GSA to Hold First Cryptocurrency Auction

The General Services Administration will allow investors to bid on a 0.7501 share of a Bitcoin as part of a two-day auction starting March 15.

GSA said Monday the first cryptocurrency auction will run through March 17 via the GSA Auctions website.

Interested stakeholders should register in order to place an offer for the Bitcoin. The winning bidder should have a digital wallet to receive the cryptocurrency and should make the payment through wire transfer by March 19.

GSA Auctions serves as the online clearinghouse of the federal government for excess office furniture, scientific equipment, vehicles and other federally owned equipment and assets.

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