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The Swedish government sold Bitcoin above market prices

The Swedish government successfully auctioned out a few bitcoin, collecting more than the prevailing market rate in the sale.

19.Oct.17 2:16 PM
By Daria Zaytseva


The Swedish government sold Bitcoin above market prices

The 0.6 BTC, together with an equal number of bitcoin cash, which had not previously been placed, were sold by Kronofogden during a week-long auction for a total of 43,000 kroner, which equals approximately $6,841 at press time.

When the auction was announced last Thursday, the BTC for the captures was estimated at about $3,200. Bitcoin cash, according to CoinMarketCap, is currently trading around $330.

According to Digital Di, the largest digital news organization in Sweden, the identity of the winner of the auction is not immediately known, and Kronofogden did not publish an official statement on the completion of the auction.

The presentation last week was noteworthy given that Kronofogden, which acts as a sort of debt collection agency, has acquired its cryptocurrency reserves as part of its official duties. According to Digital Di, one of the other bidders, a member of the daily trading podcast Borspodden confirmed that they took part, but said they did not win the auction.

Kronofogden is not the first state agency that sold the confiscated bitcoin. Earlier this month, the U.S. Department of Justice officially seized $48 million, which was accrued through the sale of 144,336 bitcoins from the close of the dark market of the Silk Road.

At the press-time price of about $ 5,650, those reserves would be cost more than $800 million.

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