Tenerife Council to Sell Bitcoin Bought in 2012 After Near 10,000% Price Rise

The Tenerife Council has decided to sell the Bitcoin that it initially purchased back in 2012, following an astonishing price increase of nearly 10,000%. This significant rise in value has prompted the local government to consider divesting this cryptocurrency asset, marking a pivotal moment in their financial strategy. The decision reflects not only the council's response to the escalating cryptocurrency market but also the potential benefits that could arise from realizing profits from such a substantial investment. source: https://www.coindesk.com/markets/2025/11/06/tenerife-council-to-sell-bitcoin-bought-in-2012-after-near-10-000-price-rise