Buyer Paid 5 Times Its Value To BTC At The Auction!

At an auction held in France, a buyer paid 5 times its value to BTC at the auction.

The French state organized an operation and seized hundreds of Bitcoins. BTCs were sold at an auction held today. A buyer paid 5 times the valued price of BTC at the auction. The fact that a person buying Bitcoin at the auction held, interestingly, paid 5 times the value of the cryptocurrency, astonished everyone. This buyer, whose identity is unknown, offered 26,800 Euros, or approximately $ 32,000, for a lot of 0.11 BTC. In a post by French journalist Gregory Raymond, he stated that 0.11 BTC was sold at this price. It was stated that the amount paid was 5 times the prices at the time of sale. 0.11 BTC could be purchased in the market for $ 6,150 at that time. On the other hand, in accordance with the terms of the auction, the buyer will make an additional payment of 14.28 percent for the transfer. Thus, the buyer will have paid a total of $ 36,500 for 0.11 BTC. This price is the same as paying around $ 330k for 1 BTC. In the auction held, Bitcoins were sold at values ​​close to the normal market price. Identity of the buyer or why he made such an offer remains a mystery.