The 200k is just the deposit. You still have to pay the full bid amount (likely close to the market price for 3,000 btc

Wouldn't it be the final bid amount + auction fees minus the 200k deposit? Where is a million dollar lottery ticket when you need it!

We're doing exactly this. Take a look https://www.govcoins.com

Is there a min buy in?

Folks, the btx group bid off -- we won't be able to get the necessary operations in place, in time.

Are you still going to charge everyone $100 for depositing their money with you since you were not able to get everything in place in time?

No.