A Spanish research institution plans to sell 97 BTC purchased in 2012, now worth over $10 million.

Jinse Finance reported that the Spanish public research institution, the Technological and Renewable Energy Institute (ITER), plans to sell its bitcoin holdings, which were purchased in 2012 for $10,000 and are now worth over $10 million. The institute is affiliated with the Tenerife Island Council and originally acquired 97 BTC for blockchain technology research. Juan José Martínez, the Innovation Councillor of Tenerife Island, stated that the council is working with a Spanish financial institution authorized by the Bank of Spain and the National Securities Market Commission, and the transaction is expected to be completed in the coming months.