Shareholders of Vanadi Coffee have approved a plan to invest up to €1 billion in Bitcoin as part of a new strategy to manage the company’s finances.
Vanadi Coffee purchased an additional 20 Bitcoin this month, bringing their total Bitcoin holdings to 54 BTC, with a value of approximately €5.8 million.
Vanadi Coffee has become one of the first publicly listed companies in Spain to adopt Bitcoin as its primary treasury asset, leading to a significant increase in its stock value on BME Growth.
The company is pivoting sharply to Bitcoin after reporting losses in 2024, with pending investment proposals that may help finance their Bitcoin accumulation.