logo

Spanish Research Institution Plans to Sell Bitcoin Purchased for $10,000 in 2012, Now Worth Over $10 Million

By: theblockbeats.news|2025/11/06 19:45:53
0
Share
copy
BTCBTC
--
bank-tokenbank-token
renewable-energyrenewable-energy

BlockBeats News, November 6, according to Cointelegraph, a public research institution in Spain is preparing to sell its holdings of Bitcoin, currently worth over 10 million dollars, whereas these Bitcoins were initially purchased in 2012 as part of a blockchain research project for only 10,000 dollars.

According to the Spanish newspaper El Día, the Renewable Energy and Technology Institute (ITER), affiliated with the Tenerife Island Council, bought 97 Bitcoins over a decade ago for research into blockchain technology. The council is currently finalizing the plan to sell this holding.

Juan José Martínez, the Commissioner of Innovation Affairs of Tenerife, stated that the council is collaborating with a Spanish financial institution authorized by the Bank of Spain and the National Securities Market Commission to assist in completing this sale. Due to regulatory and volatility risks, most European banks still refuse to process Bitcoin transactions, making the process of selling Bitcoins by this research institution even more complex.

-- Price

--

You may also like

Naval personally takes the stage: The historic collision between ordinary people and venture capital

Naval personally stepped in as the chairman of the USVC Investment Committee. This SEC-registered fund launched by AngelList attempts to bring top private tech assets like OpenAI, Anthropic, and xAI to the general public with a $500 entry threshold. It is not just a new fund, but a structural experi...

a16z Crypto: 9 Charts to Understand the Evolution Trends of Stablecoins

Stablecoins are evolving from trading tools into universal payment infrastructure, and this process is quieter and more thorough than most people expected.

Refutation of Yang Haipo's "The End of Cryptocurrency"

This may be the true test of cryptocurrency. It's not about whether the price has reached a new high, nor about who will achieve financial freedom in the next bull market, but rather whether, after all the grand narratives have been washed away by cycles, it can still leave behind some simpler, more...

Can a hairdryer earn $34,000? Interpreting the reflexivity paradox of prediction markets

Prediction markets are essentially betting on reality, and when participants can access or even influence this path earlier, the market no longer just reflects reality but begins to shape it in return.

6MV Founder: In 2026, the "landmark turning point" for crypto investment has arrived

"I will deploy funds in 2026, so I will tell you this is the best year in history."

Abraxas Capital Mints $2.89 Billion USDT: Liquidity Boost or Just More Stablecoin Arbitrage?

Abraxas Capital just received $2.89 billion in freshly minted USDT from Tether. Is this a bullish liquidity injection for crypto markets, or is it business as usual for a stablecoin arbitrage giant? We analyze the data and the likely impact on Bitcoin, altcoins, and DeFi.

The Joker is back
Bigger pools, auto-play, lucky buffs.
The Joker is backJoin now and grab your rewards.

Contents

Popular coins

Latest Crypto News

00:42

Time: The address marked as "BLESS Whale" received 99.9 million BLESS from the Null Address

According to Arkham monitoring, the Null address (0x000...000) recently transferred a total of 99.9 million BLESS to the address 0xa6a...1323 through minting, worth approximately $654,800. This token directly originates from the initial minting.On-chain data shows that the receiving address has freq...
ARKMARKM
--
00:42

Data: In the past 24 hours, the total liquidation across the network was 173 million USD, with long positions liquidated at 107 million USD and short positions liquidated at 66.0149 million USD

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $173 million, with long positions liquidated at $107 million and short positions liquidated at $66.0149 million. Among them, Bitcoin long positions were liquidated at $12.5968 million, Bitcoin short posit...
BTCBTC
--
ETHETH
--
23:42

Foreign media: The second round of negotiations between Iran and the United States is scheduled for April 27

According to Jinshi, citing New Delhi Television, the second round of negotiations between Iran and the United States is scheduled to be held on April 27.
23:42

USDD 2.0 deposit mining activity launched

According to official news, the USDD 2.0 supply mining phase 17 has now launched on the JustLend DAO platform.This event starts on April 25, 2026, at 20:00 (Singapore time) and ends on May 23, 2026, at 19:59:59 (Singapore time), with a dynamically adjusted annualized yield of approximately 4.25%. Re...
23:42

Data: In the past 24 hours, the entire network has liquidated $185 million, with both long and short positions being liquidated

According to CoinGlass data, the total liquidation amount in the cryptocurrency market in the past 24 hours reached $185 million, with long positions liquidated at $104 million and short positions liquidated at $81.51 million.The liquidation amount for BTC reached $14.4255 million, and for ETH, it w...
Read more
Community
iconiconiconiconiconiconicon

Customer Support Bot：@WEEX_support_smart_Bot

VIP Services：support@weex.com