Vanadi Coffee Seeks Shareholder Approval for $1.1 Billion Bitcoin Investment, Following MicroStrategy Model

Vanadi Coffee, a publicly traded Spanish coffee chain, has announced plans to invest over $1.1 billion in Bitcoin as part of a strategy to transform into a 'Bitcoin-first' company. The company intends to follow MicroStrategy's model, led by Michael Saylor.

Chairman Salvador Martí stated that the investment will be financed through a stock issuance, with the proposal to be presented for shareholder authorization at the upcoming June general meeting. Vanadi Coffee currently operates six locations, including five cafes and one manufacturing site, and was listed in July 2023.

According to disclosures, Vanadi Coffee reported a loss of €3.3 million in 2024 and does not expect to become profitable before 2027. The company has experienced a roughly 99% decline in its share price since listing, with a temporary 30% surge after the Bitcoin strategy announcement, but a 16.87% drop in the past week.

Recent funding proposals include €50 million each from Patblasc Software Consulting and WGTO Securitisation Fund, both contingent on personal and asset guarantees from the chairman. The company aims to seek shareholder approval to accumulate up to €1 billion (approximately $1.1 billion) in Bitcoin.

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