Spanish coffee giant approves $1.17 billion Bitcoin strategy

2025-07-01 02:07:14

Gate News bot news, according to Bitcoinist, the board of Vanadi Coffee has taken a bold step. On June 29, shareholders supported a plan to invest up to 1 billion euros (approximately 1.17 billion dollars) into Bitcoin. This move marks a complete departure from the company's previous practices. It also makes this small Spanish coffee chain a focal point for significant bets in the Crypto Assets space.

According to the documents submitted to BME Growth, Vanadi will use Bitcoin as its main reserve asset. The company plans to reserve a large amount of BTC next to its espresso machines.

Shareholders voted overwhelmingly in favor of the plan, and Vanadi's goal is to catch up with companies like Strategy (holding over 200,000 BTC) and Japan's Metaplanet.

According to reports, Vanadi has purchased 54 Bitcoins, worth approximately 5.8 million euros at the current exchange rate. After the news broke, its stock price skyrocketed more than twofold in June.

Investors seem eager for companies that use Crypto Assets in their cash reserves. This upward trend indicates a huge demand for digital assets at present.

Vanadi operates six coffee shops in Alicante and its surrounding areas. The chain reported an operating loss of 3.3 million euros in 2024, an increase of 15.8% from the previous year. Rising coffee costs and fierce competition have squeezed its profit margins.

Before negotiating with Alpha Blue Ocean, the management even rejected the 50 million euro offer proposed by local consultants, while Alpha Blue Ocean had provided 1.5 billion euros in funding for 15 companies.

Analysts warn that the operation of treasury-level Crypto Assets requires deep expertise. The leadership of Vanadi lacks experience in the Crypto Assets market or large balance sheet operations. The volatility of Bitcoin could pose a heavy blow to the company.

Spain's regulatory authorities maintain a cautious attitude towards digital assets. Any misstep could result in fines or forced asset sales.

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