Spanish Coffee Brand Vanadi Coffee Plans to Invest more than $1.1 Billion to Buy Bitcoin

The Spanish coffee chain Vanadi Coffee plans to invest more than $1.1 billion to buy #Bitcoin and fully transform into a "Bitcoin first" company. Chairman Salvador Martí follows MicroStrategy's strategy and plans to raise funds through the issuance of shares. He will seek authorization to implement the Bitcoin accumulation plan at the board meeting on June 29. Vanadi lost $3.7 million in 2024, and this move is aimed at reversing financial difficulties through Bitcoin. Martí bought 5 BTC (about $500,000) two weeks ago, but the company's stock price fluctuated, indicating the risk of transformation. (BeInCrypto)