The two-day auction of 0.7501 bitcoins began on Monday and ended on Wednesday. Upon the closure of the event, the highest bidder won with an offer of $53,104. Approximately at the time, BTC traded at around $55,400, meaning that the winner had to pay a premium of 21% for his purchase through the government.
https://cryptopotato.com/the-us-government-sold-bitcoins-at-a-21-premium/
Does this seems backwards to everyone else or is it just me? Didnt the buyer get a discount?
How is that a premium? Or is this government math?
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I wonder if he had to pay extra to enter the auction. If he got it without entry-fees then yes its a discount. However given how the government is, I bet they charged an extra fee on top of entry and fees.
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Ah that would make sense.
Probably something he had to add to it. The government wants to milk everyone.
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