GSA to Host Bitcoin Share Auction; Kevin Kerns Quoted

1 min read

The General Services Administration (GSA) will accept Bitcoin cryptocurrency bids on the agency's GSA Auctions website for two days. Interested individuals may place bids on a .7501 share of one Bitcoin from March 15th to March 17th, GSA said Monday. 

The share was valued at over $38,000 as of March 5th. The auction's winner must be able to pay his corresponding amount by March 19th through a wire transfer.

“A special thanks to GSA’s Southeast-Great Lakes Personal Property Management team for making our very first cryptocurrency auction a reality," said Kevin Kerns, acting administrator for GSA's Southeast Sunbelt Region.

GSA Auctions hosts biddings for government-owned assets that are marked as excess in the federal inventory. These assets may include vehicles, equipment, collectibles and now, cryptocurrency shares.

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