The highest bidder purchased one of the 288 Bitcoin Ordinals-based NFTs, who offered slightly over 7 BTC. The first-ever Yuga Labs Bitcoin Ordinal NFT collection’s auction has finished, bringing in $16.5 million for the company in just one day.

One of the Bitcoin NFTs from the “TwelveFold” collection was won by one of 288 different bidders. According to Yuga, failed bidders will receive their bid sum back within 24 hours, while winners will receive their inscriptions within a week.

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.

— Yuga Labs (@yugalabs) March 6, 2023

735 Bitcoin, valued at about $16.5 million at the time of the auction, were obtained. One of the items was purchased for slightly over 7 BTC ($161,000) by the highest bidder out of the 288.

By defining the collection as a “base 12 art system centered around a 1212 grid, a visual metaphor for the geography of data on the Bitcoin blockchain,” Yuga announced in late February.

There are 300 limited-edition generative artworks engraved on Satoshis on the BTC network. The fortunate recipients couldn’t wait to share their brand-new NFTs online:

I was lucky enough to place a winning bid for a @yugalabs #Twelvefold #BTC ordinal. Can’t wait to see how this ages in the decades to come. Won’t ever catch me fading #yuga. Also… Massive props to @nftsupply for the help setting up a wallet etc. He’s a huge resource for us all. pic.twitter.com/g8fSDIfhzX

— Carsonturner.eth📍 ATL (@carsonturner) March 6, 2023

Yuga Labs faced criticism from the cryptocurrency community over the weekend when faults were found in how Yuga handled the auction for the Ordinals collection.