Bitcoin (BTC) While the price continues to rise continuously, Bitcoin sales, which will be made by states by auction, may be an opportunity for some people. It is known that many investors who bought them in similar sales made in the USA before, made significant gains in the long run.
Germany Starts Bitcoin Sales
Now it looks like it’s time for the auction sale in Germany. The Ministry of Justice of the North Westphalia region will hold its first Bitcoin auction on October 25. The ministry will first put up for sale a portion of 215 Bitcoins and the sale has already begun.
The auction is held online and the deadline has been announced as October 27. The ministry calculated the market value of 1 BTC as 54,000 euros, or approximately $62,700.
Sales are made at different rates such as 0.1 BTC, 0.5 BTC or 10 BTC. The highest single purchase is made as 10 BTC, and it seems that it has actually only received 4 offers so far. This indicates that the person who buys 10 BTC may be more profitable than others.
The ministry announced that it seized the said BTCs after the raid on black market-oriented platforms. Proceeds from the auction will be used for Germany’s largest region, North Rhine-Westphalia.
Many law enforcement agencies around the world have started to sell their seized cryptocurrencies in this way, and Romania has recently done just that. Despite this, the biggest auction in history and the sale of Bitcoin belongs to the USA.