28 Jun '16, 4am

$22 million worth of Bitcoin sold in Australian-first auction

If you had a couple of million to spare last week, you could have won yourself a very healthy haul of Bitcoin. On Tuesday, financial services firm Ernst and Young announced it had successfully auctioned off 24,518 bitcoins. The bitcoins are worth around A$22 million ($ 16 million) by current value. One bitcoin is currently worth A$891.95 ($ 657.89) as at time of publication. SEE ALSO: Report: Netflix is no longer Australia's fastest growing streaming service The closed international auction, which ended on June 21, was open to bidders who supplied a deposit of $250,000 (A$338,698) and met other financial requirements. There were 11 lots of 2,000 bitcoins and one lot of 2,518 bitcoins. Each lot was worth well in excess of A$1 million, although bidders could have paid less. Ernst and Young did not disclose the amount generated by the auction nor the identities of participant...

Full article: http://mashable.com/2016/06/27/bitcoin-auction-australia/

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