$22 million value of Bitcoin sole in Australian-first auction

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If we had a integrate of million to gangling final week, we could have won yourself a really healthy transport of Bitcoin.

On Tuesday, financial services organisation Ernst and Young announced it had successfully auctioned off 24,518 bitcoins. The bitcoins are worth around A$22 million ($16 million) by stream value. One bitcoin is currently worth A$891.95 ($657.89) as during time of publication.

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The sealed general auction, that finished on Jun 21, was open to bidders who supplied a deposition 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 value good in additional of A$1 million, nonetheless bidders could have paid less.

Ernst and Young did not divulge a volume generated by a auction nor a identities of participants. According to Ernst and Young exchange partner Adam Nikitins, a auction captivated seductiveness from “Bitcoin exchanges, digital item investment supports and high net value individuals.”

“We are gratified to news that a auctions were rarely successful and all bidders have been told of a auction outcomes,” he pronounced in a statement.

“The routine was really rival and demonstrates a flourishing appetite


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