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Vanadi Coffee Joins European Firms Increasing Bitcoin Holdings
Vanadi Coffee, a publicly-listed company operating six cafes exclusively in Alicante, approved a major strategic pivot on June 29 to increase Bitcoin holdings on its balance sheet. This move aims to position Vanadi Coffee as Spain’s largest corporate Bitcoin treasury.
Growing Bitcoin Reserves Amid Financial Challenges
Despite facing a slump in 2024, with reported losses of €3.3 million—up 15.8% from 2023—the company has doubled down on Bitcoin. Shortly after announcing the strategy change, Vanadi Coffee added 20 BTC (approximately $2.16 million) to its reserves. This raised the company’s total Bitcoin holdings to 54 BTC, valued at over $5.8 million as of June 30.
Market Reacts to Bitcoin-Driven Strategy
The pro-Bitcoin decision at the shareholder meeting has positively influenced investor confidence. Vanadi Coffee’s stock surged by nearly 243% during June, fueled by its significant Bitcoin acquisitions. Following the press release, the stock price jumped an additional 6.62%.
New Business Model Focused on Bitcoin
Since April 2024, Vanadi Coffee has pursued several financial strategies to support its Bitcoin accumulation plan. The company’s latest press release states:
“Vanadi Coffee is redefining its business model by using Bitcoin as its primary reserve asset, and will accumulate significant amounts of Bitcoin as part of its treasury management.”
The firm cites inspiration from international peers like Strategy and Metaplanet, which have also adopted corporate Bitcoin treasury strategies.
Broader European Trend
Vanadi is part of a wider European movement. Companies such as Norway’s Green Minerals, the U.K.’s Smarter Web Company, and The Blockchain Group have accelerated efforts to raise capital for Bitcoin purchases.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
