US govt starts auction of Bitcoin, Litecoin worth ₹2.7 crore

The US General Services Administration has started bidding on 11 lots of cryptocurrency, totalling 8.93 Bitcoins and 150.2 Litecoins with a combined market value of nearly ₹2.7 crore ($377,000). The four-day auction will close on June 22, 2021, with the option to extend the closing time to accommodate last-minute bidding.