The Tenerife government is planning to sell 97 bitcoins acquired by the island's Institute for Technology and Renewable Energy (ITER) in 2012 for €10,000. The current asking price is approximately $10 million, reflecting a 1000-fold increase in value. Juan José Martínez, overseeing ITER, confirmed ongoing discussions with a Spanish financial institution for the sale. Previous attempts to sell were hindered by regulatory challenges and volatility concerns. The potential buyer, yet to be named, is certified by the Spanish Bank and the National Securities Market Commission. ITER had no access to its wallets for eight years before initiating the sale process.