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For the fourth time this year, the federal auction site General Services Administration Auctions will auction another batch of bitcoin and, for the first time, litecoin.
According to a statement from GSA Auctions and available lots, 150.2 Litecoin, 8.925 Bitcoin and 0.000229 Bitcoin Cash will be auctioned on the GSA website. Litecoin and Bitcoin Cash will be auctioned as a single lot in addition to 10 Bitcoin lots ranging from 2 BTC to 0.025 BTC.
Auction begins June 18 at 5 p.m. ET and ends June 22 at 5 p.m. ET, although additional auctions may extend the auction closing time.
Experienced investors recognize a good opportunity when they see it, which is why our auctions have generated so much enthusiasm in the crypto community, said Thomas Meiron, regional commissioner of the Federal Acquisition Service of the GSA, in the press release. With the addition of a new type of cryptocurrency, this promises to be one of our most exciting auctions of the year.
GSA Auctions held its first bitcoin auction in early March, followed by two more in late March and late April. In total, GSA Auctions auctioned 16.99 BTC and raised $ 937,000 in winning bids, the statement said.
While the winning bidder of the first bitcoin auction GSA Auctions paid a premium of $ 9,000 for their bitcoin, their recent auctions have mostly sold bitcoin below market value.
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