U.S. Marshals to hold Bitcoin Auction for approximately 2,700 Bitcoins ($1.6m)

The U.S. Marshals announced today the auctioning of one block of approximately 2,700 Bitcoins (approx. $1.6 million) in connection with various federal criminal, civil and administrative cases.

To register, potential bidders must complete all registration requirements by noon EDT Aug. 18. A $100,000 deposit is required to participate. Deposits will be returned to non-winning bidders.

The auction will take place during a 6-hour period Aug. 22 from 8 a.m. until 2 p.m. EDT. Bids will be accepted by email from pre-registered bidders only.

The winning bidder will be notified Aug 22.

One-year Bitcoin/Dollar chart.

One-year Bitcoin/Dollar chart.

Further details on the auction are available here.

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