Vanadi Coffee's Stock Surges 300% After Bold Bitcoin Bet!

Spanish Cafe Chain's Shareholders Approve €1 Billion BTC Investment

Holy caffeine rush! Vanadi Coffee, a struggling Spanish cafe chain, just saw its stock skyrocket over three times its initial value. Why? Because shareholders greenlit a jaw-dropping plan to pump up to €1 billion into Bitcoin! That's right, they're betting big on BTC.

On June 29, Vanadi's shareholders gave the thumbs up to this wild new strategy. This tiny chain, with just six cafes in Alicante, is now gunning to be Spain's biggest company with a Bitcoin stash. Talk about going from zero to hero!

Right now, Vanadi holds the crown as Spain's first publicly-listed company with a Bitcoin treasury. But it's been rough lately - in 2024, they reported losses of €3.3 million, a whopping 15.8% worse than the year before. Ouch!

But guess what? Right after announcing their BTC love affair, they scooped up another 20 BTC, worth about $2.16 million. That brings their total to 54 BTC, or over $5.8 million as of June 30. Cha-ching!

The news of this pro-Bitcoin shareholder meeting sent Vanadi's stock into the stratosphere. In the last month alone, it blasted up 242.96% as they gobbled up Bitcoin like it's going out of style. And right after the press release dropped, the stock got another 6.62% boost. Ka-pow!

Since April 2024, Vanadi's been pulling all sorts of financial tricks to back their Bitcoin play. They're all in on using BTC as a strategic store of value in their new biz model.

"Vanadi Coffee is flipping the script by using Bitcoin as its main reserve asset. We're gonna stack sats like there's no tomorrow!" the company declared in their press release. You heard it here first, folks!

Vanadi says they got inspired by big shots like Strategy and Metaplanet, who've been making huge moves with their corporate Bitcoin strategies. And they're not alone - lots of other companies are jumping on the BTC bandwagon.

Over in Europe, Norway's Green Minerals, the U.K.'s Smarter Web Company, and The Blockchain Group are all racing to raise cash and buy up more Bitcoin. It's a full-on BTC buying spree, and Vanadi Coffee is leading the charge in Spain!