Vanadi Coffee (Vain), a Spanish coffee shop and restaurant chain, has announced that it will invest 1 billion euros to add heat to its facilities through Bitcoin (BTC) and increase its digital assets holdings.
Yesterday, on June 29, the board of directors of Alicante’s original company approved the issuance of debts to raise these funds.
Currently, Vanadi has 34 BTC in the Ministry of Finance, and with the funds obtained, it will be able to obtain an additional 9,953 BTC at a price of $107,500 per unit. To specify an operation, The company has a total of 9,987 BTCIf everything remains the same, what you find among the 10 companies cited in the stock market using more BTC in balance.
After the shareholder vote, the company explained why it decided to invest in Bitcoin. “The company, like companies like MicroStrategy and Metaplenet, employs reference international experience implemented by other cited issues, and Vanadi Coffee will redefine its business model, use BTC as a major reserve asset and accumulate BTC as a massive amount of Treasury,” reported via a statement.
After learning about the news, 30% wasted price shotas observed in the following training view graph:
In this way, Vanady follows the strategy steps (previously micro-tactics) led by Michael Saylor, who began purchasing BTC in August 2020. As reported by Cryptonoticias, US companies employ an aggressive BTC acquisition approach, funded primarily by issuing convertible bonds and actions. Therefore, Saylor demonstrated that the corporate world can be quickly and effectively obtained without relying solely on operational income.
