On April 26, the U
On April 26, the U.S. General Services Administration (GSA) auctioned 9.45 BTC for a total of $486,525 at below market price.
The cryptocurrency was broken up into 11 lots. Bitcoin market quotes at the end of auction were above $53,300.
12 bids were made on the first lot of 1.25 BTC, bought for $62,275, which makes $49,820 per coin.
The last lot of 1.75 BTC went to the highest bidder for $91,000 after 11 bids. The purchase price was $52,000 per bitcoin. According to CoinGecko, the quotes of the first cryptocurrency at the time of purchase were around $54,000.
All the tokens were purchased for below market price at the time of auction.