EY is auctioning off 24,518 bitcoin, worth up to $A16 million, next month, in an Australian first.
EY transactions partner Adam Nikitins says undisclosed vendor has asked the company to sell the bitcoin, confiscated last year under proceeds of crime laws.
EY plans to sell the bitcoin in 12 lots via a 48-hour sealed bid auction between June 20 and 21 and expects to get more than $1 million for each lot.
Bidders will be able to submit bids on 11 lots of 2,000 bitcoin and one lot of approximately 2,518 bitcoin.
http://www.businessinsider.com.au/ey-is-selling-16m-worth-of-bitcoin-at-auction-2016-5
