Spanish coffee chain Vanadi plans to invest more than $1.1 billion in Bitcoin to transform into a "Bitcoin-first" company

Odaily News Spanish coffee chain Vanadi Coffee SA plans to invest more than $1.1 billion in Bitcoin, following MicroStrategy's lead in fully shifting the company's strategic focus to Bitcoin. Chairman Salvador Martí is expected to request authorization to implement a Bitcoin reserve strategy and obtain financing authority at the next board meeting on June 29. The company has completed its first purchase, spending $500,000 to buy 5 BTC. The strategy aims to reverse the company's loss of $3.7 million in 2024.