Following shareholder approval, Vanadi Coffee aims to redefine its business model by adopting Bitcoin as its primary treasury asset, reflecting a significant shift in corporate strategy.
Vanadi Coffee plans to invest up to €1 billion in Bitcoin after shareholder approval, making it Spain's largest publicly listed Bitcoin-holding company. The firm has increased its total Bitcoin holdings to 54 BTC, valued at approximately €5.8 million, and its stock price has surged over 200% since the announcement. This strategic pivot aims to address a recent €3.3 million loss and position the company similarly to MicroStrategy in the U.S.