German State Starts Auctioning $13.6 Million Worth of Bitcoin

German State Starts Auctioning $13.6 Million Worth of Bitcoin

The German state of North Rhine-Westphalia has started auctioning its confiscated Bitcoins after obtaining approval from Justice Minister Peter Biesenbach, according to a report by business newspaper Handelsblatt.215 Bitcoins that are worth roughly $13.6 million at press time are up for sale on the official website of the Administration of Justice.A total of 15 auctions kicked off on Monday, with lots ranging from 0.1 to 10 BTC. Someone is currently offering 56,130 euros ($65,178) per 1 BTC, which is roughly 2% higher than the current spot price of Bitcoin.

The higher bidder will receive a paper wallet with a QR code.As reported by U.Today, the Finish Customs also announced that it was ready to sell its Bitcoin fortune in July.

Source

Subscribe to get our top stories