Researchers Turn $10k Bitcoin Purchase into $10M Stash – But Selling It Is a Major Hurdle

A Spanish public research institute is facing unexpected challenges as it prepares to sell a long-forgotten Bitcoin stash now worth over $10 million, originally purchased for just $10,000 more than a decade ago. The Institute of Technology and Renewable Energies (ITER), a public body overseen by the Tenerife Island Council, bought 97 Bitcoin in 2012 as part of an experimental blockchain research project. At the time, Bitcoin traded at roughly $100 per coin. Thirteen years later, with Bitcoin hovering nea ...