From $10K to $10 Million: Spain’s Public Bitcoin Fund Becomes a Success Story

A Spanish research institute, the Institute of Technology and Renewable Energies (ITER), has turned a humble $10,000 Bitcoin investment into a multimillion-dollar windfall. Originally purchased in 2012 as part of an academic study exploring blockchain technology for data integrity, the Bitcoin holdings are now poised to fund groundbreaking quantum research projects. The institute’s decision to liquidate its 97 BTC reflects Spain’s ongoing efforts to regulate the crypto industry while embracing innovation.