Spanish Institute to Cash Out $10M in Bitcoin Bought for €10K

TLDR: Tenerife’s ITER bought 97 Bitcoin in 2012 for roughly €10,000 as a research investment. The holdings now approach a valuation near €10 million, a 1,000-fold increase. A sale is in discussion via a Spanish regulated financial institution under Banco de España and CNMV oversight. Public-sector entities holding long-term Bitcoin are rare; this case highlights [...]

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