Tenerife’s Instituto Tecnológico y de Energías Renovables (ITER) plans to sell 97 Bitcoin, purchased in 2012 for €10,000 as part of a blockchain research initiative, now worth nearly €10 million. The project was originally aimed at studying blockchain technology, not generating profit. Due to regulatory requirements, ITER is working with a Spanish financial entity regulated by the Bank of Spain and CNMV to facilitate the transaction. Proceeds will finance new research at ITER’s Granadilla de Abona facility, focusing on areas such as quantum technology.