Council’s Bitcoin Gamble Pays Off 💸 10,000% Surge!

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Markets

What to know:

  • The esteemed council of Tenerife, in a moment of uncharacteristic daring, acquired 97 bitcoin in 2012 for €10,000-now worth nearly €10 million. One might call it luck; others, divine intervention. 🍀
  • ITER, the island’s tech savant, purchased the cryptocurrency to study blockchain, not to chase profit. Alas, fate is a fickle mistress. 😂
  • The proceeds shall fund “new research projects,” including quantum technology. Because nothing says “responsible governance” like investing Bitcoin gains into the next speculative frenzy. 🚀

It is a truth universally acknowledged, that a local council in possession of a modest sum must be in want of… cryptocurrency? In 2012, Tenerife’s Instituto Tecnológico y de Energías Renovables (ITER) embarked on a research project with €10,000 and 97 bitcoin-a decision that now reads less like a scientific endeavor and more like a lottery win. 🎉

While officials insist their motives were pure (studying blockchain, not profiting!), one wonders if they’ve ever truly washed their hands of suspicion. 🧼 The coins, once dismissed as “digital trinkets,” now boast a 10,000% gain. Even Elizabeth Bennet might raise an eyebrow at this twist of fortune. 😉

Alas, Spanish banks proved stubborn dance partners in prior attempts to sell. Undeterred, ITER now courts a “regulated financial entity,” because nothing says romance like bureaucratic courtship. 💕

Juan José Martínez, Tenerife’s innovation councillor, vows the windfall shall fund quantum technology research. One can only hope their next experiment involves predicting the weather-or at least the next crypto crash. ☔

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2025-11-06 16:57