Overview
- The Island Council says it is negotiating a sale through a Spanish financial institution regulated by the Bank of Spain and the CNMV.
- Earlier attempts to liquidate were declined by banks over compliance and volatility concerns.
- The stash is reported to be worth around €10 million at current prices, though estimates differ across reports.
- Officials expect to complete the transaction in the coming months, pending regulatory and logistical steps.
- ITER maintains the 2012 purchase was a blockchain study, and the funds will support projects at its Granadilla de Abona facility, including quantum research.