Vanadi Coffee's €1B Bitcoin Investment Plan

Shareholders of Vanadi Coffee, a small chain with six cafes in Alicante, Spain, approved a bold plan to invest up to €1 billion in Bitcoin. This decision, made on June 29, is seen as a move to enhance their standing as the largest Bitcoin treasury in Spain. Following the announcement, Vanadi's shares on the BME Growth tripled in value in June. The ambitious plan comes on the heels of a challenging year for Vanadi, which reported losses of €3.3 million in 2024, up 15.8% from the previous year. The company has already purchased 54 BTC, valued at approximately $5.8 million. Vanadi's approach mirrors strategies by companies like MicroStrategy by making Bitcoin its primary reserve asset. Two investment proposals, each up to €50 million, were received from a local software consulting firm and a family office, Alpha Blue Ocean, which has significant international investments. Vanadi has teamed up with Bit2Me for liquidity and custody solutions. Despite Vanadi's small size and lack of deep crypto sector experience, this initiative aligns with a global trend of companies bolstering their Bitcoin reserves.