Spanish Coffee Chain Vanadi Coffee Approves Up to €1 Billion Worth of Bitcoin Investment Plan
Suehyeon Lee
Summary
- Spanish listed coffee chain Vanadi Coffee announced it has approved a Bitcoin investment plan worth up to €1 billion.
- Vanadi Coffee declared it will make Bitcoin a core asset in its financial strategy.
- With this decision, additional Bitcoin purchases are expected to be accelerated.
Shareholders of the Spanish listed coffee chain Vanadi Coffee have approved a Bitcoin (BTC) investment plan worth up to €1 billion (approximately ₩1.5898 trillion).
According to The Block on the 29th (local time), Vanadi Coffee shareholders approved a Bitcoin investment plan worth up to €1 billion. The company has already purchased 54 BTC (valued at about $5.8 million).
In its official announcement, Vanadi Coffee stated, “Like Strategina and Metaplanet, Vanadi Coffee will redefine its business model to make Bitcoin a core asset in its financial strategy.” With this decision, the company is expected to accelerate additional Bitcoin purchases.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
