The U.S. Marshals are set to auction off nearly $25 million worth of bitcoin later this month.
The government agency announced Monday that it will put approximately 2,170 bitcoins on the auction block, with the sale planned for March 19. Would-be bidders must submit a $200,000 deposit and complete the registration requirements by March 14 to participate, according to the Marshals Service.
This month’s auction will consist of 14 separate blocks, with two blocks of 500 BTC, 11 blocks of 100 BTC and one block accounting for 70 BTC.
According to the release, the bitcoins were confiscated in “connection with various federal criminal, civil and administrative cases,” ranging from federal trials to Drug Enforcement Agency actions.
Write: Sara Bauer