Overview
- The Council of Tenerife says the stash was acquired for about €10,000 as part of a blockchain research experiment, not an investment.
- Proceeds are earmarked for new programs at ITER, with quantum technology highlighted by innovation chief Juan José Martínez.
- Earlier attempts to liquidate the holdings stalled as banks declined to process crypto transactions citing regulatory and volatility risks.
- Talks are underway with an unnamed counterparty supervised by Banco de España and the CNMV, with completion expected in the coming months if approvals hold.
- Coverage pegs the current value around €10 million (roughly $9.8 million), though outlets describe the gain using different percentage metrics.