Tenerife Government Negotiates Sale of Bitcoin Holdings Amid Regulatory Challenges

According to PANews, the government of Tenerife is in discussions to sell 97 bitcoins, originally purchased by the island's Institute of Technology and Renewable Energy (ITER) in 2012 for €10,000. The current sale price is estimated to reach $10 million. Juan José Martínez, a member of the Tenerife parliament overseeing ITER, disclosed that negotiations are underway with a Spanish financial institution regarding the purchase. Previous attempts to sell the cryptocurrency were hindered by regulatory obstacles and concerns over asset volatility source: https://www.binance.com/en/square/post/31937869604122?utm_source=BinanceNewsRSS