Overview
- ITER bought 97 BTC in 2012 for roughly €10,000 as part of a blockchain study, not as a financial investment.
- The holdings are valued at nearly €10 million, and the island’s council is preparing the sale.
- ITER is negotiating with an unnamed Spanish financial institution regulated by Banco de España and the CNMV to execute the transaction.
- Innovation councillor Juan José Martínez says proceeds will fund new ITER research programs, including work on quantum technology at its Granadilla de Abona facility.
- Officials expect the liquidation to be completed in the coming months, marking a rare public-sector crypto divestment in Spain after previous bank refusals.