Spanish coffee chain Vanadi plans to invest over $1.1 billion to acquire Bitcoin and transform into a 'Bitcoin First' company

Odaily Planet Daily News: Spanish coffee chain Vanadi Coffee SA plans to invest over $1.1 billion to purchase Bitcoin, following MicroStrategy's example and fully shifting the company's strategic focus to Bitcoin. Chairman Salvador Mart í is expected to request authorization to implement the Bitcoin reserve strategy and obtain financing rights at the next board meeting on June 29th. At present, the company has completed its first purchase, investing $500000 to acquire 5 BTC. This strategy aims to reverse the company's loss of $3.7 million in 2024.