Spain’s ITER Invests Bitcoin Profits in Quantum Research

Spain’s Institute of Technology and Renewable Energies (ITER) is leveraging a significant profit from its early Bitcoin investment to fund quantum technology research. The institution, known for its work in renewable energy, purchased 97 BTC in 2012 for $10,000 and has now sold this investment for over $10 million. These proceeds will be reinvested into projects exploring the potential of quantum computing, encryption, and other cutting-edge technology fields.