Spanish Research Institute Realizes $10 Million Bitcoin Profit From Forgotten 2012 Purchase

A Spanish research institute is set to sell a large portion of a forgotten Bitcoin investment, realizing a staggering gain after the crypto’s price surged over a decade. The Institute of Technology and Renewable Energies (ITER), run by Tenerife Island Council, acquired 97 BTC in 2012 as part of an experimental blockchain research project, according to reports from El Día. 10 years later, the value of their investment has skyrocketed, with the Bitcoin stash worth over $10 million today.