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U.S Government makes a premium selling Bitcoin

The U.S government through its agency, the General Services Administration (GSA), known for auctioning government properties has expanded its portfolio to Bitcoin as reported by The Washington Post.

The two-day auction event of about 0.7501 bitcoins began at the start of the week and ended on Wednesday. Upon the closure of the auction event, the successful bidder won with an offer of $53,104. Still, the seller had to pay real-time has price hovered above $55,000 meaning that the winner had to pay a premium of 21% for his purchase through the government.

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