The General Services Administration (GSA) will auction off 9.45 bitcoin valued at $520,000 as part of its four-day cryptocurrency sale that will start on Friday, April 23rd.
GSA said Wednesday the bitcoins will be divided into 10 lots as part of the commission-free bidding that will run through April 26 on the GSA Auctions website. The upcoming event will be GSA's third cryptocurrency auction.
The agency held its first bitcoin auction in mid-March followed by another cryptocurrency sale later that month. To date, GSA has put 7.5401 bitcoin up for sale for a total cost of $450,567.
Interested stakeholders should register in order to place an offer for the bitcoins. The winning bidder should have a digital wallet to receive the cryptocurrency and should make the payment through wire transfer by April 28th.