Tenerife Council Sells 97 Bitcoins for €10 Million, Funding New Research

The Tenerife Island Council is selling its 97 bitcoins, purchased in 2012 for a modest €10,000, to fund new research projects at ITER. The sale, which now yields an estimated $10 million, reflects the significant appreciation of cryptocurrency value over time. This decision highlights the potential benefits of early investments in cryptocurrencies and showcases the growing role of crypto assets in research funding.