TechFlow, Nov. 6 — According to Cointelegraph, the Spanish public research body Institute for Technological and Renewable Energy (ITER) plans to sell its holdings of bitcoin acquired in 2012 for $10,000, now worth over $10 million.
The institute is affiliated with the Tenerife Island Council, which originally purchased 97 BTC for blockchain technology research. Juan José Martínez, Tenerife’s innovation councilor, said the council is working with a Spanish financial institution authorized by Spain’s central bank and the National Securities Market Commission, and the transaction is expected to be completed within the coming months.
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