Deprecated: Methods with the same name as their class will not be constructors in a future version of PHP; mvp_ad_widget has a deprecated constructor in /home/thewaitress/public_html/wp-content/themes/click-mag/widgets/widget-ad.php on line 12

Deprecated: Methods with the same name as their class will not be constructors in a future version of PHP; mvp_authors_widget has a deprecated constructor in /home/thewaitress/public_html/wp-content/themes/click-mag/widgets/widget-authors.php on line 12

Deprecated: Methods with the same name as their class will not be constructors in a future version of PHP; mvp_catlist_widget has a deprecated constructor in /home/thewaitress/public_html/wp-content/themes/click-mag/widgets/widget-catlist.php on line 12

Deprecated: Methods with the same name as their class will not be constructors in a future version of PHP; mvp_facebook_widget has a deprecated constructor in /home/thewaitress/public_html/wp-content/themes/click-mag/widgets/widget-facebook.php on line 12

Deprecated: Methods with the same name as their class will not be constructors in a future version of PHP; mvp_pop_widget has a deprecated constructor in /home/thewaitress/public_html/wp-content/themes/click-mag/widgets/widget-pop.php on line 12

Deprecated: Methods with the same name as their class will not be constructors in a future version of PHP; mvp_taglist_widget has a deprecated constructor in /home/thewaitress/public_html/wp-content/themes/click-mag/widgets/widget-taglist.php on line 12

Deprecated: Methods with the same name as their class will not be constructors in a future version of PHP; mvp_tags_widget has a deprecated constructor in /home/thewaitress/public_html/wp-content/themes/click-mag/widgets/widget-tags.php on line 12
Sweden's Government Sold Bitcoin Today At Above Market Rates | Pitchily
Connect with us

Sweden's Government Sold Bitcoin Today At Above Market Rates

Cryptocurrency

Sweden's Government Sold Bitcoin Today At Above Market Rates


The Swedish government has successfully auctioned off some bitcoin, collecting more than the prevailing market rate in the sale.

The 0.6 BTC – along with an equal amount of bitcoin cash, which was not previously dsiclosed – were sold by the Kronofogden during a week-long auction for a total of 43,000 kroner, equal to roughly $6,841 at press time.

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

According to Digital Di, Sweden’s largest digital news organization, the identity of the winning bidder isn’t immediately known, nor has the Kronofogden issued an official statement marking the conclusion of the auction.

The auction’s unveiling last week was a notable one, given that the Kronofogden – which acts as a kind of debt collection agency – had acquired the cryptocurrency holdings as part of its official duties. According to Di Digital,  one of the other bidders, a member of the day-trading podcast Borspodden confirmed they participated but said they did not win the auction.

Kronofogden is not the first government agency to sell seized bitcoin. Earlier this month, the U.S. Department of Justice formally took possession of $48 million it accrued through the sale of 144,336 bitcoins since the closure of the Silk Road dark market.

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

Image via Tupungato / Shutterstock.com.

The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Have breaking news or a story tip to send to our journalists? Contact us at news@coindesk.com.



Source link

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

More in Cryptocurrency






To Top