## Spanish Research Institution to Sell Bitcoin Acquired in 2012 The Spanish public research institution, ITER, plans to liquidate its Bitcoin holdings acquired in 2012. Cointelegraph reported that ITER possesses 97 BTC, originally purchased for research purposes. ## Cashing in on Bitcoin's Price Surge ITER intends to sell the cryptocurrency due to its significant price appreciation since its initial investment. The sale will allow the institution to capitalize on Bitcoin's growth and reinvest the funds. ## Funding Future Research Initiatives The proceeds from the Bitcoin sale will be strategically allocated to support various research projects spearheaded by ITER. Key areas of focus include cutting-edge quantum technology, demonstrating a commitment to scientific advancement and innovation within Spain. This sale allows ITER to further its mission through strategic financial management. ```