Tenerife Council Sells Bitcoin from 2012 After Massive 10,000% Price Surge

The Tenerife Island Council has announced plans to sell its Bitcoin holdings originally purchased in 2012, following an extraordinary price appreciation of nearly 10,000%. This strategic divestment decision comes as Bitcoin reaches unprecedented valuation levels, showcasing one of the most successful long-term cryptocurrency investments by a governmental entity. The council's move demonstrates the substantial returns possible in digital asset investments over extended periods.