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Yuga Labs’ first Bitcoin NFT auction nets $16.5M in 24 hours

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The auction for Yuga Labs’ inaugural Bitcoin Ordinal nonfungible token (NFT) collection has ended, netting the firm $16.5 million in just 24 hours.

A total of 288 bidders won one of the Bitcoin NFTs from the “TwelveFold” collection. Yuga said the winners will receive their inscription within one week, while the unsuccessful bids will have their bid amount returned within 24 hours.

The TwelveFold auction has ended. Congratulations to the top 288 bidders - you will receive your inscription within one week.

Valid bids that did not rank in the top 288 will have their bid amount returned to their receiving address within 24 hours.According to NFT collector ‘tropoFarmer’, the auction yielded 735 BTC worth an estimated $16.5 million at current prices.

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