4,000 BTC Up For Auction By US Government

On February 18th, the US government will auction off more than 4,000 Bitcoin.

At the time of this writing, the more than 4,000 Bitcoin is worth approximately $37 million.

According to The Block, the U.S. Marshals Service said on Monday that it will put up 4,040.54069820 BTC for auction on February 18.

A $200,000 deposit is required for those wishing to participant, and of you plan on bidding, you must register by February 12th. The auction will have four blocks – 2,500 BTC, 1,000 BTC, 500 BTC and 40.54069820 BTC, respectively during the event.

"The USMS will notify all bidders about their eligibility to participate in the auction by email no later than 5:00 PM EST on Thursday, February 13, 2020," the USMS said in its statement.

This article is not intended to be financial advice. It is not an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any products, services, or companies. Crypto Block does not provide investment, tax, legal, or accounting advice.

As always, do your due diligence before investing, and never invest more than you can afford to lose.

Photo Credit: CCN

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