Vanadi Coffee invests in Bitcoin and considers issuing convertible bonds
According to the company's presentation, Vanadi Coffee plans to add at least 10,000 BTC to its balance sheet. To achieve this, it is proposed to use convertible debt instruments and structured financing. The company's management notes that such a step is aimed at diversifying the treasury and increasing yields through the accumulation of the first cryptocurrency.
The presentation also mentions examples of successful companies—Strategy, Metaplanet, and The Blockchain Group—that have managed to increase their stock prices after transitioning to a crypto-oriented business model.
At the moment, Vanadi Coffee has already acquired 5 BTC. In May, the company received two proposals for issuing convertible bonds from Patblasc Software Consulting and WGTO Securitisation Fund. The latter belongs to the Alpha Blue Ocean consortium, which owns 44% of the coffee chain's shares.
It was also previously reported that British politician Nigel Farage announced plans to create a state Bitcoin fund and promote cryptocurrency reform if his party wins the elections.
