The list of companies that adopt Bitcoin and add digital assets to the locker bonds for companies continue to grow day by day. The Spanish coffee chain may become the latest addition to that list if its board of directors approved a proposal to invest a billion euros (more than $ 1.1 billion) in BTC.
Local media Alganeti Plaza I mentioned He will suggest that Al -Fanadi is an investment of one billion dollars in Bitcoin during the next shareholder meeting scheduled for June 29.
Spanish coffee chain to invest in BTC
The first chain of Spanish coffee was launched in 2021. Since its establishment, it has created six sites, including a bakery and five cafes. The entity intends to have three others by the end of 2025 and a total of 15 by 2026.
Last year, Vanadi recorded more than 3.3 million euros ($ 3.7 million), or more than 15 % of the number seen in 2023. On the other hand, revenues for 2024 remained stable by about 2 million euros ($ 2.28 million).
Vanadi launched its first year (IPO) at a starting price per share 3.28 euros ($ 3.74) and a capital of 20 million euros ($ 22.8 million). During the past two years, the arrow, Vana, decreased by 99 %, as it has been traded by about 0.33 euros ($ 0.38) at the time of writing this report, according to data from Tradingview.
This is regardless of the division of reverse stocks from 10 to 1 in March-each 10 shares of Vana that were held before the division, shareholders received a new share. This was done to reduce the number of suspended shares and perhaps increase the price.
Besides the weak performance of the Vanadi share, the coffee chain does not expect a profit to achieve until 2027, when you record the total operation profit at least 23,000 euros. However, this bitcoin may change.
Bitcoin’s first approach
According to what was planned to move to the first Bitcoin company, and adopts the cryptocurrency as the origin of the treasury reserves. According to reports, this is not just an attempt to take advantage of the road to the Bitcoin’s recovery but a full axis of coffee to the leading digital assets.
Vanadi follows the footsteps of the major companies’ entities, such as the business intelligence company and the Japanese investment company metaplanet. If the Board of Directors approves the proposal, this step can increase the value of shareholders and enhance business growth. Vana has already increased 15 % since the proposal news appeared.
Meanwhile, the Chairman of the Vanami Board, Salvador Marti, facilitated the acquisition of 5 BTC for $ 521,000 two weeks ago. Almost at the same time, the company revealed that it had received two binding proposals to buy BTC for 50 million euros ($ 56.9 million) each.
Binance Free $ 600 (Full Details).
Limited offer for Cryptopotato readers in Bybit: Use this link to register and open a $ 500 free site on any coin!
