Vanadi Espresso, a restaurant chain with six retailers in Spain, has introduced that stakeholders have authorized a €1 billion ($1.17 billion) Bitcoin funding plan, in a transfer to “redefine” its enterprise mannequin.
The corporate reported a lack of €3.3 million ($3.86 million) in 2024, a 15.8% improve from the earlier 12 months. Because of this, the beleaguered Vanadi has pivoted to a shift in its technique, adopting Bitcoin as its major reserve asset.
“Vanadi Espresso has adopted quite a few monetary devices to help its Bitcoin technique since final April and can use Bitcoin as a strategic retailer of worth in its new enterprise mannequin,” the espresso chain mentioned in an official announcement.
Vanadi Espresso’s Billion-Euro BTC Play
The espresso chain has taken its cue from main worldwide gamers which might be betting large on the same BTC technique, together with Saylor’s Technique and Japanese Metaplanet.
The corporate mentioned that it’s aiming to build up “massive quantities of Bitcoin” as a part of its treasury. Additional, it mentioned that Bitcoin funding is a long-term dedication.
“Vanadi Espresso is diversifying its enterprise into Bitcoin funding and administration and different cryptocurrency-related areas,” the espresso chain famous.
Additional, the agency goals to create a strategic window for buyers, given the shortage of BTC treasury firms listed in Spain and EU markets.
Vanadi Espresso Acquires Extra 20 BTC, At present Holds 54 BTC
The espresso group has added 20 BTC to its Bitcoin stash on Sunday, the corporate mentioned in a separate announcement. The brand new buy provides as much as its already current treasury, totalling 54 BTC, price $5.8 million at press time.
Amped up on caffeine, Vanadi Espresso (https://t.co/doyQCPelOe)
are solidly within the purchase zone with one other 20 BTC on the books (now 54). https://t.co/zqL8J0C2XC pic.twitter.com/DnRmA0tEn4— MicroStrategist.com | BitcoinPower.Legislation (@BitcoinPowerLaw) June 29, 2025
Vanadi has partnered with Spanish agency Bit2Me as its unique liquidity and custody supplier.
Curiously, per Google Finance knowledge, Vanadi’s shares on BME Progress tripled this month, after it introduced its BTC acquisition plans.
Just lately, a flurry of firms have introduced their Bitcoin treasury play, together with crypto change Bakt, which not too long ago filed for a $1 billion S-3 registration to fund Bitcoin acquisitions.
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