$ 34 Million Bitcoin Will Go On Sale This Week With Auction

 

Both the US and French governments will sell Bitcoin at auction from March 15 to March 17. The total value of BTCs to be sold is close to 34 million dollars. 

The US government did not disclose where the BTCs to be sold were translated from. The French announced that they would auction the funds seized from government hackers. 

According to the French publication Cyberguerre, the country's government will increase the cryptocurrency captured from hackers of GateHub, a London-based cryptocurrency service. The platform was attacked last year.

As Yahoo Finance reported, the French institution (AGRASC), which is responsible for the management and recovery of seized and seized assets, will auction a total of 611 BTC worth approximately $ 34 million at current prices. 

Kapandji Morhange, a Paris-based auction house, will auction 611 BTC on March 17th. 610 of the crypto coins auctioned correspond to the amount seized during the investigation of the GateHub hack. 

It should be noted that the aforementioned hackers have not been convicted yet and if they are free of all charges, they will be able to receive the proceeds from the auction.

Bitcoin will be sold in America too Similarly, the U.S. 

General Services Administration will auction for 0.75 BTC under the 4KQSCI21105001 group. 

The offer period for these funds is between 15-17 March. The platform for the auction will be a platform where the government auctions federal assets including surplus supplies, computers, cars and more.

Bitcoin auctions often occur when governments seize assets from hackers or criminals. The most famous was in 2014, when the US marshals auctioned 30,000 BTC, which they seized from darknet market Silk Road. 

The auction bid 40 people, but eventually 30,000 BTC worth $ 19 million at the time; Won by the famous billionaire Tim Draper. The value of the coins is currently over $ 1.6 billion. Draper, when BTC broke $ 26,000; He is a well-known Bitcoin bull who said that the price of the cryptocurrency will increase 10 times "by the end of 2022 or early 2023".