The post Spanish Vanadi Coffee Plans $1.1B Bitcoin Investment After Losses appeared on BitcoinEthereumNews.com.

$1.1 billion in Bitcoin  Vanadi Coffee’s strategy  The Spanish firm is working toward its goal of becoming a Bitcoin-first business. Chairman Martí seeks board approval on June 29, 2025. Despite the current state of the market, Spanish coffee company Vanadi Coffee has stated its intention to spend $1.1 billion in Bitcoin. After reporting significant losses in 2024, the company is trying to turn into a Bitcoin-first business. Spain-based Vanadi Coffee runs six spots,  five cafes, and a bakery. Last year, the chain lost $3.7 million above its annual revenue of $2.28 million, it reported. Because of the financial hardship, a major change in strategy was necessary. The $1.1 billion Bitcoin acquisition was proposed by Chairman Salvador Mart. Two-thirds of the plan is to raise money through convertible financing and stock issuance. Martí is certain that this particular action will bring about a state of financial stability for the organization. The board’s meeting of June 29, 2025, will review the proposal. If approved, Vanadi will start buying tranches of Bitcoin, mitigating market impact. Financial Struggles Drive Bitcoin Pivot Vanadi Coffee (VANA), traded on the Madrid Stock Exchange since its IPO in July 2023, has seen its stock tank. It currently trades at €0.28, from €3.28 per share, a fall of 91%. Revenues for the company in 2024 remained flat at €2m, and losses increased by 15 percent from 2023. Bitcoin could be a lifeline for the struggling chain, in Martí’s view. Two weeks back, Martí bought 5 BTC for $527,110 to test the strategy. At first, VANA stock spiked 22 percent, climbing from €0.40 to €0.49. But these gains proved short-lived, as shares dropped back to €0.28. This volatility is commensurate with Bitcoin’s price change, which went down from $111,000 to $105,000 in the same period. This correlation underscores the dangers…

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Filed under: News - @ June 5, 2025 4:28 am