US marshal auctioning 660 Bitcoin next month

The U.S. Marshals have announced a plan to auction off nearly $4.3 million worth of bitcoin next month. The Auction is scheduled to start on November 5th, requiring interested bidders to deposit $200,000 after registering their identification before Oct 31. The agency listed that among the bitcoin auctioned included those forfeited in various federal criminal, civil and administrative cases. The auction would consists of several "blocks" of 100 bitcoin and a "block" of 60 bitcoin. bidders cannot view other bids and cannot change their bids once submitted.

Bidders must register to participate in this auction. One registration form allows you to bid on multiple blocks from Series A and Series B at the same per bitcoin price, but does not allow you to submit multiple bids at varying per-bitcoin prices. If you wish to have the ability to bid multiple prices on multiple blocks, you will need to submit additional registration forms and additional deposit funds. The following examples are provided for your convenience: Example 1: Bidder wants to purchase two (2) blocks of Series A for the same per-bitcoin price (e.g. $X per bitcoin for 200 Series A Bitcoin). Bidder should submit ONE registration form with a $200,000 deposit, and will use ONE Bid Form to bid on both blocks of Series A. Example 2: Bidder wants to purchase two (2) blocks of Series A and one (1) block of Series B for the same per-Bitcoin price (e.g. $X per Bitcoin for 200 Series A Bitcoin, and $X per Bitcoin for 60 Series B Bitcoin). Bidder should submit ONE registration form with a $200,000 deposit, and will use ONE Bid Form to bid on all three blocks at the same per-Bitcoin price (for both Series A and Series B). Example 3: Bidder wants to purchase two (2) blocks of Series A and one (1) block of Series B at different prices (e.g. $X per Bitcoin for 100 Bitcoin from Series A, $Y per Bitcoin for 100 Bitcoin from Series A, and $Z per Bitcoin for 60 Bitcoin from Series B). Bidder should submit THREE separate registration forms, and a total deposit of $600,000 (or $200,000 for each registration), and will use THREE Bid Forms, one for each separate per-Bitcoin bid price. Note that each registration allows the bidder to submit the same per-Bitcoin price bid for Series A and Series B.

For more information about participate in this auction click here.

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