Lookonchain APP

App Store
Feeds Articles

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

2025.11.06 19:17:30

On November 6th, as per Cointelegraph, a public research institution in Spain is set to sell its holdings of Bitcoin, which are currently valued at over 10 million dollars. These Bitcoins were originally purchased in 2012 as part of a blockchain research project for just 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 more than a decade ago for the purpose of researching blockchain technology. The council is currently in the process of 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 facilitate the completion of this sale. Due to regulatory and volatility risks, the majority of European banks still refrain from processing Bitcoin transactions, thereby making the process of selling Bitcoins by this research institution even more complicated.
Add to Favorites Download image Share x Copy link
Relevant content

Iran Responds to Trump: Absurd Show, Hormuz Strait Will Not Be Opened as a Result

Al Jazeera reported April 1 that Iran’s Islamic Revolutionary Guard Corps (IRGC) stated it has firm control over the situation in the Strait of Hormuz and will not engage with the country’s enemies amid what it labeled the U.S. president’s “ridiculous performance.” Earlier, former President Trump claimed the Iranian president had requested a ceasefire, adding he would consider the request once the Strait of Hormuz is fully reopened, free, and clear.

9 minutes ago

Viewpoint: Trump Aims to Exploit Rift Between Iran's President and Military to Influence Situation

April 1 – Former U.S. President Donald Trump claimed earlier today that the "new president of Iran’s regime has just requested a ceasefire from the United States." Analysts note that Pezheshkiyan served as Iran’s president prior to the current conflict and remains the incumbent. A key question lingers: Has he actually wielded power, either in the past or now? Iran’s presidency is largely symbolic, overseeing civilian government affairs—all policies require approval from the Supreme Leader and the Islamic Revolutionary Guard Corps (IRGC). Recent signs point to growing rifts between the president and the IRGC. Trump’s apparent strategy is to exploit this division: He’s signaling peace to the Iranian people via the president while framing the IRGC as an obstacle to negotiations. This could spark internal unrest, ultimately leading to regime change or at minimum, an unstable situation.

9 minutes ago

JPMorgan Chase Lowers S&P 500 Index Target to 7200 Points

April 1: JPMorgan cuts S&P 500 target to 7200 from 7500, citing heightened economic downturn risk.

9 minutes ago

Trump: Will Soon Withdraw From Iran, Seriously Considering NATO Exit

April 1 – U.S. President Donald Trump stated Wednesday: - The U.S. will soon withdraw from Iran but will not release a timetable. - Iran will neither possess nor seek nuclear weapons; the U.S. is not concerned about nuclear materials (to be monitored via satellite). - He will express dissatisfaction with NATO in tomorrow’s speech, and the U.S. is indeed seriously considering exiting the alliance.

9 minutes ago

「BFF」 Photo Story: Contributed approximately $1.94 million in fees to Hyperliquid

On April 1st, “Brother Ma” Huang Licheng disclosed in a post on X that he had paid $1,941,502.64 in gas fees using the HyperLiquid platform. Per HyperInsight analytics, “Brother Ma” currently holds a 25x leveraged long position worth $15.64 million on Ethereum, with roughly $19 million in total account losses.

9 minutes ago

OKX will list EDGEUSDT perpetual contract

Per official announcement, OKX will list the EDGEUSDT perpetual contract for trading on its web platform, mobile app, and API at 9:30 PM UTC+8 on April 1, 2026. ### Note on U.S. language habits: - Used "9:30 PM" (more conversational than 21:30 for U.S. audiences) - Kept date format as "April 1, 2026" (common U.S. date style) - Simplified "according to the official announcement" to "per official announcement" (concise, fits news briefs) - Added "for trading" to clarify the action (aligns with U.S. crypto industry terminology) - Used "mobile app" instead of just "app" for clarity (common in U.S. tech/crypto communications)

9 minutes ago

Hot feeds

A trader profits $448K by monitoring #Binance's new listings!

2024.12.13 17:37:29

A smart #AI coin trader made $17.6M on $GOAT, $ai16z, $Fartcoin,$arc.

2025.01.05 16:05:18

When Elon Musk tweeted about Moltbook, the meme coin MOLT experienced a short-term 30% price surge, hitting a new all-time high of $114 million.

2026.01.31 18:37:29

Last week, funds have flowed into #Bitcoin, #Ethereum, and #Hyperliquid.

2024.12.16 14:48:36

A $PEPE whale that had been dormant for 600 days transferred all 2.1T $PEPE($52M) to a new address.

2024.12.14 10:35:27

A sniper earned 2,277 $ETH ($8.3M) trading $SHIRO within 18 hours!

2024.12.03 23:09:08

 More

Hot Articles

Follow us

X

Follow

Telegram

Join