says:
    March 27, 2021 at 11:43 am

    How can i get started in the investment?

    Reply
  4. Ruth Eriator says:
    March 28, 2021 at 6:26 am

    How does the bitcoin work? Can I get more enlightenments?

    Reply
  5. Josykan says:
    March 28, 2021 at 7:25 am

    How do I join in

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • C&I Leasing profit hits N1.6 billion in 2024, revenue up 64% YoY
  • Microsoft to lay off 9,000 workers globally in second wave of job cuts in 2025 
  • Enugu Govt announces commencement of Enugu Air commercial flights on Monday 

Follow us on social media:

Recent News

C&I Leasing profit hits N1.6 billion in 2024, revenue up 64% YoY

C&I Leasing profit hits N1.6 billion in 2024, revenue up 64% YoY

July 2, 2025
Microsoft Corporation

Microsoft to lay off 9,000 workers globally in second wave of job cuts in 2025 

July 2, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics