Bitcoin worth 5000 Euros was sold for 26 thousand 800 Euros.

At the auction held in France, 0.11 Bitcoin with a market value of 5.180 euros found buyers for 26.800 euros. The auction manager had to warn the participants several times before the sale was finalized.

France held the public agency's first record Bitcoin auction yesterday. Bitcoins stolen from the Gatehub exchange in 2019 were released at the Kapandji Morhange auction center with more than 1,600 attendees.

24 million euros collected 

11: 00, beginning at auction, large and small grains found in batches of 611 buyer's Bitcoin. State Secretary for Public Expenditure Affairs, Olivier Dussopt, told BFM Business at the end of the auction that 24m euros will enter the state coffers. 

Some of the lots sold had fractions and some had flat (eg 1 BTC) number of Bitcoins. While the opening price for one full Bitcoin is 23,250 euros, most of them were sold at a price of 40,000 euros. The money collected will be entrusted to Caisse des Dépôts et Consignations until the Gatehub case is concluded.

Paid 26,300 euros for 0.11 Bitcoin

The auction started with the sale of a batch of 0.11 bitcoins with a market value of 5.180 euros. The initial bid for this party was 2.500 euro. The number then increased to 9,000, 14,000 and eventually 23,300 euros. According to the news of Les Echos, the auction manager intervened after the bid went so high and said, "I think I couldn't speak very frankly while promoting the party." he said and announced that the offers would be taken from the very beginning. 

For the 0.11 Bitcoin that was put on the market again, 2,800 euros were offered, followed by 8,400, 9,600, 10,200, 11,300, 14,300, 15,800, 25,800, 26,300 and finally 26,800 euros. The auction manager emphasized that to avoid confusion, they intervened again and sold 0.11 bitcoins, not 1 full Bitcoin.

But the offer has already been accepted and the sale is complete. The biggest transaction of the auction arrived at 17:16. A batch of 20 bitcoins was sold for 802,250 euros.