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.

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. Read more…

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